Is Bitcoin being the crypto currency?
Yes, Bitcoin is also kind of crypto currency. The Bitcoin is high in value and virtual currency. We can’t get the currency in the hand but we can use it through the online transaction. The Bitcoin value will be higher than normal value currency, so people purchase it for their usage. The Bitcoin value will be added in our account and then we can use it for all purpose.
How we can use it?
Some countries will allow people to use the Bitcoin in their region and only in registered website we can use it. Both in normal shops as well in online shopping we can use this Bitcoin. Some will accept it and won’t. Nowadays many online money transaction websites are allowed Bitcoin as the option to use it. By using the Bitcoin we can get all the products as normal currency usage. There is no restrictions in purchasing the things using the Bitcoin, even we can get the high valued jewels and gem stones too. Only thing both the buyer and seller should have the Bitcoin account, then only they can use or else we can’t assess it.
Where to buy the Bitcoin?
Mostly the Bitcoin are purchased as the exchange of coins, this is the best and easy way for getting the bit coins. We need to pay the money equal to the Bitcoin and then we can get the coins for us. This coin’s value will be stored in the Bitcoin account, and then id and password will be given to each and every user. We can use that id and password during the purchase time, this id will be unique to all. Another method for purchasing Bitcoin is, generating the Bitcoin through the software. It is quite difficult method because we can’t generate this at ease, it takes long time.
What software is needed here?
The separate software will be found for the Bitcoin production, this software can be installed in the mobile phones as well in the laptops too. We can use this app anywhere at any time in the legal countries because the Bitcoin users can’t be identified at ease so some countries will restrict it but in future it will reach all over the world.