How do I use bitcoin?
Oliver You have to download the app of the respective currency or go to their website and start using it. Once your account is activated, you can deposit bitcoin there in exchange for money bitcoin to paypal
Facebook has entered into agreements with 26 well-known companies such as MasterCard, PayPal, Visa, Vodafone. This means that if you keep Libra in your account in exchange to money, you can pay Uber rent with one click. It will not cost much to convert your money to Libra as there is no country or global obligatio. Facebook may cut a little money during the transaction. However, the point here is that even if you spend a little money on transactions, Facebook will earn a lot of money from many Libra users.
In the same way, Bitcoin has agreements with hundreds of well-known companies like Microsoft. Shopping can be done from there using this currency. Bitcoin usage has a specific accounting system. Following that, their market price fluctuates. Apart from Bitcoin, Ethereum, Ripple and Lightcoin are also very popular.
Advantages-disadvantages
Its popularity is growing day by day as the use of virtual currency is not as complicated as the banking system. There are examples of becoming a millionaire overnight using it.
In 2011, a 12-year-old boy named Eric Feynman bought a12 bitcoin and sold it to others for 1,000. He now has about 403 bitcoins. Whose market price is a few cores ! The more Bitcoin is traded, the more the market price fluctuates.
That's the way it is
If someone has Bitcoin (btc to paypal)
which he bought for five hundred dollars and if he wants to sell it for 19 thousand dollars, he has to buy it at that price only. Since no central bank is involved, a user can make bitcoin transactions in this way. That is, do not sell if he does not want. The boy Feynman sells a 12 bitcoin to his grandmother for 1k. Then he gradually accumulated more bitcoins.
Bitcoin's market price fluctuates sharply, which is why it is compared to 'gambling'. Bitcoin can also be bought in fractional form. At one time it cost 100. In one year it increased to 1 thousand dollars. Then the price went up to 19 thousand dollars