What are Bitcoins?

Bitcoin(s) is an innovative payment system invented by Satoshi Nakamoto. It is a digital currency created and held electronically. Bitcoin uses peer-to-peer technology to operate without a central authority or banks. It is open-source, and nobody owns or controls it.

Unlike dollars, euros, and other currencies, bitcoins are not printed. You can buy bitcoins either through an exchange or directly from other people via marketplaces. You can pay for them in various ways, from hard cash to credit or debit cards to wire transfers or even with different cryptocurrencies, depending on who you buy from and where you live. Ownership of bitcoins implies users can spend bitcoins associated with a specific address.

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