It is highly unlikely that you have not heard of Bitcoin. It has been the topic of excited debate for almost ten years, but Bitcoin has really only been in the lime light for the past three years. Bitcoin is so much more than just another type of currency. Bitcoin represents an idea. The idea that privacy is a human right.
Since its inception, the price of Bitcoin has fluctuated tremendously, but there is one consistency that has remained throughout. Through all the peaks and troughs of the value of Bitcoin, it is always increasing in value. This time five years ago, one Bitcoin was worth about £300. Today, one Bitcoin is worth about £5,500!
That means that in just five years, you would have made your money back eighteen times! What other investments have the potential to offer such great returns in such a small space of time?
Bitcoin has already turned thousands of forward thinking investors into millionaires and there is still time to get involved. The price of Bitcoin has stabilised but is still growing at an impressive rate. Experts anticipate that Bitcoin still has room for exponential growth and estimate that one single Bitcoin may well be worth somewhere in the region of £19,000 to £26,000 by the end of 2025!
Thanks to all the reputable Bitcoin exchanges that are available on the internet today, buying Bitcoin is easier than it has ever been before. It can be completed in three easy steps:
First, create an account on a Bitcoin exchange. Coinmama and Coinbase are some of the most popular.
Next, you will need to verify your account by providing some form of identification.
Finally, purchase your Bitcoin with a credit or debit card.
Numerous banking apps such as Coinbase facilitate the purchase of Bitcoin directly through their mobile app. Coinbase is a UK Mobile Banking app. An account can be set up in 5 minutes and comes with added benefits such as a prepaid debit card, currency exchange and peer-to-peer payments between Coinbase users!
Bitcoin is not owned or controlled by any organisation or bank, so where do you keep your Bitcoin? Storing Bitcoin is safe and easy. All you need to do is create a Bitcoin wallet. These wallets are free and disposable, allowing you to have as many as you want. You can also store Bitcoin offline on a hardware wallet.
These are generally considered a much safer option and a Trezor Hardware Bitcoin Wallet can be purchased for under £50.00 from Amazon.
Please note: All of our Bitcoin is stored in offline wallets