Bitcoin
is a cryptocurrency and worldwide payment system. It is the first
decentralized digital currency, as the system works without a central
bank or single administrator
How
Does It Work?
You
create a wallet on Blockchain,
Coinbase.com, paxful.com
etc then fund it with some bitcoin, just as you will do in a Bank
Account.
How
do I receive Bitcoin to my already created wallet?
When
you create a bitcoin wallet, you will have what is called a bitcoin
address, which is about 34 digits and alphabet combination in a
random form. it normally looks like this
13e4ktmhDWHch4Avyt75XPKSedbRzdK5tj, this is what you copy and
paste, it acts just like a bank account number
Can
I fund my wallet with Paypal, Skrill Or Some other methods?
Yes!
you can do some google search, few sites to use are paxful.com,
localbitcoins.com,
Cubits.com, and so on, these sites
allow you to buy bitcoin with Credit cards, Paypal, Skrill, Neteller
and so on.
How
Do I send Bitcoin?
On
your account, you will see where it says, Send or Transfer Bitcoins,
you will have to copy and paste the address that looks like this "
13e4ktmhDWHch4Avyt75XPKSedbRzdK5tj"
and hit send.
How
Secure is Bitcoin Transactions?
All
bitcoin Transactions are Peer to Peer, this makes it highly secure
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