Through the computer network, this currency can be transacted without any means while the digital currency can be kept in a digital wallet.īitCoin is also called Cryptocurrency and Bitcoin can be spent easily like ordinary currency, you can use it to donate to some NGOs to buy goods or to someone else. Bitcoin has become the most expensive currency in the world.

If you have bitcoin, you can convert it to your country's currency and transfer it to the bank account. Apart from online payment, it can also be converted into other currency. Anyone who has bitcoin can not physically buy things, rather, bitcoin can be used online. Anyone can use bitcoin like we all use the internet and so does anyone. This means that there is no bank or government authority to control it, that is, no one owns it. We can only call BitCoin as an online Wallet store.īitCoin - was invented by Satoshi Nakamoto in 2008 and was released as a global payment in 2009 and has been growing in popularity ever since. Because we cannot see it like the rest of the currency like Rupee or Dollar, nor can we touch it with money, but still we use it in transactions like money. BitCoin is called a virtual currency because it is completely different from the rest of the currency. Goes and how much is the value of this currency, you must read this post till the end to get complete information about BitCoin.īitcoin is a Virtual Currency and can also be called Digital Currency as it is used digitally. Is BitCoin you must have heard about it because bitcoin has been very much discussed in the last several years, in this video also today we are going to tell you about bitcoin, what it is, how it is used and why. In the US, the currency is in Dollar and in UK the currency is in pound, in the same way, the currency of different country is different, similarly in the Internet there is also a currency that is used for online transactions. For example, the currency that is used for transactions in India is called Rupee.

Every country's currency is different and its own name and value are also kept according to the country. Friends, currency is used in every country of the world which is used to buy goods.

What is BitCoin in ENGLISH - Hello guys how are you, hope you are fine.

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