When i buy bitcoin where does the money go

You should do your own research before buying any bitcoins. Buy Bitcoin Worldwide is for educational purposes only. Stephen Gornick Stephen Gornick The internet made information global and easy to access.

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Cash Bitcoin Exchanges

By using our site, you acknowledge that you have read and understand our Cookie Policy , Privacy Policy , and our Terms of Service. This question seems to me to be such an obvious question, that it must be answered somewhere. As I understand it is necessary to buy bitcoins using dollars or some other currency. Where do those dollars etc. The money goes to the party that sold it to you — that party owned the bottle before you owned it. You might be able to trace ownership of that bottle all the way back through the supply chain, to the point at which it was manufactured. It probably had several prior owners before you got it.

Why Bitcoin is Gaining Traction

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Okay you’re buying from someone else in the market. It’s easy to kind of lose track of how this is working because it’s it’s electrifying and we’ll see the other people but, let’s set here where the giant flea market with how much people that the corner like queen uh theory, am between cash and you’re right around the market, trying when i buy bitcoin where does the money go find you know you Buy some big point where you buying from you buying from selling used having running to him in the market.

Queen bases, market that puts a buyer and seller together so whem your mind that queen at queen days you’re, not buying it from going box you’re buying from the other guy the when i buy bitcoin where does the money go end of transaction, who’s been transmitting a to point base who transforms into you so when you’re buying your buying somebody. Forgotten account?

Where Does The Money Go When You Buy Bitcoin!

Any such advice whhere be sought independently of visiting Buy Bitcoin Worldwide. Buy Bitcoin Worldwide is for educational purposes. The internet made information global and easy to access. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Take some time to understand Bitcoin, how it works, how to secure bitcoins, and about how Bitcoin differs from fiat money. How to Invest in Bitcoin. There have been reports of scams and robberies, so just make sure you take precautions when buying. We really recommend storing any bitcoins you want to keep safe in a wallet you. Because Bitcoin is on the internet, they are even easier to steal and much harder to return and trace. You can use our exchange finder to find a place to buy bitcoins in your country. Read our guide. At whn store you present the code to the cashier and pay for the amount of coins you want. It when i buy bitcoin where does the money go had several prior owners before you got it.