What exactly is a Bitcoin?? One might wonder. Well, A Bitcoin is a new online currency its been around since 2009 and off late has gained a lot of popularity .Today one Bitcoin is worth a 590.49 dollars .So here it is the advent of what they call cryptocurrency in the world of Finance .A currency without an appeal from a central bank Does seem unappealing.Fear not we happen to live in the 21st century .A century of Advancements ..
How does a transaction take place using a Bitcoin??
One can purchase Bitcoins through the following websites such as :
Both the websites offer a safe and secure way for a bitcoin transaction .However the latter website is based out of Europe with direct payment support for 87 banks in 11 countries.
How does on accept a Bitcoin??
One can accept Bitcoin through BitPay where in merchants can easily accept Bitcoins by payment just like visa not only that accepting bitcoin is as easy as sending an email .
But mentioned above were the features and advantages of Bitcoin let’s take a look on the disadvantage the functioning of a bitcoin transaction can come to a sand still if there is a government Intervention like in the case of India RBI has not approved the usage of Bitcoin not only that transaction are uninsured and totally irreverseble the Bitcoin e-Wallet could be prone to hackers and not only that unlike currency value that undergoes minor changes the change in the value of a bitcoin transaction is drastic which is one of the biggest risks that investors face in Bitcoin transactions.
– Khyati Kotiyan
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