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What is Bitcoin

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What is Bitcoin

What is Bitcoin

What is Bitcoin

What is Bitcoin?

Bitcoin is the most popular digital currency. It is a cryptocurrency, with transaction verification secured by cryptography.

It is a decentralized currency. No government or business has the power to print more or confiscate any Bitcoin anyone owns. It is open source so no single person controls it.

You can own Bitcoin, sending/receiving it without any middle man such as a bank. You can send it directly to another person via any Bitcoin wallet. It is like a digital cash.

What gives Bitcoin value?

Bitcoin cannot be faked.

You cannot create a counterfeit Bitcoin. A large decentralized network of computers that anyone can join, verifies each Bitcoin is real and verifies each transaction.

Turn into Dollars.

You can instantly turn your Bitcoin into dollars to spend in your bank account. Bitcoin is traded like a stock where there are buyers/sellers always available. There are 100s of websites where you can turn buy Bitcoin or sell Bitcoin to receive cash instantly. You can also spend your Bitcoin with Bitcoin Debit Cards.

Billions in Investments.

From small startups to well known global banks, billions have been invested in the infrastructure of Bitcoin with no sign of stopping. This gives Bitcoin more utility, more ways to buy, save, spend, invest, and use resulting in an ever growing community of Bitcoin holders.

Limited Supply

There is a fixed amount of Bitcoin, no more than 21 million Bitcoin will ever be created. With normal currencys, governments will print more money decreasing the value of existing money. With Bitcoin, no one can ever print more.


Bitcoin has decimals so you can transfer less than a single unit. This also allows you to purchase a fraction of a bitcoin, as little as $1 worth or even earn bitcoin through EarnBitcoin.net for completing tasks.

NEXT: Bitcoin Terminology

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