Bitcoin is catching popular attention for various reasons. Whereas some people are enthusiastic about its future, there are some people who think it is being used by some criminals who want to have control over contraband activities. There are a lot of people who sell and buy Bitcoin and make profits in the process. However, there are a lot of questions on the legality as well.
Needless to say in a recent court decision judge in Florida dismissed criminal charges against a man accused of selling $ 2,000 in Bitcoin. The man was charged with running an unlawful money services business, and two counts of money laundering. There have been a number of such instances where people were charged for money laundering when they buy Bitcoin or sell it.
It must be noted that as Bitcoin is the brand new currency that has recently come in financial technology world, a lot of people are skeptical about the future. Some people are not actually aware of what it is and how it can be useful forget about how to buy Bitcoin. Thus, the first concern is to let the people know about Bitcoin and other similar cryptocurrencies.
Finding Out the Bitcoin Exchanges
When users want to buy Bitcoin, they should look for trusted Bitcoin exchanges that can help them in the process. Needless to say buying Bitcoin is similar to the US Dollar, Peso or any currency for that matter. However, the difference between Bitcoin and other currencies is that a single government or a single company cannot control it.
Notwithstanding what Bitcoin is a decentralized peer to peer currency which has popular attention and all set to revolutionize financial technology for good. It is connected to the computer of every individual working with it. In short, it is digital currency and there is no need of a central bank for performing transactions using this currency.
Bitcoin Exchanges Where Users can Buy Bitcoins from?
Bitcoin exchanges provide the much needed services to help users buy Bitcoin. Some popular names like BitBay are known globally. It is the biggest BTC, LTC and ETH exchange and according to several reviews provides a safe platform to trade and exchange BTC to PLN. It has multiple withdrawal and deposit methods as well for better services.
Needless to say Kraken is another Bitcoin exchange that delivers best in the industry trading services and helps users buy Bitcoin. In fact, it is top European based exchange and offers a variety of fiat to Bitcoin pairs such as JPY, EUR, GBP and USD.