Don't send Bitcoins until you know this!
When you send bitcoin, the transaction goes on a peer-to-peer blockchain meaning it will be recorded permanently and unable to be reversed. So when you have your digital wallet or exchange platform you need to proofread the forms you submit. Here are the three things about bitcoin transactions:
- You need an ID to buy bitcoin before you send it so it's not completely anonymous.
- The Bitcoin blockchain has gained so much momentum and volume that the transaction fees can be expensive whether you send $1 or $1000, you will pay a $20 fee because the fastest miners that verify the transaction will be in demand.
- Transactions are visible through blockchain explorer websites and can be traced to an exchange platform which usually contains your profile.
My video is at DLive
So it's not worth doing then
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