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Bitcoin is a revolutionary invention of the last decade. Its essential meaning is money digitization. It became the first decentralized peer-to-peer payment network for using without any central authority or middlemen. In a nutshell, bitcoin is the money for Internet. Its original purpose is providing all people with universal currency for different operations. Bitcoin can also be described as the most prominent triple entry bookkeeping system in existence.
There are two ways to buy bitcoins: with a credit card or on an exchange.
Bitcoin was partnered with Simplex to make buying with it card easier. At bitcoin exchange users can buy and sell bitcoins after setting up an account. Making a decision depends on how quickly you want to complete the transaction. There are different fees and terms.
Download an app or program Bitcoin Wallet which allows you to send and receive bitcoins. There are many wallets across various platforms. While their features vary, their functionality remains.
Once your wallet is downloaded and activated you can add some bitcoins via credit card or with a Bitcoin Exchange. Keep your private key secure and never lose the device on which the wallet was installed.
The process of sending bitcoins is very easy. In two words, you need to send receiver's public Bitcoin address in your wallet, specify the amount, confirm address and send.