“How does cryptocurrency work?” we explain. The purpose of this guide is to introduce blockchain and digital currency to newcomers (like Bitcoin).
Below, we simplify things to make a complicated system more understandable. To discover more about certain subjects, use the site search, Google search, or the links below. What a new user should be aware of: Using bitcoin is similar to using PayPal or a Debit Card, with the exception that the figures on the screen reflect cryptocurrency rather than dollars. To get started, all a new user has to do is create a Coinbase account or download the Robinhood or Cash App. Users may purchase, sell, send, receive, and store Bitcoin, Bitcoin Cash, Ether, and Litecoin with Coinbase (Coinbase provides an all-in-one wallet, broker, and exchange service making them a one-stop-shop for new users). Users may purchase, sell, transmit, receive, and store Bitcoin using the Cash App.