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Bitcoin for Beginners

Posted on November 19th, 2018 by EM Search Consulting

If you’re tired of being left out of the Bitcoin conversation that all of your friends are having, listen up! Buying Bitcoin in Atlanta or anywhere else in the country is easy thanks to our RockItCoin Bitcoin ATMs. Before you head to your nearest machine, read the basics about Bitcoin to help you get started.

A Digital Currency

Bitcoin is a digital currency, meaning it is produced and distributed electronically. Unlike physical money, you’ll never hold Bitcoin in your hand, unless it is simply a representation of your purchase. Many people also don’t realize that the amount of Bitcoin that is produced has a cap; only 21 million Bitcoins can ever be created!

The Creator of Bitcoin

Bitcoin was founded in 2009 by an anonymous programmer or a group of programmers under the alias Satoshi Nakamoto. Although the exact identity of Nakamoto has never been revealed, it is estimated that he owns about one million Bitcoins.

The Controller of Bitcoin

There is no one single owner of Bitcoin, as it is its own network. This is ideal for consumers because it gives them total control over their finances. There is a public ledger behind Bitcoin called the blockchain, which contains every transaction that has ever been processed.

Besides being decentralized, other characteristics of Bitcoin include anonymity, transparency, fast transactions, and no refunds.

How to Buy Bitcoin

If you are interested in Bitcoin in Atlanta or at a location near you, RockItCoin has a machine for you! Find the location nearest to you and please let us know if you have more questions.