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judymcconville@roadrunner.com 2017-04-27 11:52:36 -07:00
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@ -156,7 +156,7 @@ Here are some methods for getting bitcoin as a new user:
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((("privacy, maintaining")))((("security", "maintaining privacy")))((("getting started", "benefits of bitcoin")))((("digital currencies", "currency exchanges")))((("currency exchanges")))((("digital currencies", "benefits of bitcoin")))((("bitcoin", "benefits of")))One of the advantages of bitcoin over other payment systems is that, when used correctly, it affords users much more privacy. Acquiring, holding, and spending bitcoin does not require you to divulge sensitive and personally identifiable information to third-parties. However, where bitcoin touches traditional systems, such as currency exchanges, national and international regulations often apply. In order to exchange bitcoin for your national currency, you will often be required to provide proof of identity and banking information. Users should be aware that once a bitcoin address is attached to an identity, all associated bitcoin transactions are also easy to identify and track. This is one reason many users choose to maintain dedicated exchange accounts unlinked to their wallets.
((("privacy, maintaining")))((("security", "maintaining privacy")))((("digital currencies", "currency exchanges")))((("currency exchanges")))((("digital currencies", "benefits of bitcoin")))((("bitcoin", "benefits of")))One of the advantages of bitcoin over other payment systems is that, when used correctly, it affords users much more privacy. Acquiring, holding, and spending bitcoin does not require you to divulge sensitive and personally identifiable information to third-parties. However, where bitcoin touches traditional systems, such as currency exchanges, national and international regulations often apply. In order to exchange bitcoin for your national currency, you will often be required to provide proof of identity and banking information. Users should be aware that once a bitcoin address is attached to an identity, all associated bitcoin transactions are also easy to identify and track. This is one reason many users choose to maintain dedicated exchange accounts unlinked to their wallets.
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Alice was introduced to bitcoin by a friend so she has an easy way to acquire her first bitcoin. Next, we will look at how she buys bitcoin from her friend Joe and how Joe sends the bitcoin to her wallet.