Since Bitcoin is not a fiat currency or legal tender, it can’t be saved in a bank. Any financial institution or the government does not regulate it but relies mainly on peer-to-peer technology.īitcoin is a digital currency or online money, that was the first to be utilized for payments and financial activities. What is Bitcoin?īitcoin is decentralized digital money that may be sent from one user to another on the peer-to-peer bitcoin network without the need for an intermediary.īitcoin was the first digital currency launched in 2009 by a person or group of persons known as Satoshi Nakamoto. We’ll also give you a review of some of the best Bitcoin wallets out there to aid you in making a better decision. Read through. It might be a little difficult to select the best for you therefore, in this article we’ll explain what Bitcoin wallets are and why you need them. There are a lot of crypto wallets out there each with its own benefits and downsides.
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