How do I get bitcoin?

You can get Bitcoin by accepting it as a payment for goods and services. There are also several ways you can buy Bitcoin. There are a growing number of services and merchants accepting Bitcoin all over the world. Use Bitcoin to pay them and rate your experience to help them gain more visibility.

What is bitcoin mining?

Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.

What can you do with bitcoins?

Owners of Bitcoins can use various Web sites to trade them for physical currencies, such as U.S. dollars or euros, or can exchange them for goods and services from a number of vendors. Nakamoto was concerned that traditional currencies were too reliant on the trustworthiness of banks to work properly.

What is a bitcoin wallet?

On a practical level, a Bitcoin wallet is a device or program that is used to send and receive bitcoins. The term wallet can be a little confusing for people new to Bitcoin and crypto. A physical wallet is used to store physical currency, however a Bitcoin wallet does not store bitcoins within it. How can this work?