Bitcoin is a digital currency created in 2009. The main difference of bitcoins from other types of digital currency is its total openness: its source code is open for public perusal and has been repeatedly verified by security experts. There is no central authority that issues new bitcoins or controls money operations: all the transactions are available for tracking by all bitcoin users and are verified automatically. Despite that, one can preserve the anonymity of payment by not using the real personal information but only bitcoin addresses.Bitcoin is a digital currency created in 2009. The main difference of bitcoins from other types of digital currency is its total openness: its source code is open for public perusal and has been repeatedly verified by security experts. There is no central authority that issues new bitcoins or controls money operations: all the transactions are available for tracking by all bitcoin users and are verified automatically. Despite that, one can preserve the anonymity of payment by not using the real personal information but only bitcoin addresses.
As theres no central controlling body, your account cannot be blocked if you keep bitcoins on your computer, what is considered one of the major system advantages. Nobody is able to prevent you from sending or receiving money transfers. At the same time transactions are completed almost immediately and are charged with minimum fees or are free. You can forget about bank working hours, non-working days or money transfers that take days to be executed. You can manage your funds any day, at any time and in whatever way you see fit. In this manner the reliability of a bank or a bitcoin account keeper is stipulated by the verified mathematical algorithms and cryptography mechanisms.
You may not worry about your funds because in contrast to other currencies there cannot be issued an indefinite number of bitcoins, and thats why inflation and consequent decrease of the purchasing power of your savings are totally excluded. There can only exist a certain number of bitcoins, and once 21 million bitcoins have been issued, their mining will stop.
The way of creating new bitcoins is of a special interest: bitcoins are equally distributed among those who support the Bitcoin network with their computing power, verifying and protecting users transactions. Everyone can take part in this process, but in order to do this a very powerful computer hardware is required.
Bitcoins success drew great attention to it and there started to emerge new digital currencies that partially or totally copied the essence of Bitoin, sometimes bringing to the market new interesting possibilities. Nevertheless, Bitcoin is still the most known and popular cryptocurrency.
If on some web or in a shop you see written Bitcoin accepted here or just a Bitcoin sign, it means that at that place you can pay for requested services, goods or make a donation using bitcoins. You can also accept bitcoins as a payment for your services or products. Bitcoins are easily exchanged for other currencies (e.g. roubles or dollars) on special exchange platforms or exchange bureaus, as well as on this page.
If you want to get a deeper understanding of how Bitcoin functions or of its technical features, we recommend you to take a look at our F.A.Q. about Bitcoin and read the specialized article on Wikipedia.
In order to buy bitcoins or other cryptocurrency, please replenish your account making a deposit in roubles (or in any other currency that you wish to give for Bitcoin).
You can do this quite easily just clicking on Refill my account below the exchange field and choosing from the dropdown list the currency, the method (the payment system) and the desired amount.
After that you will be able to buy bitcoins or any other cryptocurrency.
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