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Bitcoin uses peer to peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. bitcoin is open source; its design is public, nobody owns or controls bitcoin and everyone can take part. through many of its unique properties, bitcoin allows exciting uses that could not be covered by any previous payment system. Bitcoin is a cryptocurrency created in 2009. marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. companies. The following are some unique properties of bitcoin: bitcoin is global: bitcoins can be sent to someone across the world as easily as one can pass cash across the counter. bitcoin isn't closed on weekends and doesn't impose any arbitrary limits. bitcoin is irreversible: bitcoin is like cash in that transactions cannot be reversed by the sender. in comparison, credit card, popular online payment systems, and banking transactions can be reversed after the payment has been made sometimes. What is bitcoin (btc)? bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias satoshi nakamoto. it was launched soon after, in january 2009. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin. the word bitcoin was defined in a white paper published on 31 october 2008. it is a compound of the words bit and coin.
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Download the wallet. wallets are where your bitcoin live. download the bitcoin wallet on your android or apple device for free. 2. verify your identity. create your purchasing account in minutes by adding your details and verifying your identity. 3. purchase bitcoin. select what you want to buy and pay with debit or credit cards, apple pay, or a bank transfer. Launched in early 2009 by its pseudonymous creator satoshi nakamoto, bitcoin is the largest cryptocurrency measured by market capitalization and amount of data stored on its blockchain. the. Coinbase is a secure platform that makes it easy to buy, sell, and store cryptocurrency like bitcoin, ethereum, and more. based in the usa, coinbase is available in over 30 countries worldwide.
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