To understand a simple , Bitcoins are a payment method in the transaction by way of payment conversion from the currency has been recognized as the US dollar to a single currency , " virtual " equivalent value . Bitcoins are stored as a virtual wallet like a savings account . Exchange rate fluctuations continuously , it also shows the change in confidence with the kind of currency and expressed readiness level conversion using other currencies to using Bitcoins .
Two fundamental interests of Bitcoin : Hidden features and the ability to pay does not follow the traditional monetary system . It is these that help utilities Bitcoins known as a primary method of online payment for illegal drugs and weapons on the black market directly tuyen.Khong only that Bitcoins are also approved for use as is a way to avoid dealing with PayPal , Amazon and other online payment methods other , this helps a lot for those who use the network in addition it also helps in reducing transaction costs and time conduct transactions quickly without procedures through bank transactions .
