Everything about Bitcoins.Long and up to point answer required!!
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Bitcoins in a digital currency which does not have permission in all the country as it will have any loss so you can't blame on any of them to return your money it is a type of fund where you submit your money and the value of that money will increase or decrease in some time the value of Bitcoin fluctuate in small seconds
Bitcoin is actually a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds operating independently of a central bank
Bitcoin is actually a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds operating independently of a central bank
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HI!!
HERE IZ UR ANSWER.
Bitcoin is cryptocurrency or digital currency.It was invented by Satoshi Nakomoto in 2009.
Bitcoins are like normal money only used to buy merchandise anonymously.
HOW TO ACQUIRE THEM??
You can sell or buy Bitcoins using different currencies from marketplaces called as Bitcoin Exchanges.
HOW TO STORE THEM??
You can store them in Digital wallets which exists on either in cloud or on users computer.These r type of virtual bank account.
ADVANTAGES OF BITCOINS
1. Bitcoin makes international payments easy.
2. They make transactions cheap as they r not tied to any country or subject to regulation.
3. You can buy them as investments.
4. No credit card fees involved.
DISADVANTAGES OF BITCOINS
1. It is unregulated, so prone to hacking .
2. Different Malware attacks can result in permanent loss of data.
3. In case you forget ur passwords, its very difficult to restore ur accounts.
4. There is no established framework for recourse of framework to customer problems/disputes etc.
Bitcoin market is increasing at tremendously faster speed.It has passed the mark of $15,000 mark.
RBI has clarified that it has not given any license to any company to operate Bitcoin or any other cryptocurrency.
HOPE IT HELPS!!
HERE IZ UR ANSWER.
Bitcoin is cryptocurrency or digital currency.It was invented by Satoshi Nakomoto in 2009.
Bitcoins are like normal money only used to buy merchandise anonymously.
HOW TO ACQUIRE THEM??
You can sell or buy Bitcoins using different currencies from marketplaces called as Bitcoin Exchanges.
HOW TO STORE THEM??
You can store them in Digital wallets which exists on either in cloud or on users computer.These r type of virtual bank account.
ADVANTAGES OF BITCOINS
1. Bitcoin makes international payments easy.
2. They make transactions cheap as they r not tied to any country or subject to regulation.
3. You can buy them as investments.
4. No credit card fees involved.
DISADVANTAGES OF BITCOINS
1. It is unregulated, so prone to hacking .
2. Different Malware attacks can result in permanent loss of data.
3. In case you forget ur passwords, its very difficult to restore ur accounts.
4. There is no established framework for recourse of framework to customer problems/disputes etc.
Bitcoin market is increasing at tremendously faster speed.It has passed the mark of $15,000 mark.
RBI has clarified that it has not given any license to any company to operate Bitcoin or any other cryptocurrency.
HOPE IT HELPS!!
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