Who gets the money when you buy Bitcoin

Who gets the money when you buy Bitcoin
Who gets the money when you buy Bitcoin

In this post, we would be writing about who gets the money when you buy bitcoin.

Who gets the money when you buy Bitcoin?

It would go to the exchange or the person that sold you the Bitcoin.

The person who sold it could be convinced that the price will drop, or they may want to buy something and need dollars or no matter what currency you used to buy bitcoin to pay for it.

They may have mined the Bitcoin, meaning they produced it through a computer program; if this seems like “money for nothing,” you’ve got knowledge of mining.

Thinking of buying a stock on the New York Stock Exchange. Where does that money go? The money is not going to the company but to the one who sold you the stock.

You should also read: How do I get Bitcoin

Who has made money with Bitcoin?

The 5 world’s top Bitcoin millionaires

  • Tyler and Cameron Winklevoss.
  • Michael Novogratz.
  • Barry Silbert.
  • Blythe Masters.
  • Dan Morehead.

Does everyone make money on Bitcoin?

Everyone’s heard the rumor surrounding this game-changing cryptocurrency but can anyone make money with Bitcoin? Yes, and we will explain to you how. Bitcoin (BTC) has hit the news headlines again, this time around for gaining an astonishing 15 percent in three days.

Can you lose money from Bitcoin?

Just like all speculative investments, anybody who invests in Bitcoin and other cryptocurrencies can possibly gain or lose money. So the advice never to invest more than you are able to lose.

 

Mybtc.ng is a platform that offers an easy solution to perform to buy, sell giftcards, and cryptocurrencies. Mybtc.ng is one of Nigerian’s top Crypto exchange platform, the number 1 Guide to Digital Exchanges in Nigeria. My BTC Nigeria helps guide people through the exchange process. They give you the best exchange rate; this platform provides you with the simplest solution to cryptocurrency and gift card exchange. Visit mybtc.ng now for a splendid exchange rate.

 

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