Where to buy Bitcoin in Italy?

Before knowing where you can buy Bitcoins in Italy, let's explain what they are

Let's start with a basic definition: a cryptocurrency is a decentralized digital currency based on the principles of cryptography to validate transactions and generate money . Decentralized means that its issuance is not subject to the control of a centralized intermediary, as is the case with the euro, for example, with the European Central Bank (ECB). To put it simply, a cryptocurrency is an electronic alternative to traditional currencies . Bitcoin, the most famous cryptocurrency, was the first to be accepted for online commerce. Since then, more and more cryptocurrencies have entered the market and are now accepted as a payment method for everything from products and goods to the purchase of other currencies. Cryptography , on the other hand, is the science of securing messages by using a series of algorithms to reversibly or irreversibly transform a text. In the first case, this type of transformation allows the text to be deciphered only by a person who has the appropriate information (thus guaranteeing its authenticity and confidentiality), in the second it guarantees its integrity.

How bitcoins are created

Bitcoin was born in 2009 from the idea of an unidentified creator who uses the pseudonym Satoshi Nakamoto . We've said that bitcoins aren't "printed" by a central bank, so they're not made of paper or metal like the money we're used to. But how is electronic money created? It's a fairly intriguing process, but one that most people without cryptography knowledge struggle to understand. Bitcoins are made of bits , or mathematical calculations. They're completely virtual money, not physical.

Where to Buy Bitcoin in Italy

The exchanges.

Those who regularly purchase bitcoin or other cryptocurrencies do so through authorized exchanges, where they must open an account that can be topped up via bank transfer. The most well-known exchanges in Italy are: InBitcoin and The Rock Trading. To open a virtual account, all you need is an identity document. Once purchased, experts recommend transferring the virtual currency to wallets : in the event of a hacker attack, your Bitcoin is safe.

The ATMs

In Italy, there are dozens of ATMs for purchasing Bitcoin. To buy a Bitcoin, simply insert some money into the ATM and transfer the purchase to your wallet. To buy Bitcoin through Robocoin ATMs , you must register with your ID (just insert it into the ATM to be scanned).

Bitboat

For those without an ATM and only wanting to buy a small amount of bitcoin, the Bitboat website allows you to do so quickly online via Postepay or Jiffypay, or you can pay in cash at a participating retailer. This is the most anonymous and convenient method.