Thursday, 10 June 2021 01:20

What is Bitcoin? How does this virtual currency work?

Written by Alondra Gutiérrez

The Bitcoin virtual currency has become popular over time, resulting in a greater interest in its acquisition, there are many ways to obtain them, but it is also very important to know more about this currency.

This virtual currency has become popular and this is traded through platforms in different countries suffer from high volatility in the market because they are not regulated.

What is Bitcoin?

Bitcoin is a virtual currency or a means of electronic exchange used to acquire products and services like any other currency. But you should take into account that there is no authority or control entity responsible for its issuance, and registration of its movements.

If you wish to become an investor and leader in this market, it is important to know what type of investor you are.

There are different types of investors, among which the following stand out:

  • Aggressive: the one who seeks to earn more, but risks losing more.
  • Moderate: Seeks to maintain a balance between yield or profit and the security of not losing his investment.
  • Conservative: willing to earn less, but not to put their investments at risk.

 

This branch is extensive and it is important to be informed and to know, what is the Blockchain wallet?

The Blockchain wallet is a digital platform for the storage and management of cryptocurrencies, developed by the Luxembourg company of the same name.

How much does it cost?

There is no cost to use the Blockchain wallet.

However, one will have to pay a fee that will be automatically deducted from the funds every time one sends, or receives cryptocurrencies.

How to monetize?

Well, that through ATMs or else by purchasing goods in establishments that accept these digital currencies such as Bitcoin.