Bitocto Help Center

What is Bitcoin (BTC)?

Bitcoin (BTC) is a decentralized digital currency that was developed in 2009 by Satoshi Nakamoto.

Bitcoin (BTC) has its own characteristics that distinguish it from conventional currencies. Here are some of the uniqueness of Bitcoin (BTC):

  • Can transfer easily anywhere
    Bitcoin (BTC) can be transferred wherever and whenever you want. Only with your smartphone and internet network, you can transfer Bitcoin (BTC) very easily.
  • Cheap transfer fee
    In general, the cost of sending Bitcoin (BTC) is cheaper than banking.
  • Transfers that have been made cannot be canceled
    If you have transferred Bitcoin (BTC) to someone else, then the transfer process cannot be canceled unless you ask the person directly.
  • The name of the owner of Bitcoin (BTC) can be disguised
    Transactions made on Bitcoin (BTC) can be known by the public and monitored directly. Therefore Bitcoin (BTC) users often keep their identity secret for security.
  • Use a blockchain system for security
    Bitcoin (BTC) can be regarded as the safest system at this time because all transactions are carried out live and recorded properly. There are millions of servers that manage all transactions which make blockchain difficult to hack.
  • There are only 21 million Bitcoin (BTC)
    The limited amount of bitcoin (BTC) ensures there will be no inflation in the currency.

There are two ways to get Bitcoin (BTC), namely by buying it at an exchanger and mining Bitcoin (BTC).

  1. Buy Bitcoin (BTC)
    Currently there are many exchangers in Indonesia that provide a platform for buying and selling Bitcoin (BTC) and other digital currencies. One of the exchangers that provides the platform is Bitocto.
  2. Mining Bitcoin (BTC)
    Bitcoin (BTC) mining can be quite complex because it requires a number of complex mathematical software and algorithms. This process is usually carried out by companies with complete computing equipment and adequate human resources.

So it’s time you consider well if you want to invest in Bitcoin (BTC) right now. All possibilities can happen and it is hoped that you understand the pros and cons before starting any investment.