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What is Bitcoin (BTC)?

Bitcoin is the original cryptocurrency that launched in 2009. It has become the most valuable cryptocurrency globally, with a current market cap value of over $1 trillion. It was created to be a form of digital cash and serve as an alternative to the traditional financial system.


Bitcoin relies on blockchain technology to secure its network and validate transactions. Blockchain is a distributed digital ledger of transactions that can’t be changed or deleted, not even by governments or financial institutions. This helps Bitcoin remain decentralized, secure, private, censorship-resistant, and accessible to anyone with an internet connection.

 

What is BTC used for?

 

Bitcoin can be used to make payments online or transfer money to friends and relatives located anywhere in the world – all you need is their wallet address. In addition, Bitcoin has built-in mechanisms to control its supply, so many view it as a hedge against inflation and use it as a long-term store of value.

 

How do I buy BTC?

 

It’s easy to buy Bitcoin in Australia by joining a trusted trading platform like Coinstash. Simply create your account and verify your personal details. Then, deposit some funds and purchase BTC. It’s as simple as that!

 

Learn how to sell Bitcoin.

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