Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made
with no middle men, meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are
beginning to accept them: You can buy webhosting services, pizza or even manicures.
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 may 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.
Buy on an Exchange
Several Marketplaces called 'Bitcoin Exchanges' allow people to buy or sell bitcoins using different currencies. Coinsecure is the
largest bitcoin exchange in India
People can send bitcoins to each other using mobile apps or their computers. It's similar to sending cash digitally
People compete to 'mine' bitcoins using computer to solve complex math puzzles. This is how bitcoins are created.
Currently, all miners collectively get rewarded with 25 bitcoins roughly every 10 minutes
Bitcoins are stored in a 'Digital Wallet', which exists either in the cloud or on a user's computer. The wallet is a kind of a virtual bank
account that allows users to send or receive bitcoins, pay for goods or save their money. unlike bank accounts, bitcoin wallets are
owned and controlled by the user itself.
For more information, visit coinsecure.in