Re: What are the procedures to follow when I want to invest?

Quote from: BoiCrypto on September 03, 2023, 10:12:54 AM

I have came across some questions today while I’m reading some areas of bitcoin, these are the list of my questions.

1. What is the procedure for purchasing and selling Bitcoin, and are there any crucial elements to take into account before beginning?

2. I'd appreciate an explanation of how Bitcoin mining functions and how it maintains the security and reliability of the Bitcoin network.

3. Why is using Bitcoin better than using conventional currencies?

Many thanks to all of you for your explanation.

Crucial elements? If the money you're investing is not really that worth losing then that's one for the crucial element. For technical procs of purchasing and selling, it could depend on the platform you bought it from. I had traded in different trading exchange sites like Binance and EtherDelta and they do have different procedures.

For #2, I think it's better off to be asking that in the Mining section.

For #3, it's purely your money that's why. And because it is....well it's Bitcoin.