The main topic of discussion of the beginners is that what is crypto currency and Bitcoin. I will also write an article that will make you understand that what is crytpo currency. Now in this topic I am going to discuss what is Bitcoin.
What is Bitcoin?
Bitcoin is a decentralized coin (probably the first coin). It was made by great inventor Satoshi Nakamoto who is also called the father of all crypto currencies. It's current value is 1950.70$. It was first related on 2008.
Why we should use it?
It is one of the best crypto currency. It is used for peer to peer transition i.e. you can transfer your money to any other without any third party. You while going to bank have to give a your whole money to any other person doing in the chair but here you can transfer your money by yourself. In the banks there are a lot of taxes that are imposed but here you only have to pay a little tax compared to the banks. So you must try this coin.
About buying Bitcoin-
Buying in a exchange- you can but the coin in an exchanger site like binance, wazirx etc.
Transferring Bitcoin- you can transfer your coin to another digitally.
Miners- people use to solve mathematical problems in their computers. In this way Bitcoin is produced. Here you can also earn by mining.
Bitcoin wallets- there are different wallet all over the world to store Bitcoin. I recommend you coinbase most. In wallet you can store your coin.
Thank you for reading this post.