The whole world seems to be talking about Bitcoin these days, but not everyone knows exactly what it is or how it works. So MONEY went to Google to get the most popular Bitcoin-related queries, and then Investopedia put together a list of answers to your top 10 questions.
1. What is Bitcoin?
Launched in 2009 by an anonymous creator who goes by the pseudonym Satoshi Nakamoto, Bitcoin is the most well-known and most widely adopted “cryptocurrency.”
2. How do you buy Bitcoin?
Bitcoin can be purchased using traditional currencies such as dollars, but it can also can be purchased using other digital currencies such as Ethereum or Litecoin. There are a several online exchanges where you can buy and sell Bitcoin.
3. Where can you buy Bitcoin?
The most common place to buy Bitcoin is through online exchanges. However, the trustworthiness and security of these exchanges can vary, and there are several high-profile hacks of Bitcoin exchanges in the past.
Look for an exchange that is regulated. In the United States, Coinbase and its subsidiary GDAX are considered trustworthy options.
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