Buying Bitcoin has become considerably easier since its 2009 inception. Before public exchanges were available, bitcoin was transacted person to person, with methods of payment including Paypal, Moneygram and even cash in envelopes sent in the mail. The first exchange, Mt Gox started in 2010 however a hacking event due to weak security forced its collapse in 2014.
Fortunately Bitcoin has been easier to trade since then. Since regulated exchanges established themselves in secure jurisdictions the most common way to buy/sell and trade Bitcoin and Cryptocurrencies has been on registered exchanges using fiat currency.
Mine Digital offers users the option of a regulated exchange in a strong jurisdiction. Links to our FAQ’s on the processes to buy a token are below.
Open – Verify – Fund – Trade
To take your token off of the exchange you must have a Bitcoin wallet. Although Mine use sophisticated systems to ensure the security of your digital assets, many people prefer to hold their tokens off-exchange. We will have more information on wallets, how they work and what you need to know in the near future. In the meantime, please refer to this guide.