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Bitcoin cryptocurrency

Bitcoin cryptocurrency
Photo Credits: Pixabay

What is Bitcoin?


Bitcoin is a Cryptocurrency or we say it is Digital currency which does not exist in a real world but it present. We use Bitcoin to purchase online shopping, pay hotel bills etc.
Bitcoin's invented by Satoshi Nakamoto in 2009. Bitcoin which is also known as 'digital cash' Bitcoin is a first 'Cryptocurrency'it is an international payment network or 'money in internet world'- whatever you want to call.
Bitcoin Cryptocurrency is a revolution that changing the way people think about money.Bitcoin use peer to peer technology to operate with no government, central authority or banks managing transactions and issuing bitcoin.
Bitcoin Cryptocurrency  carried out collectively by the network.Bitcoin is an open source and nobody owns or control Bitcoin
In Bitcoin have two core first is Bitcoin core(BTC) and second is Bitcoin cash(BCH).Bitcoin cash is the latest and upgrading newer version of Bitcoin. Compare to last version it preserves the fast, decentralized, inexpensive qualities of Bitcoin network transactions.

What is Bitcoin Cash?

  •  Fast peer-to-peer transition
  • World payments
  • Low processing fees


Bitcoin Cash (BCH) is a peer-to-peer electronic cash system. This is a consensus network that enables a new type of payment method and a completely digital form of money. It is a decentralized peer-to-peer payment network, which is not a central authority or intermediary operated and powered by its users.

Bitcoin Convert into Real Cash

There are some effective ways to convert bitcoin Cryptocurrency into real money. If you want to turn your bitcoins into real paper money then you need to find a person or a service willing to make a deal. Bitcoin demand exchanging services is increasing globally. 

Online

Find some website who deal in Bitcoin. There are some intermediary website facilitate your connection for a certain fee. There are some online stores which accept bitcoin. You can use this service to transfer your bitcoins for free. To sell your bitcoin currency, you will need to pay some fee for use this service depending on what payout method you chose: 1%-2% for a U.S. bank account, 1% for a Coinbase USD wallet, and 3.75% for PayPal.

Read more about Earn Bitcoins different ways

Bitcoin is legal or not

Bitcoin legality vary from country to country and still undefined. Some of countries make policy related to cryptocurrency like "Bitcoin" its status as money (or a commodity) is illegal to use. While some countries policy allowed 'but it not clear it is legal or not' to use in trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. you can find more here Legality of bitcoin by country or territory.


Read more about Ethereum and Litecoin




Bitcoin cryptocurrency Bitcoin cryptocurrency Reviewed by Nitin Kumar on July 04, 2018 Rating: 5

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