Silver and Gold for Cash now also buys and sells Bitcoin – Bitcoin is a peer to peer digital currency. It is created, used and stored digitally. The origin of this concept is traced to Satoshi Nakamoto, a pseudonymous programmer who called it P2P Electronic Payment System.

Transactions involving Bitcoins do not involve banks and there is no transaction fee on their transfer. This is why more and more merchants worldwide have begun to accept payments in this ‘cryptocurrency’.

You can use fiat currencies – such as dollar, euro and pound sterling – to buy and sell Bitcoins. Once bought, they need to be stored in a Bitcoin Wallet that can exist either in cloud or on your computer. This wallet is like a virtual bank account that lets you send or receive Bitcoins, pay for goods or simply accumulate your money.

You can send Bitcoins to others through mobile apps or your computers. It is quite like transferring cash digitally. All the transactions are stored in one long ledger called the blockchain.

Call us at 1-855-500-5993 for more information on how to sell Bitcoin and how much can you expect in payments.