Bitcoin is a digital currency or it can also be called “digital cash”. No bank has dominion over it, that is why it is called “Decentralized Currency” This digital currency is sent from one user to another directly in a network structure without there being any need for any intermediary, be it a company or An individual.


Initial release: 0.1.0 / 9 January 2009 (10 years ago)
Ledger start3 January 2009 (10 years ago)
Coins: Unspent outputs of transactions (in multiples of a satoshi)
Supply limit: ₿21,000,000
FounderSatoshi Nakamoto

How does Bitcoin work?


A bitcoin is essentially a computer file that is stored in an electronic wallet, either in an application in a cell phone or on a computer, whether portable or desktop. People can then manage their digital wallets as if they were in their bank, they can send their virtual money to other people, or pay for products or services that they buy remotely or in person at the establishments that accept to pay with bitcoin. Each transaction is recorded in a digital accounting book called blockchain (which is impossible to erase or adulterate, so it is being used in many other private or public agencies, such as in the world of real estate). See more information at:
Guide: What is Bitcoin and how does Bitcoin work? – CBBC Newsround

https://www.bbc.co.uk/newsround/25622442

Can Bitcoin be converted to cash?

The first step you must take before you can withdraw your btc, is to exchange the btc in fiat currencies (example, Mexican pesos) Enter to your wallet and click on “Convert” and enter the amount you want to convert into cash . Then, when you do this and your money has been transferred to your portfolio of pesos, it is that you can send your money to your bank or a debit card..Oct 12, 2018

How do I turn my Bitcoin into cash? – Coins.ph Help Center

https://support.coins.ph/hc/en-us/…/201887350-How-do-I-turn-my-Bitcoin-into-cash-Search for: Can Bitcoin be converted to cash?