Why use Bitcoin
You must be thinking why on the earth people should use bitcoins? Well answer is simple and easy but straight to the point. bitcon is safe, secure, easy to use, less transaction cost, no middleman, worldwide accepted by major retailers.
Bitcoins are getting popularity among retailers and online sellers to accept bitcoins along with major currency due to less transaction cost.
If you are thinking to accept bitcoin for your business then its wise to open an account with bitcoin wallet online and start accepting bitcoins from your customers and increase your profitability.
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How to store your Bitcoins
This is million dollar question How to store your Bitcoins? you must be thinking if bitcoin is digital currency without any physical currency or note then how do you store this. Well, Bitcoins are stored in bitcoin wallets and these wallets are operated by authorizes companies by bitcoins. Bitcoins work as currency and you deposit in bitcoin wallet or withdrawal as normal like any other currency. You can not use Bank ATM to withdrawal money from Bitcoins. You have to use intermediator between you and bitcoin wallets but most of the cases these are high street banks that you use for your daily life.
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How Bitcoin work
Its amazing to know what this new revolutionized currency bitcoin works? Lets help you to understand in simple and easy manner so you can figure out the how this new currency works so you can adopt for your business or personal use.
Bitcoins are different then traditional currency because all the traditional currencies are printed by respective governments to enable trading and setting up functional system. This is the first digital currency in the world that is not printed and held electronically by operators.
How Bitcoin Work Video
Read MoreWhat is Bitcoin
Everyone is asking same question What is Bitcoin? Lets put this bitcoin buzz in simple terms so non geeks can understand what is What is Bitcoin.
Bitcoins are a new kind of currency that enable easy transaction and remove middleman and cut the cost of transaction for any type of business. Bitcoin is new and not tested yet but getting popular among some businesses. There are lot of miss conception about bitcoin and its security and recently fraud by few individuals have given bitcoins bad name. If you want to use bitcoins then its best to open a bitcoins wallet with recommend service provider in your country and then take second step.