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Celebrities That Support Cryptocurrency

There are many public figures and celebrities that have started endorsing cryptocurrencies and many of them are owners of Bitcoins and other such digital currencies.

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Support Cryptocurrency

Till very recently, cryptocurrencies had not appealed substantially to the ordinary people as it was predominantly the engineers, entrepreneurs, and developers who had been investing and trading in these. But, the 2017 Bitcoin bubble changed things as cryptocurrencies began to escalate in value. So, millions of people started to buy shares and install mining farms. The Bitcoin price value kept falling throughout 2017, but experts are hopeful that 2020 will prove to be a good year for the currency.

Some many public figures and celebrities have started endorsing cryptocurrencies, and many of them are owners of Bitcoins and other such digital currencies. Below is provided a list of some of these celebrities supporting the Bitcoin:

Celebrities That Support Cryptocurrency

  • Bill Gates is the founder of Microsoft, and in 2014, showed keen interest in the world of cryptocurrency, according to an interview with Bloomberg. While Gates may have had some reservations concerning the Bitcoin, he remains one of the most well-known celebrities in favor of it. A reason why he supports it is that, unlike other currencies, with Bitcoin, you do not physically have to be in the same location. For larger transactions, Bitcoin, he feels, is better than regular currencies that can be quite inconvenient. Automated bitcoin trading apps are getting good recognition among top-level investors in spite of widespread rumors like bitcoin era truffa or fraud in the cryptocurrency market.
  • Snoop Dogg has been selling many of his albums with Bitcoins since 2013; this goes to show he is in favor of the cryptocurrency. According to reports, this artist also showed up at the XRP Community Night party in honor of the XRP cryptocurrency.
  • Ashton Kutcher is a well-known Hollywood star investing in UnikoinGold together with Mark Cuban, a billionaire. The actor is known for having invested in Airbnb, BitPay, and Uber earlier.
  • Lionel Messi, the world-famous football star has become a brand ambassador for Sirin Labs, an Israeli company since 2017. This enterprise has come up with the world’s first crypto-smartphone which is being endorsed by Messi.
  • Elon Musk, erstwhile CEO of Tesla, may deny that he owns Bitcoins but confesses that he did get BTC from his friend as a gift.
  • Floyd Mayweather Jr. is the famous American boxer who has become an ambassador of the Stox cryptocurrency project that focuses on market analysis, and DJ Khaled has joined him in this.
  • Mel B, one of the Spice Girls, sold her Christmas single in 2014 in exchange for the Bitcoin. She entered into a partnership with a cloud mining company in London called Cloud Hashing and has become the world’s first performer to sell her music for BTC.
  • Jennifer Lopez, Madonna, Lady Gaga, and Kelly Joyce are all popular women vocalists who accept payments in BTC. The biggest reason is that these stars can get net profits without taxes, as these will not be charged in cryptocurrencies.
  • Hugh Laurie, the British actor, was not too keen about cryptocurrencies till four years back. But he started to invest in the Bitcoin in 2015 on the advice of a friend at a time when the prices were skyrocketing.
  • Mike Tyson had predicted that cryptocurrencies were here to stay and he not only invests in the Bitcoin, but also produced Bitcoin ATMs that had his face tattoo for branding.
  • Pitbull is a well-known singer who began investing in the Bitcoin in 2012. In 2018, he further announced that he would set up the Smackathon in collaboration with eMerge Americas. The Smackathon is a cryptocurrency for revolutionizing payments inside the music industry.
  • Gwyneth Paltrow is a popular British actress who has publicly shown her support for cryptocurrencies. Incidentally, she was the face of the Bitcoin wallet Abra and became an advisor from 2017. She regularly shares articles on Twitter about ways to invest and the basics of the Bitcoin.

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Bitcoin

Buying Bitcoin: The Key Steps

When it comes to buying bitcoin, you need to know a few key steps involved in it, which we can check in the following ways, while you have an option of exploring the same on sites like bitcoin trading tools.

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Become a good CFD trader using bitcoins

Putting your money in Bitcoin can be a complex process. However, it can become simple when you further break down the same into steps. Thus, with the passing day, it has become simpler for the investors. Thanks to the way the exchanges have become legitimate and a growing number of wallets have become feasible in the next few days. Before you plan to buy BTC, you need to prepare yourself for getting savvy on the internet and get linked with platforms backed with some secured connection.

Then, it comes to owning your wallet apart from having an exchange account. When it comes to buying bitcoin, you need to know a few key steps involved in it, which we can check in the following ways, while you have an option of exploring the same on sites like bitcoin trading tool.

1st Step – Select the best Exchange

The first step towards buying bitcoin is to sign up at any digital currency-based exchange, which can further buy, sell and have digital coins. For these people, checking for the trade-in BTC or any other digital currencies is an important feature to note. Such exchanges usually operate autonomously and are generally decentralized, so they do not have any central PoC.

Though such systems use certain weird activities, these are typically employed to give you away from good services. It is often a good idea to use a business that helps the users withdraw their digital currency to their different personal online wallets to keep things safe.

2nd Step – Connecting with your Exchange with a Payment choice

The moment you have chosen any exchange, you are supposed to collect your documents. It would depend upon the kind of Exchange you have chosen and the number of pictures you have put across with the driver’s license or the SS number, along with the other info regarding the source of funds.

This information would help you rely on the reality you could live in and have the same laws. This process remains very much similar to the typical brokerage account. However, this same information can help you rely on any region, which can live up to the expectations of the laws.

Inside Bitcoin is a good trading platform

3rd Step – Place the Order

Once you have zero in the Exchange and remain connected with the chosen payment option, you are now supposed to buy BTC or any other virtual currency. In recent years, digital currency-based exchanges have had a slow amount of info regarding the mainstream. However, these tend to grow in a big way with a more significant amount of liquidity and critical features.

The various operational changes at digital currency exchanges can act parallelly and then even change the perspective of digital currency. With an industry, one can find too many scams and questionable practices that move ahead into a legitimate one that further draws the interest of different players, as seen in the various financial service industries.

4th Step – Storing the Coin

The best way to do this is to rely on wallets. Mainly BTC and digital currencies-based wallets are the best places to store different digital assets more securely. With Cryptocurrency based outside the Exchange, one can find specific personal wallets that would give you security and proper control over the keys seen in your funds. It can offer you the capability to store enough funds and carry out the Exchange and thus even avoid the risk one can find on your Exchange and then get hacked while losing the funds.

Although most exchanges cater to the investors’ option of availing their wallets, this security can be a big question to ask. The experts often avoid using these wallets or go for long-term digital currency holdings. One can find too many capabilities involving the altcoins in some wallets that come up with several features. For example, some of these wallets offer the ability to swap over one token to another.

Wrapping up

Bitcoin is one of the oldest and highly valued digital currencies in the Cryptocurrency world. It is the key reason why more and more people are getting attracted to it. These are some of the critical steps involved in procuring Bitcoin or any Cryptocurrency. Try them all while you plan to invest in BTC or any other Cryptocurrency.

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