Each Bitcoin is basically a computer file which is stored in a ‘digital wallet’ app on a Smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain
How Do You Get Bitcoins?
- Buy Bitcoins Online. To buy or earn free bitcoins, you first need to download a bitcoin wallet, which is software that allows you to securely send, receive, and store funds in the bitcoin network. … YOU CAN BUY FROM Jeff Donald Crypto Currency on 806526604
- Buy Bitcoins in Person. If you’d rather buy bitcoins in person, you have four options to choose from:
Bitcoins have value because they are useful as a form of money. … In the case of Bitcoin, this can be measured by its growing base of users, merchants, and startups. As with all currency, bitcoin’s value comes only and directly from people willing to accept them as payment.
Can Bitcoin make you rich?
Today, a Bitcoin is worth over $10,000. … The estimate is that by 2030, one bitcoin will be worth $500,000. It is no coincidence that Bill Gates claims that bitcoins are, in fact, better than money. Bitcoins, however, although they are the most well known, are not the only cryptocurrency on the international scene.
Are Bitcoins safe?
Keeping bitcoin secure
Regular backups of a bitcoin wallet are essential to protect against computer failure, theft and human error, but never store them online, especially if the backup is not encrypted. … Although bitcoin is a purely digital currency, it can be kept secure in analog form.
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Posted by Wonder Planet www.wonderplanet.info