Bitcoin is a type of virtual or digital currency which can be transferred and stored very easily. So, there is specific value of bit coin which changes as per trend and demand. In recent world this method of exchanging btc is attracting millions of people. Everyone wants to invest in bitcoins and want to take entry in this peer to peer exchange process. This method is totally safe and keeps every record of transaction between two parties. So before stepping into this there are certain rules and tips are necessary for investors. So, let’s take a look an explore this amazing trend of digital or virtual currency. If you are planning to do something big in this field then you should create your own crypto currency.
Understanding Crypto currencies (Bitcoin)-
- So first comes about privacy, So note one thing any transaction of crypto currency cant be reversed and No one can hack or access your data and bitcoins. So it’s totally reversible.
- The person who is exchanging bitcoins will be invisible it means any type of identity related to person who is exchanging bitcoins will not be available on platform. No one can access identity of parties which are performing the process of transfer.
- The accessibility of funds will be limited to owner. Any other person cannot access it and can not break the security and privacy.
- The mechanism takes place with the help of block chain technology so there is network of many computer where your transaction file goes and data miners give their work to complete your transaction successfully.
Some of the online platforms and local businessmen started to accept bit coin also so you can make plan by taking this aspect also. You can keep bitcoins safely in your Crypto currency wallet. So you can transfer bit coins as the value increases and can make good profit.