Things you should know about bitcoin
Bitcoin is one of the first cryptocurrency that was created in 2009. But if you are a crypto traders or an investors some basic things you should know about bitcoin.
- Bitcoin transaction is irreversible, that means you can not cancel a transaction after confirmation.
- All transaction details is stored in the network.
- Buying and selling bitcoin is still illegal in most of the south Asian country.
- The best way to buy bitcoin is in exchange of a product.
- Amount of total bitcoin limited, only 21 millions.
- Bitcoin transaction takes on average 10 minutes.
- Mining company was created due to bitcoin.
- Bitcoin is stored in a wallet, if you loose your wallet then you will loose your coin.
- No one can control your bitcoin wallet unless you loose your private key.
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