There are many interesting and important things you should know about the world of the bitcoin, basically you should know that the Bitcoin is a virtual currency that allows you to be exchanged for tangible money. Bitcoin allows you to exchange money differently than you normally do at the bank. It should be treated with the same care with which you would treat your purse. Let's see the next thing that's very important.
LEARN ABOUT THE BITCOIN PRICE
Due to its cool economy, the price of the bitcoin is very variable, it can change its value in a short time, thus keeping its savings in Bitcoin is not recommended for being a illiquid market, this currency should consider as a high risk asset if you receive payments With Bitcoin, many service providers allow you to instantly convert them to your local currency.
SAFEGUARD YOUR PURSE
There are many security policies to protect your purse. Remember that this is where you will keep the quantity of bitcoin stored, which allows you to transfer money to any place easily and allows you to have control over your money.There are different purses here I leave some:
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WATCH OUT FOR BITCOIN PAYMENTS
Bitcoin payments are not reversible, you should be careful to do business only with people or organizations that you feel confident, know or have a good reputation for. Bitcoin can detect typographical errors and will not normally allow you to send money by mistake to an invalid address. In the future, there could be services that offer more priority and consumer protection.
IS YOUR BITCOIN ACCOUNT ANONYMOUS?
No, it's not, anyone can see the funds and transactions in a Bitcoin address, all your transactions are publicly stored, this is one of the reasons that Bitcoin addresses should be used only once. Remember that it is your responsibility to adopt good practices to protect your privacy.
INSTANT TRANSACTIONS
A Bitcoin transaction is usually received in a few seconds and begins to be confirmed within the next 10 minutes. During this period, the transaction can be considered authentic but can still be reversed. Fraudulent users might try to deceive him. If you can't wait for a confirmation, you can pay a small fee or use a system to detect unsafe transactions. For amounts greater than 1000 USD, you should expect to have 6 confirmations or more. Each confirmation exponentially decreases the risk of reversing a transaction.
