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.