WHAT IS BITCOIN AND HOW TO BUY ,STORE AND USE IT

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WHAT IS BITCOIN ?

Bitcoin is a digital/electronic currency . It is different from traditional currencies as it is stored as a computer file electronically in a computer rather then a currency NOTE . It can be used to buy and sell products  online from different companies and brands which accept payment in BITCOIN. The transactions can be made and the bitcoin can be sent from one user to another or it can be transferred. The transactions are irreversible means once the payment is done or transferred it cannot be reversed. The cryptocurrency transactions are very secure as they uses public cryptography and uses blockchain technology .

The bitcoin is used for trading purpose on exchanges and anyone can trade it to make profit but the Bitcoin fluctuates too much so understanding its fluctuations and patterns is very important. Bitcoin is the most unpredictable coin. 

WHERE TO BUY AND STORE IT ?

Bitcoin is stored in a digital wallet the most famous digital wallets are :

1-BLOCKCHAIN

2-COINBASE

3-ELECTRUM

4-TREZOR

A wallet is just like a bank account where you can store Bitcoin and transfer to other wallets .

You can but bitcoin from an exchange where even one can buy and exchange Bitcoin or other cryptocurrency coins with each other . The most common and famous exchanges are :

1-KUCOIN

2-BINANCE 

3-COINBASE

4-BITTREX

Coinbase is one of the easiest ways to buy, sell, and hold cryptocurrencies, which earns it the first spot on this list. With Coinbase, you can connect to a U.S. bank account and easily transfer dollars in or out of your wallet. You can use those dollars, or transfer in new ones, to buy and sell. In addition to Bitcoin, Coinbase currently supports Bitcoin Cash, Ethereum, and Litecoin. There are constant rumors of additional currencies like Ripple getting support from Coinbase as well.