What is a Bitcoin (USA Residents Only Edition) feb | Page 3

What is a Bitcoin?
Bitcoin is a new digital currency that is traded online. If you use pre-paid Visa cards, or
do your banking online , or pay for items on eBay or Amazon with PayPal then you
understand the basics use of Bitcoin. The similarities end there; however, because
Bitcoin is actually a transaction system not just a ‘currency’. The ‘currency’ is traded on
the Internet like stocks or foreign currencies are traded, on an exchange. The
‘currency’ is held in a ‘wallet’, which can be a piece of software running on your
computer, tablet or phone, or it can be held in an online account.

Great video here: www.weusecoins.com

Another great intro here: www.bitcoinme.com

View the www.HistoryofBitcoin.org slideshow

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