Basic knowledge of Bitcoin

Thousands of new cryptocurrencies have been created since Bitcoin was created, but Bitcoin (BTC for short) remains the largest by market cap and trading volume.

Depending on your goals, Bitcoin can be used as an

investment vehicle.

A store of value similar to gold.

A way to transfer value around the world.

Or even just a way to explore emerging technologies.

Bitcoin is a currency that originated on the Internet. Unlike government-issued currencies, such as the dollar or the euro, Bitcoin allows transactions to be made online without the need for a middleman, such as a bank or payment processor. Eliminating these gatekeepers opens up a host of new possibilities, including the potential for faster and cheaper movement of money across the global Internet and giving individuals maximum control over their assets.

Bitcoin is legal to use, hold, and trade, and can be used for everything from travel to charitable donations. Businesses including Microsoft and Expedia accept it as a form of payment.

Is Bitcoin money? It is used as a medium of exchange, a store of value, and a unit of account, all of which are attributes of money. At the same time, it only exists in digital form, with no physical version.