How can I convert Perfect Money to Bitcoin?

Bitcoin is a digital currency created in January 2009 following the housing market crash. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto. The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.

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How to exchange Perfect Money to Bitcoin (BTC) instantly?

• Step 1: Log in to your 365cash account. You can also easily complete the exchange without registration but note that in this case, you will not be able to participate in our affiliate program and referral program.
• Step 2: Choose the Perfect Money USD in the blue column on the left. Then choose Bitcoin in the green column on the right.
• Step 3: In the form on the right, enter the amount of PerfectMoney you want to spend. Beneath you will see the total amount including the transaction commission.
• Step 4: Then enter your PerfectMoney wallet address. Beneath you will see the Bitcoin amount you will receive.
• Step 5: Enter your Bitcoin wallet address. Please be careful entering your wallet ID and check it to avoid the incorrect transactions.
• Step 6: Click the Exchange button and follow the further instructions.

Bitcoin is a collection of computers or nodes, that all run Bitcoin's code and store its blockchain. A blockchain can be thought of as a collection of blocks. In each block is a collection of transactions. Because all these computers running the blockchain has the same list of blocks and transactions and can transparently see these new blocks being filled with new Bitcoin transactions, no one can cheat the system. Anyone, whether they run a Bitcoin "node" or not, can see these transactions occurring live. In order to achieve a nefarious act, a bad actor would need to operate 51% of the computing power that makes up Bitcoin. Bitcoin has around 47,000 nodes as of May 2020 and this number is growing, making such an attack quite unlikely.

In the event that an attack was to happen, the Bitcoin nodes, or the people who take part in the Bitcoin network with their computer, would likely fork to a new blockchain making the effort the bad actor put forth to achieve the attack a waste.

Bitcoin is a type of cryptocurrency. Balances of Bitcoin tokens are kept using public and private "keys," which are long strings of numbers and letters linked through the mathematical encryption algorithm that was used to create them. The public key (comparable to a bank account number) serves as the address which is published to the world and to which others may send bitcoins. The private key (comparable to an ATM PIN) is meant to be a guarded secret and only used to authorize Bitcoin transmissions. Bitcoin keys should not be confused with a Bitcoin wallet, which is a physical or digital device that facilitates the trading of Bitcoin and allows users to track ownership of coins. The term "wallet" is a bit misleading, as Bitcoin's decentralized nature means that it is never stored "in" a wallet, but rather decentrally on a blockchain.