NWORLD : What is Bitcoin and Bitcoin Wallet? | NWORLD BUSINESS by VICENTE MEJILLANO

What is Bitcoin and Bitcoin Wallet?

What is Bitcoin?

Bitcoin is a well-known type of crytocurrency that can be exchange to almost any of the currencies like paypal, master card, visa, perfect money etc. It is an alternative to common currencies like dollars, euro, naira and yen. Bitcoin is stored in an e-wallet and can be reached from any electronic device like computers and mobile phones.


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Bitcoin Wallet.

A bitcoin wallet is where you store your earned bitcoin, it is a digital wallet from where you can send and receive bitcoin.

Similarly, a bitcoin wallet is where you will put your collected bitcoin/bits/satoshi by using the bitcoin address of that wallet. You can also pay some bills, buy some loads, send money, received money & withdraw your bitcoin funds to your ATM or you can send and receive bitcoin. It is very similar to online banking or your traditional banking institution where you open a saving account and save money.

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