What is Bitcoin?

Bitcoin is a decentralized crypto-currency that allows for anonymity and privacy. It is not backed by a government. It is not issued by a central authority or corporation. Bitcoins are digital coins that can be sent through the internet through peer-to-peer transactions, without the use of banks or clearing houses. Compared to other alternatives, Bitcoins have many advantages:

  • Bitcoins have little to no fees.
  • Bitcoins can be used in every country.
  • Your account cannot be suspended or frozen.
  • Bitcoins are secure and anonymous.