Bitcoin!
What is a
Bitcoin?
A bitcoin is a new kind of digital
currency. Bitcoins were created in
2009. The creator of bitcoins is unknown
he uses a fake name Satoshi Nakamoto.
Bitcoins are untraceable. It allows people to buy merchandise
anonymously.
There is no middle man when it comes
to bitcoins. This means no banks. It allows instant payments person to person
to anybody anywhere in the world without transfer fees.
The values of bitcoins are always
changing much like the stock market.
There are some people who buy bitcoins as an investment in hopes that
the value will go up!
How do you
buy Bitcoins?
First you have to create a bitcoins
wallet. A bitcoin wallet is a website or
program that can hold and share bitcoins.
They also make transactions.
Second find your bitcoin address. After you create your bitcoin wallet login
and click receive coins or it may say receive money. On that page will be your bitcoin
address. Your bitcoin address is 34-36
characters in which it starts with a one.
Third you buy your bitcoin with
cash. To do that you will need to enter
your bitcoin address in the search bar on the Blockchain.info
homepage. This page will show
all of your transactions to and from your address.
