Bitcoin. You may have heard the word but have no idea what exactly it is and how it can benefit you. Bitcoin is a cryptocurrency that works like cash, — but it’s online. This online currency has recently gained attention as its price increased over 1,500 percent over the course of 2017.
What is it?
What are the benefits for you?
The staff at EZ Money in Omaha, Nebraska is here to walk you through how Bitcoin transactions work and how you can take full advantage of what this cryptocurrency has to offer.
Bitcoin for Dummies
Let’s cut to the chase… cryptocurrency is confusing!
By using Bitcoin, monetary exchanges are made between two people using an open-source public ledger. This method allows users to maintain, secure, improve, and check transactions.
In simple terms, this eliminates the need of a third party.
Here to Make Bitcoin Transactions Simple
You need to understand all the technical complexities involved with Bitcoin to take advantage of its many benefits, some of which include:
- Irreversible transactions that prevent chargebacks
- Appreciating value
- No ID, password, or proof of address needed to open an account
The staff here at EZ Money in Omaha is here to help you through the process of generating your Bitcoin address and loading money onto a prepaid debit card.
Here to Navigate and Protect You through Every Bitcoin Transaction
As an emerging technology, using Bitcoin can lead to confusion. Our staff knows how to keep you protected. A few cautions to keep in mind include:
- Irreversible transactions can make it easier for scammers to get into your wallet. Never make a Bitcoin transaction with someone you don’t know and trust.
- The government and police departments don’t ask for Bitcoin. This is a common scam to be aware of.
Your EZ Money staff is well-versed in Bitcoin, and we’re here to help navigate you through the transaction. We’re your localOmaha EZ Money Bitcoin transactions experts.