What is Bitcoin

Bitcoin is money; thus it can be used to buy anything from airtime, groceries, fuel, movie tickets, clothing, cars, houses, air tickets, etc. Basically anything that can be bought with conventional fiat money can be bought with bitcoin. The only difference is that bitcoin transactions are very cheap and almost instant as the transactions are peer-to-peer. In addition, bitcoin has no boarders which means it be used in any country without the need to convert from one currency to another. It is therefore an international currency. If you feel like, you can convert your bitcoins to any currency at any cryptocurrency trader. There are several cryptocurrency traders online nowadays in every country. It is thus very convenient to have bitcoins as it is very easy to work with them anywhere in the world.

Bitcoin is a payment platform that is accepted everywhere in world. We have always known of Visa, MasterCard, etc as payment platforms. Because bitcoin is peer-to-peer based, it does not need intermediary payment platforms like the ones mentioned. It is a stand-alone payment platform that has lower charges and transactions are almost instant. Due to transactions being verified by thousands of Blockchain computers and listed on the public ledger, the Blockchain, it is the most reliable and transparent payment system. There are no hidden costs. This is because everyone has access to the Blockchain; hence can check any transaction done anywhere in the world regardless of its value, by using the transaction ID.

There is no limit in the amount of bitcoin one can transact or send from and to anywhere in the world. The transaction takes a few minutes as the verification is first done on Blockchain compared to days or even weeks when money is sent using the conventional financial system. Anyone can open a bitcoin wallet and start transacting in bitcoin; all one needs is a cellular phone or computer with internet. No ID or proof of residence or proof of income is needed to open a bitcoin wallet. As a result, a lot of people restricted from having banking accounts can now have the freedom of becoming their own banks by opening bitcoin wallets. This results in the number of people using bitcoin increasing, driving demand up. With only a finite number of bitcoins available, the supply and demand rules apply and causes the value of bitcoin to skyrocket. This has been witnessed over the years since bitcoin was invented.

Bitcoin is a store of value, so instead of keeping your money in investments or in terms of commodities like gold or property, one can keep it in the form of bitcoin or other cryptocurrencies. This way, one is guaranteed of appreciation in value of their investments at a rate that can never be matched in any investment plan.

How do you get your hands on this valuable commodity? Trading with bitcoin depends on the buying and selling prices for one to be sustainable/profitable. Accepting bitcoin as a form of payment is only limited to those who own businesses and not all people have bitcoins to buy with. The best way to obtain bitcoins is to mine them daily.

Join AWS Mining and see how easy and cheap it is to earn bitcoins or other cyrptocurrencies daily. This is your opportunity to earn residual income while you continue with your other everyday businesses. You will basically make your money while you sleep. AWS Mining accommodates everyone by selling contracts ranging from as little as $40 to large contracts worth $1 million. Click https://awsmining.com/register/Bekesto2 to join and start earning. There is no waiting period, no maintenance fees and no monthly fees; just earn daily.