What is Bitcoin?Bitcoin is a worldwide payment system. It is a decentralized digital currency, with a peer-to-peer network. Transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a "blockchain".
Why use Bitcoin?Bitcoin is a faster and cheaper way to transfer money across borders, between users or for simply buying goods/services from a number of retailers and merchants that accept the cryptocurrency as a form of payment.
What wallet should I choose?There is a wide variety of wallets to choose from. With an emphasis on the security, here is the list:
No. 1: Paper wallet. (WalletGenerator, BitcoinPaperWallet)
No. 2: Hardware wallets. (Ledger, Trezor, KeepKey, Case)
No. 3: Bitcoin Core wallet.
(
https://bitcoin.org/en/wallets/desktop/windows/bitcoincore/ )
No. 4: -Software wallet. (Electrum, Jaxx, Copay)
-Mobile wallet (Abra, Airbitz, ArcBit, Bither, Bread)
No. 5: Online wallet. (Blockchain.info)
No. 6: Online exchange. (Coinbase, etc)
Where can I buy or sell Bitcoin?You need to open an account in an exchange. Most exchanges accept payment via bank transfer, credit card, and some accept SEPA and Paypal.
Coinbase, Bitstamp ,Poloniex, Bitfinex, BitPanda are reputable and high-volume exchanges to name a few.
You can also register on platforms such as LocalBitcoins, Bittylicious, BitBargain and BitQuick in order to buy or sell Bitcoins.
Regulations such as know-your-client (KYC) and anti-money-laundering (AML) require verification for account setup that usually include a proof of address and photo ID.
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