First, choose an online Bitcoin Wallet. Any Online Bitcoin wallet can hold Bitcoin and you can acquire it from many different sources with many different payment types. It’s okay to have multiple BTC wallets and it’s practically free to move BTC from one wallet to another. Once you have acquired Bitcoin, transferring your Bitcoin to our account is simple from MyAccount.
What Is A Bitcoin?
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet.
How Many Bitcoins Are Out There?
Once it was released into the wild, the bitcoin currency ecosystem operated on a public, inalterable schedule. We know exactly how many bitcoins there are in existence today (12,446,725) and how many there will eventually be in total: when the 21 millionth bitcoin is minted, the plates automatically self-destruct.
How Much Is A Bitcoin?
Of the 400 or so digital currencies in existence, bitcoin is the best-known and most mainstream. There are 13.1 million bitcoins in circulation (each worth about $600, though like other currencies they're divisible in much smaller units).
What Is A Bitcoin Payment?
Bitcoin is a payment system invented by Satoshi Nakamoto in 2008 and introduced as open-source software in 2009. The system is peer-to-peer; all nodes verify transactions in a public distributed ledger called the block chain.
Information You Need
Bitcoin is different than any currency you’ve used before, so it's very important to understand some key points. Unlike government issued money, that can be inflated at will, the supply of bitcoin is mathematically limited to twenty one million bitcoins, and that can never be changed.