Bitcoin Explained: Beginner’s Guide To Understanding Bitcoin

By Christopher Blackburn

The Bitcoin Revolution Is Here!

Bitcoin is fast becoming the most popular method of paying online. Although it has been around since 2008, there are still some people that have either never heard of the service or that do not know its uses. Some people simply thought that Bitcoin "is just another online service" that allows you to make purchases on other sites. But there is more to it than that.

This book is your guide to the world of Bitcoin. It will describe to you what Bitcoin is and how it is used. If you are familiar with other online payment methods, you will feel more confident in using Bitcoin as your method of choice.The Bitcoin payment system has one feature that others do not have: anonymity. Your name shows on your transactions with other payment services, but not with Bitcoin. This book will explain that concept to you, as well as its other uses.

Since Bitcoin transactions are anonymous, any connected bank account or credit card cannot be found by hackers. They do not have access to your name or your email address, which makes it more difficult for them to access any of your financial information. This is explained further in the book, so get reading and get your Bitcoin going.

Here Is a Preview of What You'll Learn Here…

• Bitcoin Defined
• Bitcoin Uses
• How to Use Bitcoin
• Caveats with Bitcoin
• And much much more...

Get this book NOW and learn about Bitcoin!

• Language: English
• Publisher: Christopher Blackburn
• Release date: Sep 10, 2019
• ISBN: 9781386631279

Book preview

By Christopher Blackburn

WHAT IS IN THE BOOK?

Introduction

Chapter One: Bitcoin Defined

Chapter Two: Bitcoin Uses

Chapter Three: How to Use Bitcoin

Chapter Four: Caveats with Bitcoin

Conclusion

© Copyright 2018 by Christopher Blackburn - All rights reserved.

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Introduction

Bitcoin has become remarkably well known, so it is possible that just about everyone has now heard of it.  The increasing popularity of Bitcoin in the last few years has shown it to be a convenient and reliable way to pay online.  There are other services available, but as they all work differently, it is just a matter of preference to the one you choose to use.  However, Bitcoin is a bit unique with the capabilities it offers.

The main idea of Bitcoin is to have a monetary exchange where you can remain anonymous while still paying for the goods and services you want, or to collect for the goods and services that you provide. Of course, that has its perks and its drawbacks. You still must be vigilant of what you do online. There will always be hackers, so you must protect yourself, especially where your money is concerned.

There are horror stories of hackers finding someone’s bank account numbers online and clearing out their account in a matter of minutes.  That really does happen.  So you must take measures to protect yourself from that kind of activity. There are some services that do have protections or even refund policies, but their reviews are not always the best for this type of market. The other thing you want to watch for is how secure your account with these companies are in the first place. Sometimes, simply having your name or email is enough for a hacker to learn your password and access your account. Most sites use a forgot your password or "forgot your user