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Invest in Bitcoin

Bitcoin, the world’s leading digital currency, has many functional purposes available to its holders which may surprise and interest members of the general public. It is an extremely versatile and flexible currency that has many advantages over traditional paper-based currencies.

Lets take a look at it’s practical uses in 2015:

Hold Bitcoin as a Store of Value
As bitcoin is a digital currency, and is decentralised i.e: held outside of the traditional financial system. It allows it to be used as a hedge against any decline in the traditional currencies of the world in the event of a financial crisis. Also, as its limited in supply, only 21 millions bitcoins will ever exist and cannot be over-mined. It can be seen as the gold of the digital age. See: http://haveninvestor.com/haven-investor-why-bitcoin-is-better-than-gold-as-a-store-of-wealth/

Buy Good and Services with Bitcoin
Over 100,000 marketplaces now accept Bitcoin as a means of payment for goods and services and it is continuing to rise at a staggering rate as the acceptance of digital currencies moves into more into the mainstream. Payments are made instantaneously and the merchant benefits from minimal fees compared to traditional sources of payment. Check out Spend Bitcoins, for the largest directory on where to spend Bitcoin on a day to day basis or for luxury purchases, check out Bit Premier.

Work Globally, Get Paid in Bitcoin
There are a number of sites now offering free lance work with the reward being paid in Bitcoin. This is especially attractive when working on cross border assignments. Also, the fees associated on remittances home for overseas workers in particular to developing countries are extremely high, which can be significantly reduced with the use of Bitcoin as payments are instantaneous and cheap to make.

Trading Bitcoin
By buying and selling bitcoins in relation to your home currency, there is an opportunity to make a capital gain from the movement in its price. However, as the Bitcoin has matured in recent times, the price has been stable reducing the opportunity from any volatility in it’s price. Supporting the value of Bitcoin for the future. Check out Coin Corner for Bitcoin Trading opportunities.

Lend Your Bitcoin for Income
As an asset, your Bitcoin can be lent to any borrower anywhere in the world for a reasonable rate of interest generating a good source of income. Lenders and borrowers can benefit from the interest rate arbitrage between low and high interest rate countries, ie: a lender from a low interest rate country for example Germany, lending to a high interest rate country for example Brazil. Both parties benefit, with a higher rate of return for the lender and a lower borrowing cost for the borrower. Check out our section on Peer to Peer Lending with Bitcoin to get started.

More Secure source of payment than a Credit Card
The security protocol for a credit card has not changed for the last 70 years and was never designed for online use. Hence, the requirement to submit all your personal details (name, address, card number etc) online leaving it heavily exposed for fraudulent use. Whilst Bitcoin requires two keys information, public and private key to sign off the transaction with private key only known to the holder and is secure.

High Level Benefits

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Fast & Easy.

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Transactions free.

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Fixed circulation.

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No government or country can take it away.

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Payment details are hidden, unlike credit cards thus reducing risk of fraud.

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Confidential. No-one knows the holder of the currency.

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You own it, substantially reducing the risk of confiscation.

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Getting Started

To get started with Bitcoin, the first thing you will need to do is get a ‘bitcoin wallet’ to store your bitcoins.

The primary options are for a Bitcoin wallet are:

  1. a software wallet stored on the hard drive of your computer
  2. an online, web-based service or;
  3. a ‘vault’ service that keeps your bitcoins protected offline or a wallet that uses a number of keys to protect the account

Once you have your Bitcoin wallet, you will be ready to make your first Bitcoin purchase in an exchange such as Coin Corner. Coin Corner, like most exchanges, will also allow you to store amounts of your Bitcoin like a traditional bank account but its not mandatory.

Once you have your wallet, you’ve purchased your Bitcoins, you are good to go. Check out our brief article on the highlights of what you can do with your Bitcoin.[/fusion_text][/fullwidth][fullwidth backgroundcolor=”” backgroundimage=”” backgroundrepeat=”no-repeat” backgroundposition=”left top” backgroundattachment=”scroll” video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” bordersize=”0px” bordercolor=”” borderstyle=”” paddingtop=”20px” paddingbottom=”20px” paddingleft=”0px” paddingright=”0px” menu_anchor=”” equal_height_columns=”no” hundred_percent=”no” class=”” id=””][separator style_type=”single” top_margin=”” bottom_margin=”20″ sep_color=”#f4f4f4″ icon=”” width=”” class=”” id=””][one_fourth last=”no” spacing=”yes” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” border_size=”0px” border_color=”” border_style=”” padding=”” class=”” id=””][imageframe lightbox=”no” style_type=”none” bordercolor=”” bordersize=”0px” borderradius=”0″ stylecolor=”” align=”none” link=”www.coincorner.com” linktarget=”_self” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ class=”” id=””] Bitcoin[/imageframe][/one_fourth][one_half last=”no” spacing=”yes” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” border_size=”0px” border_color=”” border_style=”” padding=”” class=”” id=””][fusion_text]The CoinCorner range of services are built around its core proposition allowing you to easily buy and sell Bitcoin. The Exchange is an extremely easy way to buy Bitcoin and includes a very simple interface to give you immediate access to their platform.

Main services on offer:

Purchase Bitcoin
CoinCorner now offers Credit Card for Bitcoin and Debit Card for Bitcoin, as well as bank transfers.

Bitcoin Mobile Wallet
We have apps! Join CoinCorner and have access to our Bitcoin Wallet for Android and Bitcoin Wallet for iOS.

eCommerce Plugins for Bitcoin
Integrate Bitcoin payments into your website or business with our Magento Bitcoin Plugin, WooCommerce Bitcoin Plugin and many leading eCommerce solutions.[/fusion_text][/one_half][one_fourth last=”yes” spacing=”yes” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” border_size=”0px” border_color=”” border_style=”” padding=”” class=”” id=””][button link=”https://www.coincorner.com/” color=”custom” size=”” type=”” shape=”” target=”_self” title=”” gradient_colors=”#5cd822|#5cd822″ gradient_hover_colors=”#187d96|#187d96″ accent_color=”#ffffff” accent_hover_color=”#ffffff” bevel_color=”” border_width=”1px” shadow=”” icon=”” icon_position=”left” icon_divider=”no” modal=”” animation_type=”0″ animation_direction=”left” animation_speed=”1″ alignment=”left” class=”” id=””]Buy Bitcoin[/button][/one_fourth][/fullwidth][fullwidth backgroundcolor=”#f9f9f9″ backgroundimage=”” backgroundrepeat=”no-repeat” backgroundposition=”left top” backgroundattachment=”scroll” video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” bordersize=”0px” bordercolor=”” borderstyle=”solid” paddingtop=”20px” paddingbottom=”20px” paddingleft=”0px” paddingright=”0px” menu_anchor=”” equal_height_columns=”no” hundred_percent=”no” class=”” id=””][fusion_text]

Bitcoin News

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