Using BITCOIN - What is Bitcoin and How Bitcoin Works

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Information about Using BITCOIN - What is Bitcoin and How Bitcoin Works

Published on February 26, 2014

Author: whatispedia


Description - Bitcoin is a peer-to-peer digital form of currency (digital coins) you can send and receive directly through the internet without a central, controlling, third party authority.

Advantages of Bitcoin to people wishing to purchase online using Bitcoin:

=Any fees associated with Bitcoin transfers lower.
=It is 100% anonymous and virtually untraceable.
=Bitcoins can be used in any country.
=Your account can't be frozen.
=There are no prequisites or limits.

Advantages of Bitcoin for merchants or people selling things online:

=You introduce your business to a whole new market of Bitcoin users.
=There are never any chargebacks.
=Fees are low at about 1%.

See the full article WHAT IS BITCOIN -
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