Bitcoin is a virtual currency, i.e. not the normal physical currency that we all know, but a currency that is produced, distributed and exchanged in a completely virtual way, through computers, using blockchain technology.
The technology that makes Bitcoin work, or blockchain, works in such a way as to have a digital management of money.
This means that Bitcoins are not produced by a centralized entity, like a central bank that produces and enters money into the market, but on the contrary these are created and stored within immense sharing databases (i.e. physically installed on multiple computers connected to the web ) which through cryptographic systems make it possible to create, distribute, track and carry out currency transactions. As you can buy bitcoin instantly with credit card there are certain options that you need to go for.
To keep Bitcoins you need a virtual wallet, which is provided with a public key and a private one. The public key is used to be shared and to allow a user to know where to deposit Bitcoin.Theprivate key, on the other hand, is used to make access to your portfolio possible, and to manage the transactions within it.
Where to buy Bitcoins directly
To buy Bitcoins directly you have various possibilities, such as that of using specific platforms called exchanges or also through the use of specific ATMs (not many in Italy), but in this case you will already have to have your own wallet to receive Bitcoins.
Using Bitcoin directly you will trade and you will be in real possession of the currency, while in the case of indirect use you will only operate with the price of the virtual currency, therefore playing on the rise or fall of the latter.
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