How to Get Started With Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain

If you're looking to get started in the world of Bitcoin, there's a few things you need to know. First, what is Bitcoin? Bitcoin is a digital asset and a payment system with characteristics of a currency. It's decentralized, meaning it isn't subject to government or financial institution control. It's also pseudonymous, so your identity isn't attached to your Bitcoin transactions. And finally, it has a finite supply, so it can't be inflated like traditional fiat currencies.

So how do you buy Bitcoin? There are a few ways. You can buy it on an exchange like Coinbase or Kraken. You can also purchase it from someone else through a peer-to-peer marketplace like LocalBitcoins. Once you have your Bitcoin, you'll need to store it in a wallet. Again, there are several options available, but one of the most popular is the software wallet Electrum.