1 Bitcoin = loading... USD
What is bitcoin ?
You can do electronic payments with bitcoins:
- Via the Internet
- From person to person
- For almost nothing
- Within a few minutes ,
- As anonymous as you want it yourself
- Just as easily as you send an email
- Without the intervention of a bank or other entity .
To put it simply : bitcoins are digital money and so you can use them just like you would do with euros or dollars . You can buy goods with it , they mutually exchange , they received in exchange for a service , it speculate or exchange them again for example euros. And these are just a few of the almost innumerable applications .
Bitcoin is the first digital currency that is completely decentralized set up, which means no banks or other authorities to be useful to exchange bitcoins . The bitcoin network consists entirely of other users , like you , use bitcoins . This decentralized structure , combined with strong encryption , bitcoin is a safe and free currency .
(Almost ) no transaction costs
If you pay with bitcoins there is no middleman , transaction costs are minimal or nonexistent if you want. There are no long waiting until money has been transferred and Bitcoins are ( almost) infinite severable , so you can one – thousandth of one bitcoin bitcoin transfer .
Anyone can buy unlimited bitcoins , sell , accept, and you can even make ! Sending bitcoins is as easy as sending an email , all you need is a bitcoin address and an active internet connection. There are no restrictions or conditions attached to the use of bitcoin !
The bitcoin protocol is open source , meaning that anyone can understand and contribute . Open source makes it free of charge and free to use by everyone .
Tips for new bitcoin users
- Bitcoin is still in its infancy , make yourself aware of all the opportunities and all risks associated with Bitcoin.
- Always Encrypt your wallet with your Bitcoins .
- Make regular backups of your wallet and / or private keys .
- Take special care with online Bitcoin services , put not too much money.
- Always use different complex passwords for all your accounts.
- The Bitcoin exchange rate fluctuations between can be severe , take that into account .
- A Bitcoin payment is irreversible , always check the details when you make a payment.
Bitcoin and Bitcoins ?
Now you may think, there is Bitcoin and there are bitcoins , what is the difference ? Bitcoin is to bitcoins as email is to emails. Bitcoin is the protocol which makes it possible to send and bitcoins value , the actual value units which are transmitted in a transaction.