Saturday, November 15, 2014

What are Bitcoins?

Bitcoins are a worldwide currency that uses a public ledger to record transactions that are sent from person to person without a central bank or repository. It is not controlled by any government, regulating body, individual company, or person so it's being classified as a true "decentralized virtual currency." 

Bitcoin is anonymous and it works a lot like cash because you receive it instantly when it's sent. Just like cash, once something is paid for it cannot be taken back, there are no refunds or charge-backs and the transaction fees are extremely low..

Unlike a bank; for example, who can freeze your account, take money from you or really do whatever they want.


There are over 200,000 businesses worldwide that accept Bitcoin and that number is growing every day. Now is the time to start accumulating Bitcoin!



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