How to transfer Bitcoin to PayPal

Bitcoin has been getting a lot of attention lately, and attracting lots of new investors. Some Bitcoin buyers are fascinated by the blockchain technology that makes the cryptocurrency work. Others are looking for a quick buck and a new day trading platform. Still, others view Bitcoin as a long-term investment, a virtual asset to buy and hold.
No matter how you view Bitcoin, safety is a vital consideration. Buying Bitcoin is not like buying shares of stock or putting money in the bank. With Bitcoin, there is no FDIC insurance to back you up, and no stock broker to give you advice. While some Bitcoin exchanges do carry insurance, the amounts of their coverage are often insufficient, and many Bitcoin investors have lost their virtual cash to hacks and insider heists.So how do you keep your Bitcoins safe, and how can you protect yourself from the inherent dangers of a currency that exists only in the virtual world? Unfortunately, there is no one answer to that question, and every new Bitcoin investor will need to find their own comfort level and make their own decision.
The simplest way to keep Bitcoin is on an exchange, and there are many such exchanges to choose from. Coinbase is the oldest and largest Bitcoin exchange, but there are plenty of others.Some Bitcoin exchanges are located in the United States, while others are scattered overseas. If you plan to keep your Bitcoin on an exchange, it is important to research the company, including any insurance they offer, how they protect themselves from hackers and what recourse buyers have if their virtual currency should go missing.

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