Bitcoin is known as a cryptocurrency or digital currency. It is money online. Like any other currency, you can exchange it for other currencies (for example, buy bitcoins in US dollars or vice versa), and also fluctuate about other currencies.
However, unlike other currencies, they are decentralized, which means that no central bank, country, or government is responsible for them. This means that they are not subject to abuse by the government or the central bank.
Most people think that Bitcoin is entirely anonymous. But actually, it is not anonymous – it is more privates. Bitcoin transactions that are made on Block-chain.
However, your name and credentials are not displayed behind the transaction. Each transaction is associated with a heading – a string of text and letters. So, although people can see your address, it’s impossible to associate this address with you.
Many people who don’t like to spy on their banks (or tell them how much money they can or cannot transfer) love this privacy feature.
Unlike credit card fees, bitcoin transactions cannot be undone. Therefore, if you send Bitcoin to the wrong address, you will not be able to restore it. Get the best Bitcoin at a reasonable btc price.
Also, there are many stories from people who lost the name of the Bitcoin wallet (due to hacking, theft of the phone, computers infected with the virus, etc.) and ultimately lost the coins. There is no method to return them.
If you decide to buy, take your time and explore your options. Do not buy only from any seller. Some of them are trustworthy and do a great job. But other things will cost you, and you will not be able to hand over your coins.
Be safe, and do your research first. To find a reliable seller with an excellent reputation is a lot of them. And remember the golden rule here – never invest more than you can afford to lose.
