What is Bitcoin – Meaning, Purpose and Safety Tips While Investing

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In a nutshell, bitcoin is a virtual or digital currency that you can buy, sell or exchange without an intermediary like banks. Just like you make a payment in an offline store in cash, you can instantly pay or receive virtual payments from all over the world. Whenever you make any transaction with bitcoin, it is registered in a public ledger, making it difficult to fake. Moreover, every transaction made by cryptocurrencies is encrypted with cryptography.

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Bitcoin is the first-ever cryptocurrency, but also, it’s the most popular crypto coin with the highest market capitalisation. Over five thousand cryptocurrencies exist in the crypto market. Still, bitcoin is the most traded currency to date. Fi