What is Bitcoin and how does it work?

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Tokeneo
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2 min reading

Nowadays, the economy and investing have changed a lot. Currently, what matters is not only the efficient navigation of the traditional stock exchange, but also the ability to invest and obtain virtual money, i.e. the so-called cryptocurrencies. However, this is still a relatively new topic for many investors

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Bitcoin what is it and how does it work?

Many people wonder what the famous Bitcoin really is. It should be noted that this is a cryptocurrency that was created in 2009, independent of any Central Banks. The operation of Bitocoin is based on the so-called mining and on the operation called blockchain.

How to pay with Bitcoin?

Many people wonder if Bitcoin is suitable for traditional payment - of course it is possible. It is enough to have Bitcoins and a special mobile application with which you can make cryptocurrency payments. Today, more and more companies are opening up to paying with Bitcoin.

Where to keep Bitcoin?

As with any investment, Bitcoin also carries some risk. Therefore, it is best to keep it away from the internet, for example in a paper wallet or in a so-called hardware wallet. If you want to store Bitcoin on your computer, the best solution will be to buy separate equipment for this purpose - it will increase the level of security.

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