What is Bitcoin? What are its advantages and disadvantages? ,

What is Bitcoin?

Bitcoin is a virtual currency, which no one has seen till date. This currency is saved in an electric form, and we can buy it in currency like dollar, dinar, rupee. It was started on January 3, 2009 and the name of the owner of Bitcoin is Satoshi Nakamota, who is from Japan. If you want to know the price of one bitcoin then you google You can search by going to

How does bitcoin work?

Bitcoin is used for online payment and transaction, Bitcoin works like a network, so that people are able to do their work easily by staying connected to each other without any bank, credit card, etc. And you can use Bitcoin wherever you live.

How to use Bitcoin?

When you login bitcoin voilet for the first time in your mobile or laptop, you get your first bitcoin, you can make more if you need it, we can use bitcoin to sell and buy things online, use bitcoin We can get good profits after a long time by investing online.

What are the advantages and disadvantages of Bitcoin?

I would like to tell about some advantages and disadvantages of using Bitcoin so that you can get a better idea about it.

Advantages of Bitcoin :-

1).Bitcoin is more famous because people earn a lot of profit by investing this currency.

2). If the government does not keep an eye on the transaction process of bitcoin, then many people do it to misuse it.

3).Bitcoin account is never blocked, so people do not have to face problems due to this.

4). Today Bitcoin is used by the whole world, due to which people also believe.

5),You do not have to pay any tax in Bitcoin because the government does not keep any eye on it.

6) You can use Bitcoin by staying anywhere

-Bitcoin Disadvantages :-

The advantages of using Bitcoin are many, but it also has its disadvantages, what are the disadvantages of using Bitcoin, let us know –

1).If your account is hacked then all your currency will go to that hacker and you will not be able to do anything.

2).Bitcoin price keeps on increasing and decreasing from time to time, due to which you can also lose.

3).The government keeps giving a lot of warnings about Bitcoin in India, due to which its long future is not visible in India.

Many online payments do not accept Bitcoin, which can also cause problems for you.

Thankyou

How to get bitcoin for free if you want to know then comment thank you