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Showing posts with the label bitcoin wallet address

How to send, receive, sell or buy bitcoin from anywhere

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WHAT IS BITCOIN? Bitcoin is one of the crytocurrencies (electronic cash). Cryptosystem without doubt is the cheapest, fastest, safest and easiest means of transacting today. Billions of dollars have been invested into cryptosystem because of it's unbeatable advantages. Easy movement of coins (crytocurrencies) from one wallet to another has greatly influenced many to embrace cashless policy. Except for one major risk which is the inability to reverse coins sent or view where the coins are coming from, Crytocurrency has broken the ban or embargo placed on money transfer between some countries. There are lots of crytocurrencies today. To mention a few are Bitcoin, Ethereum, Litecoin, Ripple, etc. The entire cryptosystem is wide but I streamlined my writeup to bitcoin only. Now, before you can transact in bitcoin, you must have a wallet and wallet address which represent account and account number in the banking system. An example of wallet address is  34H1HYhbTE5DmG...