Bitcoin is a completely digital currency. Encryption keys are used to control its mining and distribution. There are different ways in which an individual can obtain this cryptocurrency. The easiest way is by purchasing it on an exchange. There are very many online exchange platforms that one can buy from such as Bitfinex, Coinbase and Bitstamp. You need actual paper currency to be able to buy the digital currency.
There are many bitcoin exchanges available on the web. These allow customers to convert physical money into Bitcoins and vice versa. Increasingly, they are offering a greater number of services, including a wider range of both fiat and cryptocurrencies, and various trading tools.
Since the fall of MtGox, many traders have become wary of these exchanges as they are uncertain how reputable they are and whether their money is safe. Some of the major bitcoin exchanges today are Bitstamp, Coinsetter, Coinbase, BTC-e and Cryptsy. You will find Detailed Reviews of each Below.