Have you heard of bitcoin?
Bitcoin is a modern-day payment system that uses alternative digital currency to effect a peer-to-peer payment using an open source software. Introduced in 2009, the bitcoin system creates a digital currency that users can buy, send, and receive electronically allowing quick international payments with no banks to slow down the process. In addition, bitcoin claims that they are secured by military grade, public-key cryptography – giving their users a strong level of protection.
One of the trading platforms or Bitcoin exchange that can be used to buy and sell different crypto currencies right now is Indacoin. They serve as a transaction guarantor for the transacting parties and do not buy nor sell bitcoins.
To purchase bitcoins using Indacoin, one needs to just an email address to create an account. You can then replenish your account through credit or debit cards, QIWI wallet, Yandex.money and other methods available. Network confirmation for deposit of bitcoins usually takes one to 24 hours but you can pay a fee to speed up the transaction. They do not charge fees for the execution of a limit order however; they charge 0.15% for the market order.
Bitcoin is gaining popularity worldwide as more businesses begin to accept and use this system as a method of payment. Unscrupulous individuals may abuse the lack of central system but I predict that it will become one of the popular digital payment systems in the future, just like PayPal.