[TUT/INFO] What are bitcoins? How to Use/Buy Bitcoins? Find out here! :)

**Kelly** · 03-10-2016

1. What are Bitcoins?

A Bitcoin is a currency, just like $, €, £ and the ¥. Unlike these other currencies Bitcoin is a decentralized digital currency that’s created, held and spent electronically around the world!

2. Why should I use Bitcoins?

Here are three great reasons why you should consider using Bitcoin:

Speed: Bitcoin transactions are fast. Regardless of where you’re sending Bitcoins around the world, most Bitcoin transactions are completed in minutes.

Low fees: Bitcoin allows you to send and receive payments at very low cost. Fees are substantially lower than bank transfers or online payment systems like PayPal. Most transfers will only cost you a few cents.

Security: Bitcoin transactions are secured by military grade cryptography. Nobody can charge you money or make a payment on your behalf. So long as you take the required steps to protect your wallet, Bitcoin can give you control over your money and a strong level of protection against many types of fraud.

3. How do I buy Bitcoins?

Buying Bitcoin is very easy. Similar to real currency you’ll first need an online wallet to hold your Bitcoin in. Once you have your wallet you’ll be able to fill it with Bitcoin.

There are many websites that will allow you to do both. We’d recommend using an established company like:

Circle
ANXBTC
Coin.Mx

Visit their site and create an account. By creating an account you’re creating your online wallet. Once your account has been set up follow the instructions on how to purchase Bitcoins.

Once your account has been funded you can make your transactions!