when i buy crypto who gets the money

Last Updated on September 14, 2023 by Paganoto

Is cryptocurrency real money? Here's an explanation

Is cryptocurrency real money? Here's an explanation

(1) When you buy or transfer cryptocurrency, your money goes into your digital wallet (account) to fund the currency, or virtual tokens, via an exchange such as CoinBase or Gemini. (2) All transactions are verified through a peer-to-peer network of computers that participate in the mining, or verification, process.Mar 22, 2021

To whom does money go when someone buys Bitcoins? – Quora

To whom does money go when someone buys Bitcoins? – Quora

It depends from where you bought the bitcoin. If you buy from an exchanger, the exchanger will get the money. If you buy from your friend by using P2P …

Bitcoin: Where Does All The Money Go? – Seeking Alpha

Bitcoin: Where Does All The Money Go? – Seeking Alpha

If they decided to re-invest in cryptos, the trade process is more or less the same and the new seller has the same decisions to make.

Cryptocurrency: What It Is and How It Works – NerdWallet

Cryptocurrency: What It Is and How It Works – NerdWallet

Being a part owner means you get to participate in its earnings (you’re an owner), while buying tokens simply means you’re entitled to use them, like chips in a …

How to Buy Bitcoin – Investopedia

How to Buy Bitcoin – Investopedia

When you buy bitcoin directly from PayPal, it earns money from the crypto spread or the difference between Bitcoin’s market price and its exchange rate with …

If I buy a bitcoin in USD who gets the cash? [closed]

If I buy a bitcoin in USD who gets the cash? [closed]

All bitcoins are first issued to miners. From there, miners use those coins for trade or exchange. So when you buy a bitcoin with cash, you are buying it from …

How to Buy Bitcoin: A Guide for New Crypto Investors – TIME

How to Buy Bitcoin: A Guide for New Crypto Investors – TIME

Exchanges with more active trading features often use a fee model determined by market price fluctuations, known as maker-taker fees. If you buy …

I bought $250 in bitcoin. Here's what I learned – CNN Business

I bought $250 in bitcoin. Here's what I learned – CNN Business

Yes, the technology behind it. Bitcoin is built on the blockchain, a public ledger containing all the transaction data from anyone who uses  …

What Is Bitcoin? How Does It Work? – Forbes Advisor

What Is Bitcoin? How Does It Work? – Forbes Advisor

Exchanges allow you to buy, sell and hold cryptocurrency. Setting up an account is similar to opening a brokerage account—you’ll need to verify …