How do I buy Bitcoin? :
The most common way to buy the currency is to download a broker app such as Coinbase and Blockchain.
These allow users to use a credit or debit card to exchange pounds for Bitcoin.
Users do not have to buy whole Bitcoins and can purchase a small percentage that matches the value of their cash investment.
Once a request has been made, online “miners” will decide whether to approve the transaction.
If approved, the money will be taken from a user's account in exchange for Bitcoin.
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Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. Our mission is to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency.
Is it safe to buy Bitcoin?
Anyone thinking of investing in Bitcoin or another cryptocurrency should be very careful.
Their values are volatile, with the ability to plummet as quickly as they shoot up.
And investors are frequently targeted by hackers and other criminals who seek to steal their crypto-cash online.
Be especially careful if you are using direct, peer-to-peer platforms to sell and buy cryptocurrencies.
These are the equivalent of something like Gumtree for Bitcoin – you never know who you might be dealing with