To convert Bitcoin into cash, look for a Payeer.com or other Bitcoin exchange that will allow you to sell your Bitcoin at price, for your preferred local currency such as dollars.

Can I mine Bitcoins?

To begin mining bitcoins, you’ll need to get bitcoin mining hardware. In the early start of bitcoin, it was possible to mine with your computer CPU or high speed video processor card. Today that’s no longer available. Bitcoin mining with anything less will consume more in electricity than you are likely to earn.

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Is it illegal to mine Bitcoins?

In most cases, bitcoin mining is perfectly legal to mine coins In a few countries, however, bitcoin mining, as well as the possession and use of bitcoin is extremely illegal. In many cases, bitcoin is not treated as a currency by governments, but instead as an asset or property or passive asset.

What does a Bitcoin miner actually do?

Bitcoin mining is the process of adding transaction records to Bitcoin’s public ledger known as a block-chain. This ledger of past transactions is called the block chain as it is a chain of blocks.

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How safe is the Bitcoin?

Bitcoin is not safe whatsoever. If your Bitcoins are lost or stolen, there’s no intermediary with the power to make you whole. There are two basic ways to hold Bitcoins. You can participate in the Bitcoin network yourself.

What countries are using Bitcoin?

The bitcoins are not controlled or regulated but are not illegal either. Can Bitcoin be converted to cash?-  The Financial Conduct Authority (FCA) in the United Kingdom (UK) has a pro-bitcoin stance and wants the regulatory environment to be supportive of the digital currency. Bitcoin is under certain tax regulations in UK.