Bitcoin

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Bitcoins are a digital currency that offer a peer-to-peer system of exchanging value or rather payments. In contrast to traditional money you have in your pocket or you give to your bank, Bitcoin has not physical presence. You can’t touch or hold them.

 

They exist digitally and once you buy them they are stored in a virtual wallet. There is no central organization that regulates them. If you want to read more about what is a bitcoin read this.