Bitcoins For Beginners Comprehensive Guide https://visualmodo.com/bitcoins-beginners-guide/ 👨💼💡💸⚙️ #Bitcoin #Beginners #Guide #Explained #Comprehensive
If you want to know what are Bitcoins, how you can get it and how it can help you, without floundering into technical details, this guide is for you. It will explain how the system works, how you can use it for your profit, which scams to avoid. It will also direct you to resources that will help you store and use your first pieces of digital currency. If you are looking for something even more in detail please check out our blockchain courses on bitcoin.
What is Bitcoin?
Even though we have claimed Bitcoin to be a fairly new form of digital currency, it has been in operations since 2009. Invented originally by someone under the alias of Satoshi Nakamoto, it is still unclear who is the exact founder of the coin. Various news outlets including The New York Times, Newsweek, Forbes, and Gizmodo have made different headlines claiming distinct people as being the founder of the coin. Now that we understand that the origins of the creator of Bitcoin are pretty bleak, let’s learn what exactly does a Bitcoin do and how is it different from other forms of digital online currency exchange services?
To begin with, if you have ever made use of digital online currency exchange, you must be aware of the transaction fees charged by these middlemen.
One of the distinctive features of digital currency exchange services is their transaction fees and other charges. The most important aspect of Bitcoins that differentiates it from other digital currency exchange services is that it does not charge any kind of transaction fees.
Bitcoin is an open-source Peer-to-Peer payment service that has done away with any kinds of middlemen transaction fees. You can make use of this crypto-currency to buy anything online and many merchants are beginning to accept this new form of digital currency. Many networks like Purse to buy Amazon products, WordPress eBay, Zappos, Microsoft, Dell, Shopify and more already accept Bitcoins as a form of payment.
Another most important factor of the Bitcoin-system is that using this crypto-currency allows payment allows users to handle their payments completely anonymously.