Bitcoin can be defined as a digital currency that has been on the rise in recent years. It was invented in 2008, and it has since grown to become one of the most popular cryptocurrencies.
Bitcoin btc can be used for online purchases and carry out transactions anonymously and securely. Since it is a digital currency stored in a digital wallet, you can also send it to others and use it for trading.
This article will explore the following topics:
1) What is this digital currency?
As stated earlier in the article, it is a cryptocurrency. It can be used to make purchases and transactions anonymously while also protecting your privacy. It’s kept in bitcoin wallets, like virtual bank accounts that you can use to make trades or send bitcoins to other people.
2)How does it work?
You can use this cryptocurrency to buy things, send money to people or businesses that accept it as a payment form of currency, and trade with other holders of BTC. It’s stored in a digital wallet on your computer or phone, which you access by a unique key code. The benefit of this is that you can sell and send money directly without any intermediary like a bank.
3)Where can you buy this cryptocurrency?
Since it is decentralized, there’s no bitcoin bank to go to. You can buy them from online exchanges or even directly from people via marketplaces. Several companies sell them and online platforms.