Bitcoin is a digital currency that is controlled by no central authorities or banks. Users can regard it as cash on the Internet. Bitcoins, unlike USD and Euros, exist only in electronic form, are created by people and organizations managing computers around the world, using software that solves mathematical problems. Here is some additional information about Bitcoin: bitcoin.org/en/faq
They are not. Even though their names are very similar, Bitcoin Cash(BCH) is a different cryptocurrency. Bitcoin Cash (BCH) has it’s own blockchain and it’s own exchange rate. Please always make sure to pay for your order in Bitcoins (BTC). Do not make any payments in Bitcoin Cash (BCH). Your funds will be irrevocably lost !!
It’s anonymous, it requires significantly less time(5min-30min) than wire transfer or Western Union/Money Gram where the money can clear between hours to days, it’s not controlled by a bank or government so your transaction can not be blocked or denied, 7/27 available which means you can send your money anytime and it’ll be collected right away.
A lot of exchanges on the Internet provide you with a possibility to buy bitcoins for $$$ or your local currency through the convenient payment methods (Visa, MasterCard, PayPal, etc.). Please note that user verification will be required by that majority of the resources below before buying bitcoins according to certain federal/state regulations. This procedure is formal and is carried out just once (when creating an account).
Please note that we have no affiliations with the following websites. The following list is for informational purpose only.
Coinbase, Binance US, Coinmama, localbitcoins, Robinhood
In your wallet, just like your paper money. With one difference: your bitcoins are collected in your wallet software available for almost all operating systems. Alternatively, you can have a hardware wallet or an online wallet as well. However, you should be careful with all the info provided. In case you miss or eliminate your wallet-file and don`t have any backup or recovery info you will lose your money. The full list of official wallets for all platforms can find here: bitcoin.org/en/choose-your-wallet
Can somebody steal your physical wallet from your pocket? Just as you take care of your physical wallet and your paper money and your credit cards you must take care of your Bitcoin wallet. Have a strong password, store the recovery keywords in a safe place etc.
Microsoft, Overstock, Expedia, NewEgg, Shopify, to name a few. An updated list can be found here: https://usethebitcoin.com/list-of-online-stores-accepting-bitcoin/
Buy Bitcoin as necessary. Do not keep large amounts of Bitcoin in your wallet unless you do that for investment purposes. It can go up (i.e. late 2017 or late 2020) or go down.