General questions about Bitcoin
Working with BUYBank exchanger
How to exchange Bitcoin online with BUYBank
What is cryptocurrency?
The term “cryptocurrency” was first usedin 2011 in a Forbes publication, after which it became widely known. The asset exists only in digital format and has nothing in common with paper notes.
Cryptocurrency is not tied to the economy of any country and is not issued by the bank. It is impossible to limit or regulate currency, and its rate is formed by the market.
Moreover, this currency is anonymous. This means that, using crypto, there is no need to provide your personal data. All that is required is signs in your e-wallet address.
One of the main advantages is direct transactions. You do not need to contact intermediaries, centers or third parties to perform certain actions. And this allows you to instantly transfer large amounts with a minimum commission.