Main centres: | 1-3 business days |
Regional areas: | 3-4 business days |
Remote areas: | 3-5 business days |
Bitcoin is a decentralized, digital-only currency. It has no central monetary authority. Instead, a peer-to-peer computer network maintains transactions and "creates" Bitcoins through a process called mining. Users and their transactions are anonymous; there are no international exchange rates to figure out, and no middlemen to collect fees.
Bitcoin wallet
Bitcoin transactions are done through a Bitcoin wallet, an app that users download and install on their computers or smartphones. Purchasers and sellers are identified only by their digital wallet address, a string of letters and numbers. Wallets can be set up for free and with relative ease, meaning consumers can open and close wallets at will to maintain their anonymity.I recommend Electrum wallet.