THINGS TO KNOW ABOUT BITCOIN FOR BEGINNERsteemCreated with Sketch.

in bitcoin •  7 years ago  (edited)

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What is bitcoin- bitcoin is a form of digital currency and world wide payment system without a middle man

TRANSPARENCY- Bitcoin users don't need to disclose or provide sensitive information like their bank account,security number or addresses. All transaction is left in blockchain (public log) and this prevent users from spending the same bitcoin more than once.

PURCHASE- Bitcoin are bought online through bitcoin exchange and private sellers and some of the bitcoin exchange are bitstamp and coinbase etc

HOW TO START USING IT- you don't have to know everything about bitcoin before you start using bitcoin,just install bitcoin app on your computer or smart phone.

COMPANY THAT ACCEPT BITCOIN PAYMENT-there are a lot if companies throughout the world that accept bitcoin as a form of payment e.g etsy vendors etc

WORTH- bitcoin market is worth approximately $7 billion at current market rate and millions of dollars is being traded daily

Bitcoin is growing really fast everyday

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Great article 👍 Thanks for sharing!

Brief and concise information about Bitcoin there! But purchasing sth I dun know everything about like bitcoin is intimidating for me initially