Cryptocurrency: bitcoin, user manual

Cryptocurrency, Bitcoin: What is it?

Cryptocurrency is simply a virtual, completely electronic currency without part or ticket.It does not exist physically, is not controlled by any state and no bank.This technology is based on a blockchain or chain of blocks, which can store and issue information decentralized and secure, without control organ.Bitcoin, created in 2009 following the financial crisis, is the best known and used cryptocurrencies.

Who makes Bitcoin?

At the four corners of the world, a community of Internet users, called "minors", operates mining thanks to overpowering computer equipment.In other words, they are responsible for carrying out calculations for the Bitcoin network to accept transactions and secure them in exchange for tokens of this virtual currency.They then have the possibility of converting their bitcoins to fiduciary currency or exchanging them for other cryptocurrency.

How to buy bitcoin?

To buy bitcoins, just open an account on a cryptocurrency exchange platform.You can then buy your bitcoins using your credit card or by bank transfer.Take piratages station and be sure to place your winnings on a disconnected wallet.To avoid errors and traps, find out about crypto news.

What can we buy with bitcoin?

The difference with traditional currencies?Bitcoin is more volatile.There is indeed any control body to determine and control prices.The value of the bitcoin therefore evolves according to the market.The price can then increase or decrease suddenly.

Originally, Bitcoin was used for Dark Web.Also called underground web, this organization brings together illicit activities such as the sale of drugs or weapons.In recent years, Bitcoin has been democratizing to the point that certain large ready-to-wear or catering companies now have accepted this virtual currency.

Cryptocurrency: the advantages

Independence: free yourself from the constraints of credit card or overdraft ceilings, cryptocurrency exchanges take place without financial intermediary.

Avoid transaction costs: when buying Bitcoin, transaction costs are lower compared to a conventional purchase.Indeed, when you carry out a Bitcoin transaction, costs of only 1% apply against 3% on a classic operation.An asset that makes this technology more competitive than conventional banking services.

Bitcoin has a history: it is possible to trace the history of a transaction made with bitcoin.Conversely, it is impossible to make traceability on a classic ticket.

Invest in bitcoins: prudence!

Investing in Bitcoins has risks such as a sudden collapse of courses.It is for this reason that, as for a conventional investment, you must assess your Bitcoin purchase capacity in order to invest a sum of which you will not have the utility in the moment.