What is bitcoin & how to use it?

How to Mine, Buy, and Use It 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.

How to buy bitcoin online?

The simplest and easiest way to buy Bitcoin is online through a reliable exchange or through a Bitcoin ATM – there are many of these located around the world.

What is a single bitcoin?

What’s a Bitcoin? A single Bitcoin is one of a 21 million capped supply of bitcoins, the cryptocurrency of the Bitcoin network. Bitcoin (singular and capitalized) often refers to the network, whereas bitcoin (lowercase) is used when referring to the currency itself.

Is bitcoin a good payment option?

Volatility is a word used to describe how much an asset’s price changes over a period of time. In the case of bitcoin, its price can change dramatically day to day – and even minute to minute – making it a less than ideal payment option. For example, you wouldn’t want to pay $3.50 for a cup of coffee and 5 minutes later it’s worth $4.30.