Things you should know about bitcoin

Bitcoin is one of the first cryptocurrency that was created in 2009. But if you are a crypto traders or an investors some basic things you should know about bitcoin.

• Bitcoin transaction is irreversible, that means you can not cancel a transaction after confirmation.
• All transaction details is stored in the network.
• Buying and selling bitcoin is still illegal in most of the south Asian country.
• The best way to buy bitcoin is in exchange of a product.
• Amount of total bitcoin limited, only 21 millions.
• Bitcoin transaction takes on average 10 minutes.
• Mining company was created due to bitcoin.
• Bitcoin is stored in a wallet, if you loose your wallet then you will loose your coin.
• No one can control your bitcoin wallet unless you loose your private key.