WHAT IS BITCOIN?

Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.


PREDEFINED VALUES

1 Satoshi= 0.00000001 ฿
10 Satoshi= 0.00000010 ฿
100 Satoshi= 0.00000100 ฿= 1 Bit / ╬╝BTC (you-bit)
1.000 Satoshi= 0.00001000 ฿
10.000 Satoshi= 0.00010000 ฿
100.000 Satoshi= 0.00100000 ฿= 1 mBTC (em-bit)
1.000.000 Satoshi= 0.01000000 ฿= 1 cBTC (bitcent)
10.000.000 Satoshi= 0.10000000 ฿
100.000.000 Satoshi= 1.00000000 ฿= 1 BTC



HOW TO WITHDRAW CRYPTO TO CASH


Virwox is a company based in Austria, and has been in the market for many years now, they are quite solid when it comes to buy or sell Crypto. You can send your Crypto to Virwox and exchange it to either PayPal, Skrill or a Bank account. You can also exchange your PayPal to Crypto but please note the first exchange requires some verification or time waiting as well. No other site is popularly allowing to exchange PayPal to Crypto!




Changelly provides quite an instant exchange for Cryptos, so if you don’t want to deal with the hassles of trading your Crypto currencies in Binance or not paying a high fee (their BTC fee is quite expensive) consider using Changelly. Changelly will allow you to save and view all exchanges you ever made with them (good for those who require record keeping) and they also allow you to buy Crypto with a credit card which is a big benefit as well.