What is Bitcoin?
Instacoins is one of the easiest and most trusted places to buy Bitcoin securely.
Bitcoin Basics
Bitcoin is a form of digital currency which is also known as a crypto currency.
Bitcoins are digital coins that are designed to be delivered via the internet. Bitcoins
are generated by miners who use unique computer software to solve mathematical
problems and are given a certain number of Bitcoins in return for their work. Only 21
million Bitcoins will ever exist. Currently, around 17 million are in existence. The
remaining Bitcoin will become much more difficult to mine as time goes on.
How does Bitcoin work?
You can purchase Bitcoins at an exchange such as Instacoins by creating a free account and using our service to buy the amount of Bitcoin that you wish to buy. In addition to exchanges, Bitcoin may also be purchased from other individuals.
The simplest way to store and use your Bitcoins is by keeping them in a online digital wallet. However, you can also send them to an external or offline wallet. From your wallet, Bitcoins can be sent to friends or family and/or to make payments to retailers who accept Bitcoin.
Bitcoin transactions differ from credit or debit card purchases. When using Bitcoin, you don’t need to provide a card number, expiration date, name or CVV code. Another advantage is lower transaction fees. Generally, Bitcoin transactions cost only a fraction of the average 2-3% charged for card transactions.
Bitcoin also works well as an International currency.
Overseas payments can be sent instantly.
Bitcoin Advantages
Decentralized Currency
It is possible to transfer Bitcoin from one person to another no matter where they are located in the world. This can be done without the need for any middle man. All that is required is an internet connection and a Bitcoin wallet address.
International Currency
Bitcoin is not linked to any one country and is not bound by borders. It holds the same value in every location, which renders it a much easier overseas payment process.
Reduced Costs
Without any need to rely on banks or credit card companies, Bitcoin fees are considerably less than those charged by traditional payment services.
Eliminate the Bank
Control your Bitcoins with your own Bitcoin wallet. Make purchases or send money, bypassing the bank entirely.
