Bitcoin is controlled by the people as there is no centralized agency. That’s the magic of Bitcoin as it is not subject to the elite governments price manipulation. Bitcoin is a free market dream with no outside governmental interference.
What is Bitcoin?
Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Bitcoin is a new currency that was created in 2009. Transactions are made with no middle men which creates a peer to peer environment. There are no transaction fees. More and more merchants are beginning to accept them: You can buy everything from groceries to diamond rings with Bitcoin.
Why Bitcoins?
Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.
Where can you acquire Bitcoins?
Several marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Binance is one of the largest bitcoin exchanges and is backed by the New York Stock Exchange.
When can you Transfer Bitcoin?
People can send bitcoins to each other at anytime around the globe by simply using mobile apps or their computers. It’s similar to sending cash digitally but with no banks, fees or wire transfers required. Bitcoin never sleeps.
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