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What is bitcoin?

Last Updated: Feb 01, 2016 04:59PM PST

What is Bitcoin?

 

Bitcoin is a form of digital currency, created and held electronically. Transactions in bitcoin can be performed without the need for a credit card or central bank. It allows users to send Bitcoin over the Internet in a very simple and efficient way. With bitcoin, transaction fees are very small compared to a bank which may charge very large amounts for services such as international transfers. We always encourage our users to learn and understand how bitcoin works. Today, there are plenty of informative resources that can be found on the internet. We have listed some of our favorites for you below. Also, you can check out this video from us to get a better understanding of how bitcoin works.

https://btcjam.com/how_it_works/what_is_bitcoin.



 

Additional Information

 

http://www.coindesk.com/information/what-is-bitcoin/ -

https://blockchain.info/wallet/bitcoin-faq

https://blockchain.info/wallet/how-to-get-bitcoins


 
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