How to Get Bitcoins Fast

Invented in 2009 by an anonymous creator using the alias Satoshi Nakamoto, Bitcoins are one of the earliest known examples of “cryptocurrency.” In layman’s terms, this is a type of digital currency that is generated and managed electronically — without any form of centralized control.

All transactions happen on a peer-to-peer (P2P) basis between other Bitcoin users. There is no intermediary tracking the creation or flow of Bitcoins. Rather, each transaction is verified using an open-source node network that is extremely redundant and publicly available.

This makes Bitcoins highly resistant to fraud.

Like most types of currency, you can buy Bitcoins on open exchanges. You can also digitally convert dollars, euros or yen into whatever denomination of Bitcoins you desire.

• Bitcoin Transactions Carry Lower Fees
• Bitcoins Are Not Subject to Government Regulation
• Bitcoin Is an Independent, Standalone Currency
• Bitcoin Prices Fluctuate Wildly in the Short Term