How to buy Bitcoin? Bitcoin wallet apps and cryptocurrency centralized exchanges (CEXs) that accept fiat money are the two most common methods for purchasing Bitcoin.  Using a self-custodial Bitcoin wallet program that takes money is the safest option because CEXs pose severe hazards to your digital assets’ control and security. If you opt to use a CEX, it is strongly advised against holding your Bitcoin on a CEX for an extended period of time. Quick Getaway: Looking for a safe platform that offers the most secure cryptocurrency trading platform? Sign up with  Coinlocally and enjoy the best Cryptocurrency trading strategies.  Table of Contents  • Key points to consider when buying Bitcoin • How is Bitcoin different from Ethereum? Understanding Bitcoin Understanding Ethereum • Bitcoin vs. Ethereum: Key Differences • Bitcoin mining for beginners • How to Mine Cryptocurrency • Bitcoin investment strategies • Conclusion Key points to consider when buying Bitcoin The three essential aspects to consider before purchasing Bitcoin or buying crypto are as follows:  1. Payment method 2. Platform/venue used  3. Where your Bitcoin goes,   Credit cards, bank transfers, payment apps (PayPal, Apple Pay, Google Pay, Samsung Pay, and so on), face-to-face with cash, and even swaps are all options for payment. Each payment option has advantages and disadvantages in terms of ease, privacy, and associated expenses.   1. Digital wallet providers, centralized spot exchanges, OTC desks (private ‘Over-The-Counter’ exchange services largely used Platforms/venues for obtaining Bitcoin include high-net-worth individuals, peer-to-peer markets, and even payment programs such as PayPal. Of course, it is also feasible to purchase Bitcoin in person. For example, you may send your friend cash in return for an agreed-upon sum of bitcoin. There are several alternatives for where your Bitcoin will go after you acquire it:   2. Into a Bitcoin wallet that you control (a’self-custodial’ wallet such as the Bitcoin.com Wallet)   3. Into a Bitcoin wallet controlled by someone else (for example, a centralized cryptocurrency exchange or a payment app like PayPal).   When you keep Bitcoin in a wallet that you control, often known as a self-custody wallet (or a ‘non-custodial’ wallet), you never have to obtain permission to use it. This implies you won’t have to wait for a third party to approve the transaction, such as a centralized exchange. It also means that you can transmit Bitcoin whenever and wherever you choose. Many custodial Bitcoin wallets, on the other hand, set severe restrictions on what you can do with your Bitcoin.  For example, you may be forced to register an address before sending Bitcoin to it, and you may have to wait several days before making a withdrawal.  Withdrawals of any kind are simply not authorized in some instances (PayPal, for example). It’s also not uncommon for your account to be completely frozen. For example, if you’ve been identified as a security or fraud risk, you could be locked out of your account with no way of regaining access. You may also customize the ‘network fee’ each time you send with the finest self-custodial Bitcoin wallets. This implies you can save money on transaction expenses when you aren’t in a hurry or spend more money to transmit faster when you are. The most essential benefit is that self-custody wallets are more secure. As long as you follow key management best practices, you will never be hacked or exposed to counter-party risks like a centralized exchange being hacked or going bankrupt.     How is Bitcoin different from Ethereum? Bitcoin and Ethereum are two of the world’s most popular cryptocurrencies. They both use blockchain technology, but there are several key differences between them. This article delves into the distinctions, summarized in a handy chart at the end.   Understanding Bitcoin Bitcoin (BTC) was the first cryptocurrency, founded in 2009 by an unidentified individual or group known as Satoshi Nakamoto, and it is still the most well-known and widely used today. Bitcoin was established to provide a decentralized mechanism of value transmission as a digital alternative to existing currencies. A network of nodes cryptographically verifies Bitcoin transactions, which are then stored on a public ledger known as a blockchain.   Understanding Ethereum Vitalik Buterin proposed Ethereum (ETH) in late 2013 and brought it to life in 2015. While Ethereum is a cryptocurrency, its fundamental goal goes beyond the mere exchange of cash. Instead, Ethereum is intended to be a platform that allows peer-to-peer contracts and apps to be developed and run without the need for third-party control, approval, or intervention. These programs, known as decentralized applications or DApps, are powered by Ether (ETH), Ethereum’s own cryptographic coin. In other words, Ethereum is a programmable blockchain that enables developers to leverage the blockchain’s infrastructure to create their own projects, which Bitcoin does not allow.     Bitcoin vs. Ethereum: Key Differences Purpose The primary distinction between Bitcoin and Ethereum is their intended use. Bitcoin was designed to be a decentralized digital cash system alternative to traditional money. Ethereum, on the other hand, is more than just a cryptocurrency. It is a platform for creating and deploying smart contracts and decentralized apps (DApps). The Ethereum blockchain verifies and records transactions and supports DApps and smart contracts that may communicate without the need for an intermediary.   Technology Different types of blockchain technology are used by Bitcoin and Ethereum. Bitcoin has a Proof-of-Work (PoW) consensus method in which miners solve complicated mathematical problems to validate transactions and add them to the blockchain. This method demands a significant quantity of computer power and energy. Ethereum, on the other hand, began with PoW but has since switched to a mechanism known as Proof-of-Stake (PoS) with the release of Ethereum 2.0. Validators are chosen to create new blocks in PoS depending on the amount of cryptocurrency they own and are prepared to’stake’ as collateral. It is a less energy-intensive approach than PoW.   Scalability The Proof-of-Work consensus mechanism used by Bitcoin is not very scalable. This means that the network can only handle a certain