What Is Bitcoin?


Bitcoin is a digital decentralised currency.  Like the pound GBP is for the UK, bitcoin is for the internet.  Money for the internet some may say.  Bitcoin is not controlled by any government or bank, instead bitcoin transactions are processed by miners that process bitcoin transactions for a small fee.  Every transaction in bitcoin since its release in 2008 is recorded on a free publicly available ledger called the blockchain.  If you would like to check on your transaction you can use blockchain.info.  With only your bitcoin address or transaction id you can look up the progress of your transactions.  Bitcoins can be purchased in a number of ways, one method that can be used is purchasing through an exchange such as coin base. To sign up for an account, click here. Or have a look at our tutorial. How To Buy Bitcoin At Coinbase

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