Start with Bitcoin

What is Bitcoin?

Bitcoin is the internet’s native form of money.

You’re familiar with using PayPal or your online bank to send, receive and manage your “money” on the internet. Although convenient, there’s some problems:

  • You need permission to have an account with PayPal or a bank. They have the power to close your account, block your transfers, and ask questions about your transactions. In short, they stand between you and the free use of your money.
  • If you want to send money to a friend in Canada or France, a conversion has to happen between your form of money, the US Dollar, and theirs. PayPal and banks charge a fee for this conversion.
  • Your money loses value over time, as the government continually enlarges the money supply through inflation. A dollar today is worth 90% less than one in 1920.

Bitcoin is the internet’s native form of money, and solves these problems.

  • It’s permissionless. Just like email, anyone can access and use it, but nobody owns or controls it. Nobody can stop you from owning and using bitcoin.
  • It’s global. Bitcoin is a worldwide currency. Just like email, you can send bitcoin as fast and freely to someone in Japan, as to your neighbor next door.
  • It has a limited supply. By design, there will never be more than 21 million bitcoins.

Let’s now explore how Bitcoin works. →

  1. 1
    What is Bitcoin?
    Bitcoin is the internet’s native form of money.
  2. 2
    How does Bitcoin work?
    This is where things get a little tricky, but it’s actually simpler than it seems at first.
  3. 3
    What’s special about Bitcoin?
    Bitcoin has a number of characteristics that make it unique!
  4. 4
    What is a bitcoin worth?
    Just like all assets, Bitcoin is worth whatever the market decides it’s worth.
  5. 5
    Should I own some bitcoin?
    That’s up to you, but here is how some of the world’s most successful people answer that question.
  6. 6
    How do I get some bitcoin?
    You can buy bitcoin with a bank transfer, debit or credit card.
  7. 7
    What can I do with my bitcoin?
    An overview of holding, spending and earning money with your bitcoin.
  8. 8
    Frequently Asked Questions
    Now that you know the basics, let’s answer some of the most frequently asked questions.