Bitcoin tutorials for beginners

Bitcoin tutorials reviews for beginners   

What is Bitcoin in the United States of America, United Kingdom, Australia, and Canada?

The bitcoin system is defined as a group of computers also known as 'nodes' or 'miners' that all run bitcoin's code and store its blockchain.

This means that a blockchain can be thought of as a collection of blocks.

In each block is a collection of transactions. 

This is because every computer running the blockchain has the same list of blocks and transactions which can transparently see these new blocks being filled with new bitcoin transactions so that no one can cheat the system.

 

Is Cryptocurrency legal in the United States of America, United Kingdom, Australia, and Canada?

Yes! it's legal. 

Although, some states and regions in United States of America, United Kingdom, Australia, and Canada don’t just allow their citizens get involved in it unless they obtain a license to operate any exchange platform.

 

Is trading Cryptocurrency illegal in the United States of America, United Kingdom, Australia, and Canada?

It's not illegal in some states and regions in United States of America, United Kingdom, Australia, and Canada because most cryptocurrency trading platforms like www cex io, www kraken com, www mercury io, and www kucoin com obtains license from the government. 

These platforms are also regulated by well known financial regulatory bodies.

Is a non-US alien required to pay taxes (to IRS) in the United States of America, United Kingdom, Australia, and Canada?  

Yea! Whether you are in United Kingdom, Australia, or Canada; you will be taxed as long as you own taxable assets there. 

United States of America has even declared cryptocurrencies as taxable assets same as real estate properties and has also recommended www crypto trader tax.

 

Is it possible to convert bitcoin (or cryptocurrencies) in the United States of America, United Kingdom, Australia, and Canada? 

C h a n g e l l y com allows you convert bitcoin into e t h e r e u m or any other kind of cryptocurrency and vice versa. 

P a x f u l com allows you convert bitcoin to tether, Ethereum or any other kind of cryptocurrency and vice versa. 

 

Is it legal in the USA to trade other cryptocurrencies in the United States of America, United Kingdom, Australia, and Canada? 

If they have any crypto-currency listed on their platforms, they are automatically legal to trade it

 

Is it possible for bitcoin to become a legal currency in the in the United States of America, United Kingdom, Australia, and Canada? 

Not now but some investors, entrepreneurs and top business owners are gradually embarrassing crypto as part of their product purchasing currency. 

For instance, Elon musk purchased $1.5Billion worth of bitcoin for his Telsa electric cars company and others. 

He is a strong promoter of dogecoin cryptocurrency and the force behind the increase in dogecoin’s price in the market. 

An online business can easily accept bitcoin by adding it to their other payment options

PS - T e l s a Company is giving out free electric cars when you sign up a bit s t a r z com account

 

How can I buy bitcoins as a non-US resident in the United States of America, United Kingdom, Australia, and Canada? 

You can buy bitcoins through crypto platforms like www c h a n g e l l y com, www p a x f u l com, www k r a k e n com, www l u n o com, www c e x io, m e r c u r yo app or www p r i m e x b t com from anywhere in the world including United States of America. 

All you have to do is to provide the trading platform with any document they need to enable them verify your account and for security measures. (KYC verification and 2FA authentication)

 

How to set up your own cryptocurrency exchange trading platform in the United States of America, United Kingdom, Australia, and Canada? 

Be sure that the country allows individuals to own a cryptocurrency exchange platform. 

Then, you enquire from other crypto investors to know how to go about it. 

After getting the right information, then you need to seek for funding by sharing your business plan with a reliable person who is willing to invest into the plan. 

At this point, you have received funds to launch your own cryptocurrency exchange.

lastly, it’s time to engage social media influencers, popular figures and advertisement in other to get known and test how saturated the market is.

How can a US citizen buy bitcoins in the United States of America, United Kingdom, Australia, and Canada? 

You can buy bitcoins through crypto-currency platforms like www c h a n g e l l y com, www p a x f u l com, www k r a k e n com, www l u n o com, www c e x io, m e r c u r y o app, www l o c a l b i t c o i n s com, www x c o i n s com or www p r i m e x b t com in United States of America. 

All you have to do is to provide the exchange trading platform with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)

 

How do you safely buy bitcoin as a minor in the United States of America, United Kingdom, Australia, and Canada? 

You can buy bitcoin even as a minor in any trading website or app 

All you need to do is to create a G mail com account for your registration and provide the required documents by the crypto exchange platform for verification to avoid scam or hackers.

 

How do I pay tax for trading cryptocurrency in United States of America, United Kingdom, Australia, and Canada? 

IRS stated around March 2014 that all virtual currencies including bitcoin would be taxed as property rather than currency. 

Cryptocurrencies are taxed through software platform by www c r y p t o t r a d e r tax

 

How do I buy bitcoins in the United States of America, United Kingdom, Australia, and Canada?

You can buy bitcoins through any crypto-currency platform. 

All you have to do is to provide the exchange company with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)

 

How do I buy any cryptocurrency in United States of America, United Kingdom, Australia, and Canada?

You can buy any cryptocurrency through any trading platform.

All you have to do is to provide the exchange company with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)

 

Can you invest in a $1 bitcoin in United States of America, United Kingdom, Australia, and Canada?

Off course yes! You can invest into lending and borrowing cryptocurrency exchange platforms like www x coins io or www k u coin com.

Can a US F1 visa holder purchase a bitcoin legally in United States of America, United Kingdom, Australia, and Canada?

You can buy bitcoins through trading company

All you have to do is to provide the crypto platform with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)

 

Do criminals use bitcoin to hide their money in United States of America, United Kingdom, Australia, and Canada? 

 Off course yes! There are so many reports of dating website scammers diverting their proceeds from victims into cryptocurrency wallet to avoid been caught and arrested by anti-corrupt bodies. 

 

Do you feel that bitcoin (cryptocurrency) has much of a future in United States of America, United Kingdom, Australia, and Canada? 

Yes! The reason is because bitcoin is the most used crypto in the world. 

It has the biggest market cap. 

According to bitcoin investors, the price of one bitcoin will exceed $1M.

 

Can F1 students buy cryptocurrencies from www coin base com in the United States of America, United Kingdom, Australia, and Canada? 

You can buy bitcoins through any crypto platform.

 

All you have to do is to provide the crypto-currency platform with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)

 

How isn’t bitcoin a threat to the US dollar in United States of America, United Kingdom, Australia, and Canada? 

Bitcoin is threat because its market cap is huge.

 

According to most investor’s prediction cryptocurrency particularly bitcoin is the most traded asset in this present age and its global currency is USD dollars.

 

How are cryptocurrencies taxed in United States of America, United Kingdom, Australia, and Canada? 

Cryptocurrencies are taxed through software platform by www c r y p t o t r a d e r tax. 

It will show you how Cryptocurrencies are taxed. 

The sale of bitcoin you mined or purchased from another party or the use of bitcoin to pay for goods or services, are examples of transactions that can be taxed.