Bitcoin is used for spending, just like real money. But, there are some people who keep this for the investment purposes only, whereas others prefer using them as the method to make some international money transfer. The Bitcoin exists electronically as well as kept in the ‘bitcoin wallets’. There’re different kinds of the bitcoin wallets: mobile wallet, desktop wallet, online or web wallet, paper wallet and hardware wallet. You need to know the wallet that you want to use and that you can check out by reading bitcoin news daily.
Are people using bitcoin?
Estimates differ– and it is tough to find the right number of people that are using Bitcoin. One method to measure the number of users of bitcoin is measuring number of the bitcoin wallets. At present, there are around 32 million of bitcoin wallets. Although lots of bitcoin users have over one wallet (it’s common to hold some wallets), it is the indication that number of the bitcoin users all over the world is increasing at a rapid rate.
One more way for estimating the bitcoin usage is number of the bitcoin transactions that have increased steadily. Even though this can mean that similar people are just making more of bitcoin transactions, it’s fair to think that there are the new bitcoin users out there.
How Can One Get Bitcoins?
There are 3 primary ways of getting bitcoins: you can mine them, purchase them, or you can work for them.