— Top nav — News – Companies – – Exchanges – – Merchants – – Wallets – – Investors – – Funding – Technology – – Mining – – Bitcoin Protocol – – Bitcoin ATMs – – Altcoins – – Cryptocurrency 2.0 – Regulation – Events – BitLicense – Prices – Crime – – Silk Road – Features – – Opinion – – Data Analysis – – Reviews Price & Data – Bitcoin Price Index – Bitcoin Venture Capital – Bitcoin Network Statistics – Bitcoin Calculator – About the BPI – Bitcoin ATM Map – CoinDesk API – Bitcoin Price Ticker Widget Guides – What is Bitcoin? – Why Use Bitcoin? – How Can I Buy Bitcoins? – How to Buy Bitcoin in the UK – How to Store Your Bitcoins – What Can You Buy with Bitcoin? – How to Sell Bitcoin – How to Accept Bitcoin Payments – How do Bitcoin Transactions Work? – Is Bitcoin Legal? – Who is Satoshi Nakamoto? – How Bitcoin Mining Works – How to Set Up a Bitcoin Miner – What are Bitcoin Mining Pools? – How Does Cloud Mining Work? – Calculate Mining Profitability – How to Make a Paper Bitcoin WalletHere 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 whereBitcoin 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 paymentLast updated: 17th February 2015 This year has been something of a watershed, with a number of merchants – some of them retail giants with billions of dollars in revenue – deciding to accept bitcoin in exchange for goods and services. Many of them are online e-commerce sites, but an increasing number of bricks-and-mortar stores are also now accepting cryptocurrency. While in the past trying to find a bitcoin-accepting merchant for the item you want was often tricky or even impossible, there are now growing options for people who don t wish to pick their way through hundreds of listings just to find products vaguely approximating those they want. The best way to find bitcoin-accepting merchants is via marketplaces and aggregator sites that gather large numbers of supporting establishments together at once. CoinMap.org also offers a visual way to locate bitcoin stores in any geographical area, and new businesses are appearing all the time. However, CoinDesk has summed up some of the moreHow to Use Bitcoin Two Methods:Using Bitcoin as an Individual Using Bitcoin as a Merchant Bitcoin is the first digital currency to cut out the need for the middleman. By avoiding banks or payment processors, Bitcoin is a decentralized worldwide market that only requires you have an Internet connection to participate. While it s still experimental and expanding, Bitcoin is considered by many to be the wave of the future. To get started, either as an individual or as a business, see Step 1 for more information about Bitcoins.
Get some Bitcoin. Now that you ve got everything set up, great, but how do you get bit coins to spend? There are several options available to grow your wallet and acquire more Bitcoin to spend. While the system is somewhat unpredictable and still experimental, they seem to be appreciating in value, making Bitcoins a unique opportunity. You can earn Bitcoin in several ways. To purchase Bitcoin, it s helpful to visit a database of Bitcoin marketplaces, like this one.What is Bitcoin? It s a decentralized digital currency; Why Use Bitcoin? It s fast, cheap to use, and secure; How Can I Buy Bitcoins? From an exchange or anWhat 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 volatilityWith the Bitcoin price so volatile everyone is curious. Bitcoin is extremely complicated and no one definition fully encapsulates it. By analogy it is like being able to send a gold coin via email. It is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin was the first practical implementation and is currently the most prominent triple entry bookkeeping system in existence. Who created Bitcoin? The first Bitcoin specification and proof of concept was published in 2009 by an unknown individual under the pseudonym Satoshi Nakamoto who revealed little about himself and left the project in late 2010. The Bitcoin community has since grown exponentially.
Satoshi s anonymity often raises unjustified concerns because of a misunderstanding of the open-source nature of Bitcoin. Everyone has access to all of the source code all.