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Bitcoin is More precious than gold

More precious than gold, and for weeks rising prices: Bitcoins are these days a popular object of speculation. We tell you what you need to consider when buying and how you act the coveted crypto-currency.

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Who the headlines around Bitcoin, Ethereum and other crypto currencies tracked comes easily to the idea of the boom around Bitcoin to want to participate, Ethereum and Co.. But the crypto currencies are more speculation than solid investment and you read this before investing money in Bitcoin code should only trade them if you also thus come clear that the highly speculative currencies from one day to the next by 10 or 20 percent may be worth less.

Trading Bitcoin Code Which platform is legitimate?

Bitcoins act – how does it work? While stocks, funds and bonds can easily buy on the stock exchange and its bank, which is a little more difficult for Bitcoins. We’ll explain step by step how you act with and be kept in any form Bitcoins.

Basically, you can exchange the Bitcoins with someone you know and already has the currency either. As this should not be the case for most, just the way a trusted dealer remains possible. This offers Bitcoin.de (Provisions link) to a provider who can work closely with the Fidor Bank and thanks to regular security audits considered serious and reliable.

Nevertheless, you should note that Bitcoins not the usual for banks deposit insurancesubject. This means that will be lost in case of bankruptcy of Bitcoin.de your Bitcoins, if you have not previously taken into a wallet or transferred Safe referred to in a vault. For bitcoin code his services for the purchase on the platform, the company charged 1 percent commission, which is supported equally by buyer and seller.

Bitcoins safe buy: Bitcoin.de is a German platform. (Screeenshot: Bitcoin.de)

Step by step: How do you come to your Bitcoins

  1. First you present yourself at Bitcoin.de (Provisions link) and give one of your personal information. The verification takes place a short time later on your smartphone.
  2. Next, you need to link your bank account with Bitcoin.de . The easiest way is if you know this with an account of Fidor Bank as a new verification is not required. All others must carry out a short verification process on the basis of immediate transfer. Who is not willing Bitcoin Code to provide the data required for this purpose, to then yes Mom – next to you and your own bank – has access, can request via the telephone hotline of Bitcoin.de a Postident, the costs must, however, this self-sustaining. Note: Until the full legitimacy you can run annually only transactions over 2,500 euros.
  3. After verification you Bitcoins can purchase an unlimited number. Bitcoin.de not works like a traditional stock exchange, but in the form of individual transactions between partners, like you know the trading platforms such as eBay. You can either put your own want or respond directly to a purchase offer.
  4. In the  selection of the trading partner you need to consider a few things: Set the “Show only deals that I can use with my level of trust, legitimacy status and seat of my bank” the check in and select only fully identified sellers out. For each service you see not only how many Bitcoins trading partners offers a whole but also in which minimum denomination he does, so if this fits your desire to buy.
  5. Once you’ve decided on a trading partner and accepted his offer Bitcoin.de freezes the appropriate number of Bitcoins on the account and reserves them so happy for you.
  6. The trade itself is also made easier when one is Fidor customer, as there is an express service here, over which the transaction can be performed with a few clicks. Otherwise, you will transfer the equivalent to the account of the trading partner and acknowledge this with Bitcoin.de along with the transaction ID .
  7. Once the seller to confirm receipt of money , has the Bitcoins will be transferred to your account. This is done with a delay of one to two days.
  8. Finally, you should keep your Bitcoins or transferred from Onlinewallet at Bitcoin.de on its own off-Wallet to protect them from unauthorized access. We recommend here Bither , which is available as an app for Android and iOS, or as a Windows application for the PC. Click help Bitcoin.de a “pay” and the address of your Bither-wallets give to. Last you confirm the transaction with an SMS TAN, which you received from Bitcoin.de.