Bitcoin is a type of digital money that was first used in 2009. It was created in 2008 and is still in use today. It is decentralized, unlike other types of currency, in that it is not governed by a central authority; in other words, there is no middleman. It can be moved from one identity to another without the need for a regulatory body’s involvement. It may be held anywhere, such as on a computer or a mobile phone; it does not require a specialized account (such as a brokerage account); and, because there is a finite supply of it, its value has skyrocketed.
Considering the legality of it, as reported last year, over 103 nations are developing rules for the use of Bitcoin and other cryptocurrencies as a means of payment. Various nations prohibit the use of Bitcoin or any other type of cryptocurrency. Only El Salvador has declared Bitcoin to be legal money, indicating that the government has accepted it as an official form of currency for citizens to use.
How to get it?
Bitcoin hasn’t been a currency since its inception, which means you can’t buy it. It was obtained through a process known as ‘mining,’ which entails deciphering a sequence of computer codes known as blockchains. Since then, it has become more mainstream, and it can now be purchased on a variety of cryptocurrency exchanges.
Nowadays, numerous websites offer parts of these coins as a winning bonus after playing the games. This is one way a person can earn bitcoin. Online gambling websites and casinos give out bitcoin as a form of payment, too.
The easiest and safest way to earn these coins is by investing on a legal platform. But due to the high cost of this cryptocurrency, it is not possible for everyone to be able to afford to buy it. The other alternative that comes is by playing online games where bitcoins are given as winning bonuses.