Page 17 - eBook

LESSON 7

BITCOIN & CRYPTO

You can send and receive money to friends and family without the use of a
Bank. There are many people that believe bitcoin is precious, especially in 3rd
world countries where paper money is worthless. If you look at countries like

Zimbabwe, their currency went through hyperinfla�on, the government was
prin�ng out worthless trillion dollar notes. Bitcoin is not backed by any bank or

any government. So What is Bitcoin backed by? Bitcoin is backed by blockChain
technology. What is blockchain technology? Blockchain technology is a system
of recording transac�ons that cannot be changed, hacked or altered because

every list of a transac�on is connected.

How can you buy Bitcoin?

Before I answer this ques�on, It is important to note that numerous fake
websites and URLs try to steal your informa�on and steal your digital assets, so

as you make your crypto accounts please be sure to check your URLs. To make it
easier, I've compiled a list of links for you below, so please bookmark them and
always use the link from your bookmarks! To buy Bitcoin, you need to make an

account on an exchange that sells Bitcoins.

Sankeethan Ratneswaran – 2021 Copyright 17