Bitcoin tutorials for beginners

Bitcoin tutorial reviews for beginners   

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

Yes! it's legal. 

However, some states and regions don’t just allow their citizens to get involved in it unless they obtain a license to operate any exchange platform.

 

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

It's not illegal in some states and regions because most cryptocurrency trading platforms obtain a 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 the IRS) in the United States of America, United Kingdom, Australia, and Canada?  

United States of America has even declared cryptocurrencies as taxable assets same as real estate properties.

 

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 allows you to 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 allows you to 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 1.5 Billion USD 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 its other payment options

PS - T e l s a Company is giving out free electric cars when you create 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 these cryptocurrency trading platforms from anywhere in the world. 

All you have to do is to provide the trading platform with any document they need to enable them to verify your account and for security measures. 

(K Y C verification and 2 F A 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 investors to know how to go about it. 

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

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

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 these cryptocurrency trading platforms in the United States of America. 

All you have to do is to provide the exchange trading platform with any document they need to enable them to 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 application 

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

 

How do I pay tax for trading cryptocurrency in the 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. 

They are taxed through software platforms by 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 the  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 to verify your account and for security measures. 

(K Y C verification and 2 F A authentication)

 

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

Of course yes! You can invest in lending and borrowing x coins or k u coins.

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

You can buy bitcoins through the trading company

All you have to do is to provide the crypto platform with any document they need to enable to 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 the United States of America, the United Kingdom, Australia, and Canada? 

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

 

Do you feel that bitcoin (cryptocurrency) has much of a future in the 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 1 million USD. ($1,000,000)

 

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 platform.

 

All you have to do is provide the crypto-currency platform with any document they need to enable them to 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? 

They are taxed through c r y p t o t r a d e r tax. 

It will show you how Cryptocurrencies are taxed.