Exchange Neteller USD to Bitcoin

The NETELLER Payment Network was founded in 1999, and now it is the fastest and safest way to transfer money online. As the world`s largest independent money transfer business, NETELLER processes billions of dollars worth of transactions each year. Trusted by merchants and consumers alike, their financial services cover more than 160 countries across a broad spectrum of industries and businesses. NETELLER is a brand of Paysafe Group. Being authorised and regulated by the Financial Services Authority in the UK ensures that NETELLER (UK) Limited maintains the highest standards across its business and services around the world. Their industry-leading physical and electronic security measures and Anti-Money Laundering protocols ensure that their members are protected as far as possible from identity theft and fraud.

Bitcoin is a peer-to-peer electronic cash system that uses units of account under the same name. Bitcoins may be used to pay for goods and services provided that the suppliers accept them. There is a mechanism that allows to exchange bitcoins for traditional currencies with the help of special currency markets and exchange offices. On of the major Bitcoin distinctions is that it has no centralized issuing authority. The issuing mechanism can be used by anyone but within strict limits and only by using computational resources of the special hardware that is used to avoid double-spending. The base element of Bitcoin is an open-source code client application. The client applications are peer-to-peer networked with the help of an application layer protocol. For ensuring normal functioning and security of the system, cryptographic methods are used.