Here you will find answers to the most commonly asked questions. Bitcoin is a distributed peer-to-peer digital currency that can be transferred instantly and securely between any two people in the world. It s like electronic cash that you can use to pay friends or merchants. Bitcoins are the unit of currency of the Bitcoin system.
A commonly used shorthand for this is “BTC” to refer to a price or amount (e.g. “100 BTC”). There are such things as physical bitcoins, but ultimately, a bitcoin is just a number associated with a Bitcoin Address.
A physical bitcoin is simply an object, such as a coin, with the number carefully embedded inside.
See also an easy intro to Bitcoin. There are a variety of ways to acquire bitcoins: You can buy bitcoins from Coinbase, Cubits, BIPS Market or Celery .
Accept bitcoins as payment for goods or services. The most common way to buy bitcoins are the Bitcoin Exchanges Visit bitcoinx.io for peer-to-peer ratings and reviews of bitcoin exchanges to see whereWhat is Bitcoin? Who created Bitcoin? Who controls the Bitcoin network? How does Bitcoin work? Is Bitcoin really used by people? How does one acquire bitcoins? How difficult is it to make a Bitcoin payment? What are the advantages of Bitcoin? What are the disadvantages of Bitcoin? Why do people trust Bitcoin? Can I make money with Bitcoin? Is Bitcoin fully virtual and immaterial? Is Bitcoin anonymous? What happens when bitcoins are lost? Can Bitcoin scale to become a major payment network? Is Bitcoin legal? Is Bitcoin useful for illegal activities? Can Bitcoin be regulated? What about Bitcoin and taxes? What about Bitcoin and consumer protection? How are bitcoins created? Why do bitcoins have value? What determines bitcoin’s price? Can bitcoins become worthless? Is Bitcoin a bubble? Is Bitcoin a Ponzi scheme? Doesn t Bitcoin unfairly benefit early adopters? Won t the finite amount of bitcoins be a limitation? Won t Bitcoin fall in a deflationary spiral? Isn t speculation and volatilityWant More? Trade like a Pro with our online exchange Register now and start trading You can now trade Bitcoin and other altcoins such as Litecoin, Peercoin, Dogecoin and many others on our fully featured exchangeOur primary goal is to make the exchange of bitcoins with Western Union and MoneyGram - fast, cheap and secure. We re trying to support the development of this type of virtual currency and help YOU be part of the digital revolution which can alter the world financial system forever. What is bitcoin Bitcoin is the first digital currency, which enjoys certain characteristics not common to any other currency, currently known to mankind. For more information check out the official Bitcoin website:Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous paymentNationality: Thai Afghan Albanian Algerian American Samoan American; USA Andorran Angolan Anguillan Antarctic Argentinian Armenian Aruban Australian Austrian Azerbaijani Bahamian Bahraini Bangladeshi Barbadian Belarusian Belgian Belizean Beninese Bermudian Bhutanese Bolivian Bosnia and Herzegovina Botswanan Brazilian British Bruneian Bulgarian Burkinabe Burmesse Burundian Cambodian Cameroonian Canadian Cape Verdean Caymanian Central African Chadian Chilean Chinese Colombian Comorian Congolese Costa Rican Croatian Cuban Cypriot Czech Danish Dominican East Timorese Ecuadorian Egyptian Emirian Eritrean Estonian Ethiopian Faeroese Fijian Finnish French Gabonese Gambian Georgian German Ghanaian Gibraltarian Greek Greenlandic Grenadian Guadeloupean Guamanian Guatemalan Guernsey Guianese Guinean Guyanese Haitian Honduran Hong Kong Chinese Hungarian Icelandic Indian Indonesian Iranian Iraqi Irish Israeli Italian Ivorian Jamaican Japanese Jordanian Kiribatian Kuwaiti Kyrgyz Laotian LatvianBuy and sell Bitcoins How does it.