Let’s make this simple.
Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. We can see small businesses accepting bitcoin because there are no credit card fee’s, Example; 1 bitcoin is recognized as 1bitcoin worldwide. Rather then traditional currency where 1GBP is not 1CDN. People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.
How can I buy bitcoins?
You can buy bitcoins from either exchanges, or directly from other people via marketplaces. You can pay for them in a variety of ways, ranging from hard cash to credit and debit cards to wire transfers, or even with other cryptocurrencies. Many marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies.
Join Coinbase, a leading exchange, a Trusted Source. Coinbase has other Digital currency such as Bitcoin, Ethereum & Litecoin. The beauty with Coinbase is that you can see in real time what the value of the Digital currency is.
Getting some of that bitcoin.
You aren’t storing bitcoins in your bank. You need a “digital wallet” which is cloud or server/computer. Your” virtual” wallet becomes your bitcoin bank. The wallet allows you to send and receive, pay for services and goods who accept bitcoin. Bitcoin wallets aren’t insured by the FDIC (USA).
Future in question?
No one knows what is really going on with bitcoin or what the future has in store for us. Yes, it is unregulated, Governments are concerned about money laundry and their lack of control over the digital currency.