Sunday, December 15, 2019

What Is Bitcoin?

What is Bitcoin

Bitcoin is a form of digital currency – a new form of money, essentially – that is tradable throughout the world. It is not an official currency, however, which means that it operates without the involvement of banks or clearinghouse.

Bitcoins can be transferred between individuals or between businesses to pay for goods and services, all without the use of a bank, so the fees for that exchange are lower. Bitcoins do have value and, as such, are subject to taxation just as with cash in your local currency.

Bitcoin Historical Price

This section contains the history of Bitcoin (BTC) price. Feel free to customize the period of time to see the price history for the required time. In the columns there are date, price, volume and change. Date describes the day of the recorded price, price shows the Bitcoin value as of that date, the volume column shows the trading volume of the coin for the current day and the change indicates the percentage change in the coin's price.

Bitcoin Price

What can you do with Bitcoin?

The number of companies accepting bitcoin payments has increased over the last few years. Microsoft and travel website Expedia both take bitcoin, and Icelandic singer Bjork is also accepting bitcoin payments for her latest album. Retailers in Japan can now accept bitcoin payments thanks to a new law passed last year, and small businesses can accept bitcoin payments through simple plugins that add to WordPress websites.
The currency has also found favour in countries experiencing political turmoil like Zimbabwe and Venezuela.

Where to Get Bitcoins

There are only a few ways to obtain Bitcoins:
  • You can purchase Bitcoins at an online exchange
  • You can obtain them from an individual who has them
  • You can accept Bitcoins as payment
  • You can earn them by supporting the process of verifying transactions in the Bitcoin system, called mining.
You cannot make purchases through other platforms, such as PayPal or Dwolla, using Bitcoins because of the potential for fraud. Only Bitcoin-approved exchanges are authorized to sell them. The value of a Bitcoin as of late 2015 is just under $400.

How To Buy Bitcoin

Buy Bitcoin safely on Coinbase, the world's #1 most trusted and easy-to-use crypto platform. Learn how to buy Bitcoin instantly.

Quick Links:
1. How to Make Big Profits in Bitcoin
2. How to Spot Crypto Winners
3. Victory In Crypto

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