Hello!
It's my first post in Read.cash .
Wish you Luck me? 😊Bitcoin, a virtual currency, is slowly gaining credibility. Last week, top billionaire Elon Musk's electric car maker Tesla announced that Bitcoin would soon be used to run the car business. Elon Musk has bought 1.5 billion worth of cryptocurrency Bitcoin.
App-based car service providers Uber and MasterCard in the United States say they are also launching operations on Bitcoin. BNY Mellon, the oldest bank in the United States, says they are also thinking about transacting in digital currency. If anyone has been ignoring Bitcoin for so long, now is the time to show interest in Bitcoin transactions.
What is Bitcoin?
The cryptocurrency Bitcoin was created in 2009 by Satoshi Nakamoto, a Japanese citizen. There are no intermediaries in this virtual currency transaction. Bitcoin you can't use on hand. Because it is a digital currency. Transactions in this currency are not under the control of any bank or government. However, Bitcoin can be traded through the online transaction platform PayPal. Many are considering Ethan Bitcoin as one of the means to invest, which is why the price of one bitcoin has reached a maximum of 48,000 $ this week.
Where to buy bitcoin?
Bitcoin is 100% digital. Bitcoin can be traded from the Bitcoin Exchange Marketplace by exchanging their native currency or dollars. Among them are Coinbase Bitcoin's top exchange platform, Coinmama, CEX.IO and Gemini.
Where to put bitcoin?
Bitcoin can be stored in a digital wallet. Which can be managed through a cloud account or computer. It's like managing a virtual account. But in a bank's financial transactions system, such as the central bank's control and security, virtual accounts do not have that security. So there is a possibility of account being hacked.
Is Bitcoin Safe?
Investing in the cryptocurrency Bitcoin is very risky. For example, in January, the price of 1 bitcoin was 40 thousand dollars. Then it went down to 30 thousand dollars. Then again it reaches 45+ thousand dollars. All the ups and downs happen in a few weeks. Digital currency accounts are much more likely to be hacked. If a hacker tries to hack a server, delete a file or forget the password of someone's account, it means that the account is lost forever and the customer
Bitcoin was created in 2009, so far the crypto market has been able to shake. Hopefully it will improve in the future. Its use in daily life transactions will increase.
Thanks for All...