You might have heard about this new kind of digital money, but you might not know exactly what it is all about. If you are looking for a quick introduction into the world of bitcoins and why they are becoming so popular, then this article is for you. Many people are wondering what this new money is and why it is becoming so popular. After reading this article, hopefully you will have a better understanding of how this new currency works.
One of the main reasons why people like to trade in bitcoins is because of the security that comes along with them. Since this new type of currency is based on cryptography, it provides many protections against hackers. This means that your transactions wallet can be completely secure while keeping your financial privacy protected at the same time. Transactions can be made between any two parties without needing to reveal any personal information about either party. In the past, people had to rely on gold and paper money to make transactions, but now, with the use of bitcoins, you can trade with anyone in the world, for almost free.
Because of these added protections, many people now use this virtual currency to run their day-to-day lives. A popular service known as Bitpay allows you to use your digital wallet to make purchases from practically any retailer in the world. This service works similar to PayPal, but with much lower fees and no minimum transaction amount. You can use your bitcoins to pay for virtually anything online, and since there are no commissions, you can keep spending them as often as you want.