BITCOIN continues to dominate headlines with its continued volatility – marked by surges and dramatic falls.
Here’s everything you need to know if you’re thinking of investing in Bitcoin or one of the other cryptocurrencies…
How do I buy Bitcoin?
The most common way to buy the currency is to download a broker app such as Coinbase and Blockchain.
These allow users to use a credit or debit card to exchange pounds for Bitcoin.
Users do not have to buy whole Bitcoins and can purchase a small percentage that matches the value of their cash investment.
Once a request has been made, online “miners” will decide whether to approve the transaction.
If approved, the money will be taken from a user’s account in exchange for Bitcoin.
When selling, users can use the same app to sell their Bitcoin in return for its cash value.
It is also possible to buy Bitcoin directly from sellers on other websites…