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Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual.
It's like an online version of cash. You can use it to buy products and services, but not many shops accept Bitcoin yet and some countries have banned it altogether.
The physical Bitcoins you see in photos are a novelty. They would be worthless without the private codes printed inside them.
Since 2009, the number of bitcoins mined has skyrocketed. That's the way the system was set up—easy to mine in the beginning, and harder as we approach that 21 millionth bitcoin. At the current rate of creation, the final bitcoin will be mined in the year 2140.
Want to learn how to purchase bitcoin or get bitcoins?
You’re in the right place!
The short answer is:
Find a Bitcoin exchange
Trade your local currency, like U.S. dollar or Euro, for bitcoins
Move your bitcoins into a secure Bitcoin wallet
For the long answer, read this Bitcoin buying guide and by the end you’ll understand these key points:
How and where to buy bitcoin
How to choose the right exchange
How to secure your coins after you buy
How to avoid
How can you pay for the bitcoins? Payment method may be the most important factor.
We're sure you already have a payment method in mind that you'd prefer to use. More on that below.