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What is Bitcoin? How can I buy it? A simple Q&A for ...

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Bitcoin is on everyone's lips this week and the price has gone nuts - shooting past $17,000 per bitcoin in Thursday's trading. It has rocketed up $5,000 in less than a week, prompting wall-to-wall news coverage that is giving Sen. Al Franken, D-Minn., Russia, the FBI and even President Donald Trump a run for their money.

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Getty Images

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After watching Bitcoin's astronomical rise from $997.69 at the start of 2017 to the current value of $15,429.68, as of January 2nd, 2018, it is safe to say that many people have suddenly taken notice of cryptocurrency and are eager to buy Bitcoin for future gains.

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How can one mine Bitcoins? What are the investment returns?

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The process of creating bitcoins is called 'mining' of bitcoins. Bitcoin is a cryptocurrency i.e. based upon digital cryptography, therefore bitcoins are not available in any physical form that you can touch and feel. Bitcoins are discovered by solving complex mathematical problems and then added to the distributed ledger called 'blockchain'. This blockchain holds the records of...

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Electrum is a great Bitcoin wallet for both beginners and advanced users. It is a wallet perfectly suited for daily use of Bitcoin: making purchases online and transferring funds between people. Although it has a simple interface, Electrum is one of the most secure wallets out there. For both of these reasons, we recommend it to all of our users, and we also want to help you setup Electrum...

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Bitcoin Futures Rise on Financial Exchange Trading

Bitcoin Futures Rise on Financial Exchange Trading

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The future prices of bitcoin increased 18 percent to more than $18,000 on Monday morning on the Chicago Board Options Exchange.

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Is there any way to buy bitcoins online without a fee?

up vote 8 down vote accepted

Of course you may trade bitcoins with just anyone without having to pay fees to a centralized exchange.

I think Bisq (formerly BitSquare) may be the best answer to the question; decentralized, free for some definitions of "free", and very low risk due to the escrow system - but not completely without fees, indeed as of 2017 one may end up paying quite much higher fees...

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There are two main options for buying Litecoin (LTC) in the UK. The first will take two steps, as we are going to be buying the coin with Bitcoin (BTC) and then converting it to LTC on an exchange. Alternatively, you can buy LTC with GBP on Bittylicious, though rates may be less competitive.

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People are taking out mortgages to buy bitcoin as price soars

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People are taking out mortgages to buy bitcoin as price soars

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