What is Bitcoin?

F
farhad555
Bitcoin is a virtual currency that can only be used digitally.

Just like there are other currencies such as dollars, rupees, etc., Bitcoin is also a type of currency. And, we can't feel these kinds of virtual currencies in our hands and we can't even see them with our eyes.


Hence, Bitcoin is also called as “digital currency”.

However, it can also be called electronic money.

Bitcoin is a type of currency that can only be bought and sold digitally online.

Using this type of digital currency or electronic money, online transactions can be done in various fields.

Bitcoin can only be stored in online wallets.

Moreover, in case of any online bitcoin transaction, these wallet apps or websites must be used.


Because as I said before, “Bitcoin cannot be held in hand and cannot be seen with eyes”.

This type of cryptocurrency can only be expressed through numbers.

Just as the value of 1 dollar abroad in each country is different, the value of 1 bitcoin will be different in different countries.

Now a simple question might be coming to your mind.

image source pexels 

Comments