WHAT IS BITCOIN?

WHAT IS BITCOIN?

Bitcoin is a cryptocurrency created in 2009 by an anonymous person called Satoshi Nakamoto. Bitcoin is a currency that leaves no trace in its transactions and is used daily by thousands of people in their payments and transactions. It is a cryptocurrency with which you can do stock trading as you invest and sell on thousands of platforms

WHY BITCOIN?

Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.

BUYING BITCOINS?

Bitcoins can be used to buy or sell in different stock markets. Different cryptocurrencies can be used. To be able to trade with bitcoin you need to have an exchange operator. The best known and one of the most reliable is Coinbase. Security is a factor to take into account when selling and buying bitcoins, as there are people who steal them from different wallets.

Transfers

People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.

Mining

People compete to “mine” bitcoins using computers to solve complex math puzzles. This is how bitcoins are created. Currently, a winner is rewarded with 12.5 bitcoins roughly every 10 minutes.

BITCOIN WALLET?

The bitcoins have to be stored in a digital wallet on the user’s computer or in the cloud of a server.
The wallet is a virtual bank account that allows us to operate with the bitcoins that we have at any time, they also allow us to save money. Bitcoin tickets are not insured by the FDIC.

THE ANOMITY OF BITCOIN?

When you buy or sell bitcoin the names of the people who do it are never revealed, just the ID of your wallet. Not knowing who makes transactions with Bitcoin is the preferred currency for people to buy illegal things.

BITCOIN´S FUTURE IN QUESTION?

About the future of bitcoin nothing is known, in many countries it is a cryptocurrency that is not regulated and has no law about it. You also have to keep in mind that your value goes up and down every day. That is why before operating with Bitcoin you have to be well informed about what we want to do.

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