Bitcoin wallet Without sync

If you have not already heard, Bitcoin is taking the world by storm. Bitcoin was founded anonymously in 2007 under the alias of Satoshi Nakamoto.

Some basic facts about Bitcoins

• Bitcoin is a digital cryptocurrency, there is not any physical currency.

How does Bitcoin work?

Getting started with Bitcoin is as simple as downloading a wallet application and syncing the wallet to the public ledger. From there you are free to perform transactions with individuals and business anonymously. However, while your identity is protected the transactions are permanently recorded on an open and public ledger.

What is a Bitcoin Wallet?

The Bitcoin Wallet is a personal bank for your Bitcoins. You are able to access your Bitcoin wallet through your personal computer as well as your smartphone.

• Secured by Bitcoin network.
• Your wallet provides an individual “address” to send and receive Bitcoins
• No need for any bank, you have direct access to your funds and they cannot be frozen in your account like a traditional bank.

How do I get Bitcoins?

Currently two methods exist for acquiring the digital currency;

Money Exchanges

• Online services for exchanging world currency exist worldwide, however, these are subject to exchange rates.
• Large fluctuations exist in these markets, stay alert to current trends in the market.

Mining

• Individuals are allowed to also mine for their own Bitcoins by using their computer to autonomously solve complex math equations online.
• Each equation solved rewards individuals with fractions of Bitcoins.
• Another aspect of mining is auditing transactions on the network, again exchanging Bitcoins for your computing power.

Why Bitcoin?

At this point many businesses and individuals are asking themselves, why should they use Bitcoin?

• Anonymous transactions.
• No banks holding your money.
• Faster transfers of money with little or no additional fees, even internationally!

Finally many are looking at the young market as an investment. The exchange rates have been sky rocketing recently as Bitcoin continues to mature in the market.

Can I buy real things with Bitcoin?

With a pocket full of Bitcoins you can now purchase a wide variety of goods.

• Overstock.com now accepts Bitcoins for transactions.
• Some brick & mortar stores around the U.S. accept Bitcoins as payment.
• Bitcoin only marketplaces also exist such as BTC-Market.