+ What is bitcoin?

Bitcoin is a decentralized digital currency secured by cryptography which can be sent from user to user without the need of a central authority.

+ What are altcoins?

Altcoins are cryptocurrencies (crypto) other than bitcoin, either branded as a better alternative to bitcoin, or used as a utility token on a computer network. The monetary policies and use cases of these crypto alternatives can vary widely between organizations, and disrupt many different industries such as finance, law, governance, and technology.

+ Is bitcoin regulated?

Bitcoin exists without a central authority but in the United States and other developed countries there are tax laws that one must abide by when acquiring and trading crypto. In the United States the IRS views bitcoin and other crypto as property, as such, they will expect you to disclose all sales of these "virtual currencies" at the end of the year, and pay tax on profits made. A list of crypto tax services can be found on this website that will make the process very easy to understand and complete.

+ How can I aquire bitcoin?

There are many USA friendly crypto exchanges listed on this website that will allow you to purchase bitcoin and other altcoins using traditional methods such as Credit / Debit card and wire transfer. These same exchanges usually support many other crypto pairs so you can trade into other altcoin you prefer. You can also accept bitcoin and other crypto for you website by integrating a crypto merchant to your checkout. Please be aware that every country has its own laws pertaining to buying and selling crypto.

+ What can I do with bitcoin?

Many things! You can lend your crypto and earn much higher interest than you would from a traditional bank, trade on a crypto exchange and maybe use some of the popular crypto trading bots to take advantage of volatility, use it to pay for things you buy online with a crypto debit card that doesn't require a bank, or you can hold bitcoin for the long term in a wallet that no one can ever confiscate.

There will only ever be 21 million bitcoin, so it is a great way to protect yourself from the inflation of fiat money.