Buy cryptocurrency safely with Bitwallet? Important note: Bitcoin transfers can be a bit sporadic. Unlike other currency trades, when you buy Bitcoin funds. the transaction needs to be recorded in the blockchain and affirmed. This can take time, especially during busy trading hours. It’s not uncommon for a trade to take an hour or two to complete, so you may not want to immediately leap over to your account and start moving funds around.
Most beginners make one common mistake: buying a coin because it’s price seems to be low or what they consider affordable. Take, for example, someone who goes for Ripple instead of Ethereum simply because the latter is much cheaper. The decision to invest in a coin should have very little to do with its affordability but a lot to do with its market cap. Just like the conventional stocks are gauged by their market caps, which is evaluated using the formula Current Market Price X Total Number of Outstanding Shares, the same applies to cryptocurrencies.
Bitwallet is a high-security cryptocurrency wallet and exchange. With BitWallet, it’s easy for anyone to send and receive Bitcoin and other digital currencies anywhere in the world, instantly, for free. BitWallet is a United States Department of Treasury ‘Money Service Business’.
Technically speaking, cryptocurrencies are transactions or entries targeted in a restricted database. Specific conditions must be met to modify these transactions. Created with cryptography, transactions are protected with mathematics, not with people. Transactions are published in a database, but it is a special type of database that is shared is a peer-to-peer network.
BitWallet™ provides a free digital wallet service for storing and facilitating cryptocurrency transactions, safely and securely. BitWallet is based on a technology-agnostic platform enabling support of various cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, USD Tether as well as other blockchain-based digital currencies. BitWallet allows anyone to set up a cryptocurrency account in seconds that they may then utilize to securely buy and sell cryptocurrencies, and make purchases. On the other side of the transaction, businesses can easily download and embed BitWallet Business™ into their ecommerce platforms for payment processing using a variety of cryptocurrencies for their products and services.
Online: wallets run on the cloud and are accessible from any computing device in any location. While they are more convenient to access, online wallets store your private keys online and are controlled by a third party which makes them more vulnerable to hacking attacks and theft. Mobile: wallets run on an app on your phone and are useful because they can be used anywhere including retail stores. Mobile wallets are usually much smaller and simpler than desktop wallets because of the limited space available on mobile.
BitWallet utilizes blockchain technology to allow users to instantly transfer any amount of digital currency to anywhere in the world, for little to no fees. Though digital transactions are relatively new to consumers, BitWallet has big plans to make commercial cryptocurrency transactions as common as credit card purchases. The big difference: BitWallet will allow businesses to accept payments for nearly a third of the fee that credit cards charge. The world watched as Bitcoin grew from just pennies eight years ago to almost $20,000 per coin in early 2018. The global currency has since stabilized in price at approximately $4,000 per Bitcoin with a total market cap of over $70 billion. Market cap for all cryptocurrencies combined totals more than $120 billion. Find extra info on bitwallet.
