What is Bitcoin beginner?

If you're also wondering what Bitcoin is, this article will be a great starting point. Bitcoin is a cryptocurrency and payment system that functions without the need of a central bank. It was created to establish electronic transactions securely and to store money without being tampered with.

Basically, Bitcoin works in the same way cash does except it's digital so you can use it even without physical money . And because Bitcoins don't have any physical form, they are immune to counterfeiting which makes them an excellent alternative for those who want to transact anonymously.

So what is Bitcoin and how do you get it? To get started with Bitcoin, you first have to buy it. It's very easy to buy Bitcoins. There are many options to choose from including localBitcoins.com, BitQuick.is and Local bitcoins USA where you can trade cash for Bitcoins. And all of them offer great methods for US-based customers unlike exchanges that charge a lot of fees in order to process every transaction .

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To start your adventure with Bitcoin, you first have to use a bitcoin wallet which is a program used to manage the bitcoins you own. You can choose from many different wallets out there and some of them are MultiBit, Electrum and Armory. If you're not sure what wallet to choose, it's recommended that you go for Electrum or Multibit as they are an excellent choice for beginners.

And once your wallet is in place, the next step would be to buy Bitcoins. You can buy via a wire transfer or credit card. Once your payment is confirmed, your Bitcoins will be sent to your wallet instantly.

If you're not satisfied with the way you can buy bitcoins, there are other ways for you to get these virtual coins. You can earn them by using your PC's power to solve complex math problems . This process is called mining and it helps maintain the decentralized network that allows Bitcoin to work .