What are bitcoins used for?

Bitcoins can be as an investment, expecting that their value will appreciate significantly in future. Bitcoins can be used to gamble on online sites like SatoshiDice, RoyalBitcoin, Bitzino, Peerbet, etc. Bitcoins are being used to shop online as increasing numbers of vendors are allowing bitcoin transactions.

How do I use Bitcoin?

To use your Bitcoin, you need to have a cryptocurrency wallet. Wallets hold the private keys to the bitcoin you own, which need to be entered when you're conducting a transaction. Bitcoin is accepted as a means of payment for goods and services at many merchants, retailers, and stores.

What is Bitcoin (BTC)?

Sponsored by What's this? What Is Bitcoin? Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions.

What is bitcoin mining?

Bitcoin mining is the process of adding new transactions into circulation. Bitcoin miners use software that accesses their processing capacity to solve transaction-related algorithms. In return, they are awarded a certain number of bitcoin per block.