Hello to all, welcome to therichpost.com. In this post, today I will tell you, What is bitcoin? How it works and How to transfer money from bitcoin?
First I will tell you, What is bitcoin?
: Bitcoin is cryptocurrency and it is used to transfer money Worldwide and I also got some Bitcoin money from my friend. Bitcoin came in January 2009. I also got some money by sell bitcoin.
Here is little story from me about bitcoin. One of my friend, who lives in abroad, sent bitcoin currency to me and at that time, I did not know about it but after some search, I found that, we can sell bitcoin and get money, then I came to know, what is bitcoin.
How bitcoin works?
: To check bitcoin working first, you need account on bitcoin(bitcoin wallets) in which, you will recieve or send bitcoins. Bitcoin generates private code number, after get this code number, you can this code number to your friend to receive money.
bitcoin works on blockchain technology.
How to transfer money from bitcoin?
: Like I said above, you need an account for bitcoin money called bitcoin wallet. This bitcoin-wallet generates secret for receive or send bitcoins. Bitcoin increases and decreases very speedily.