WHAT IS BITCOIN?
A digital currency that is held electronically and is a worldwide payment system. It is created from nothing and has no actual solid form apart from a gold-plated souvenir. How do I buy it? It can be bought or sold using an exchange platform using conventional money. Fees are charged to do trades. How does it work? It’s entirely digital. A bitcoin transaction can be transferred between Bitcoin wallets that are included in the block chain. Bitcoin wallets keep a piece of data called a private key or seed, which is used to sign transactions to ensure it has come from the owner of the wallet.