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But how does bitcoin actually work?
Bitcoin is the world's first widely adopted cryptocurrency � it allows for secure and seamless peer-to-peer transactions on the internet. Cryptocurrency (or �crypto�) is a digital currency, such as Bitcoin, that is used as an alternative payment method or speculative investment. Bitcoin is a decentralized digital asset. It is a new type of asset that joins the ranks of traditional assets such as cash, gold, and real estate.

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Equally, the time taken for deposits to clear varies by payment method. Step 3: Placing an order You can place an order via your broker's or exchange's web or mobile platform. Retrieved 11 February See also: Cryptocurrency bubble , Cryptocurrency and crime , and Criminal activity on Bitcoin's network.