What is bitcoin & how to use it?

How To Mine, Buy, and Use It What Is Bitcoin? Bitcoin (BTC) is a cryptocurrency (a virtual currency) designed to act as money and a form of payment outside the control of any one person, group, or entity. This removes the need for trusted third-party involvement (e.g., a mint or bank) in financial transactions.

How many cryptocurrencies are there?

Not only is Bitcoin (BTC) the first cryptocurrency, but it’s also the best known of the more than 19,000 cryptocurrencies in existence today. Financial media eagerly covers each new dramatic high and stomach-churning decline, making Bitcoin an inescapable part of the landscape.

What are cryptocurrencies?

“Cryptocurrencies” is a term referring to the various virtual currencies that have been developed since Bitcoin was created. The most well-known cryptocurrencies are Ether, Dogecoin and Tether.