As we all are aware of cryptocurrencies running worldwide. We have heard about the word Bitcoin and I believe few people don't know about what Bitcoin really is. Bitcoin is the cryptocurrency that is not made of paper but is a decentralized digital currency. And It's not operated by Central Banks or World Banks.
Bitcoin was invented in 2008 by some peoples with the name Satoshi. Bitcoins can easily be created by mining. They can be exchanged with any other foreign currencies. People also buy Bitcoins as their investment as it's easily available worldwide. Bitcoins can easily be sent from person to person or you can say do the payments easily worldwide.
Bitcoin is not like you are having a coin or something because it's a digital currency. Once purchased it will be stored in a folder in a laptop or computer which is stored in Bitcoin or any other digital wallet. And with your wallet, you can easily do transactions.
Moreover, If you want to convert your bitcoin in cash then it's really simple you can move the amount from your Bitcoin wallet to your bank account or if you want to sell your cryptocurrency you can easily sale those on Kraken or Coinbase.
Unfortunately, there are still few countries where Bitcoin is still not legal but it was legalized in 2020 in the USA, Canada, and United Kingdom, etc.
Very brief and straight to point article. The information is very useful, especially for beginners in cryptocurrency