What is Bitcoin? Bitcoin was created in 2009 by an unknown person or group under the name of Satoshi Nakamoto bitcoins can be earned by mining and also bought from exchange platforms Bitcoin also allows you to buy stuff physically Bitcoin inherits the characteristics of cryptocurrency due to its decentralization Bitcoin has been widely accepted as a worldwide payment system as there is no intermediary such as financial institution involved Bitcoin can be transferred directly between sender and receiver in a cheaper and faster way sending and receiving can be made easily between two cryptocurrency addresses much like bank accounts more and more vendors and sellers are now accepting Bitcoin as a form of payment being the first ever cryptocurrency ever introduced and one Bitcoin value has soared to an all-time high of more than $19,000 meanwhile more and more cryptocurrency as known as alt coins are being introduced as well Bitcoin is also tradable and exchangeable with other crypto and fiat currencies just as one could trade USD/ EUR, you could trade BTC USD on exchange platforms like Cointify For more educational videos about cryptocurrency log on to our website at wwwico
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