Using Digital Bitcoin Crypto-Currency Purchase & Mining Methods Revealed

Bitcoin or digital crypto-currency is now being used to pay for a wide range of goods and services. A new website reveals the mystery behind Bitcoin and how regular people can use this new digital currency system.

Bitcoin or digital “cryptocurrency” as its sometimes called is now being used to pay for a wide range of goods and services but it’s use is a mystery to most of the general public. Now a new website reveals the mystery behind Bitcoin and how regular people can use this new digital currency system.


More information is available at http://digitalmoneytimes.com.


To many Bitcoin is still a bizarre and mysterious system computer geeks use to somehow make money out of thin air. But the digital currency is quickly gaining in acceptance to a wider audience.


Bitcoin is the world’s first decentralized digital currency and is currently the largest currency of its kind. Being a digital or internet based currency means it allows instant transactions online for vendors and buyers and also allows transactions between people in different countries without requiring any type of currency exchange.


Bitcoin has no central point of control over the currency but it does act as a real currency allowing the purchase of physical goods and services between any two parties willing to use it as a means of exchange.


Merchants have a strong an incentive to accept Bitcoin as payment because fees are lower than the 2–3% that regular credit card processors charge. Unlike credit cards, transaction fees for Bitcoin are paid by the purchaser, not the merchant. Also Bitcoin users are not protected with refund rights or charge backs.


The US Department of Treasury has classified digital currencies as “a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency.” They also recognize that bitcoin can provide legitimate financial services.


There are several different ways to acquire Bitcoin to use as a currency from simply purchasing it with a regular country’s currency like US dollars to earning it by providing computing power to verify and record Bitcoin payments into the Bitcoin public ledger. This process of providing computing power is called Bitcoin “mining” and is the primary way the currency is released to the public.


More information on how Bitcoin works and how it can be used to purchase a wide range of services is available at the website.


Release ID: 83436