What is Bitcoin (BTC)?
Bitcoin was created in November 2008 by a character named Satoshi Nakamoto; on that date, the bitcoin.com domain is registered with a link to a document entitled “Bitcoin: Electronic money transfer system peer to peer.” In 2009, Nakamoto implemented the program that supports Bitcoin as Open Source. In January 2009, the first Bitcoin block was mined in the network.
In Summary, Bitcoin is a cryptocurrency, the first cryptocurrency in the world, based on a decentralized peer to electronic peer system (Blockchain)
Bitcoin is created through a process of awards called mining. They can be exchanged for other currencies, services, and products.
How do you get Bitcoins?
Before acquiring Bitcoins, the user must install a virtual wallet in one of their devices, mobile phones, computer, iPad, etc. There are two types of Wallets, each with its advantages and disadvantages.
Hardware Wallets:
Advantage
- Bitcoin is stored in an offline environment, making it a more secure method against hacking.
- Easy to access even for users who do not have excellent technical knowledge.
Disadvantages
- They are not Free.
Virtual Wallets:
Advantages
- Easy to access from any device, mobile phone, computer, or tablet.
- They are convenient to send and receive payments.
- Some Wallets allow access from several devices at the same time.
Disadvantages
- It is not recommended to store large quantities as they may be more vulnerable to hacking.
Here are some options of Bitcoin Virtual Purses:
https://login.blockchain.com/#/signup
Bitcoin Hardware Wallets