What is Bitcoin? Bitcoin Simply Explained for Beginners

Introduction of Bitcoin

Where do Bitcoins come from?

Benefits of Bitcoin

  1. It gives you more control over your money. Ideally, no one can freeze your account or confiscate your holdings.
  2. Bitcoin cuts a lot of the intermediaries from the process of transferring money. It means that in numerous cases, using Bitcoin is cheaper than traditional wire transfers or money orders.
  3. Unlike fiat currencies, Bitcoin was designed to be digital by nature, meaning you can add additional layers of programming on top of it and turn it into “smart money”.
  4. Anyone who owns a smartphone and an internet connection can hold a Bitcoin and use it for transactions.

How to buy Bitcoins?

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