Bitcoin newcomers will find a variety of exchang and wallet competing for their business. This is because such transactions can easily be reversed with a phone call to the card company (ie ’chargebacks’). Since it’s hard to prove any goods changed hands in a transfer of bitcoins, exchanges avoid this payment method and so do most private sellers. Some are full-blown exchanges for institutional traders, while others are simpler wallet services with a more limited buying and selling capabilities. Surprisingly, it’s still not easy to bitcoin buy with your credit card or PayPal, depending on your jurisdiction. Most exchanges and wallets will store amounts of digital and/or fiat currency for you, much like a regular bank account. Exchanges and wallts are the best option if you want to engage in regular trading and speculation, don’t need total anonymity and don’t mind lengthy bureaucratic setup procedures that usually involve proof of identity and supplying detailed contact information. 56636
