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WebAug 29, 2016 · A bitcoin exchange is the currency's equivalent of the services offered by banks or other regulated institutions that allow currency exchange — commonly known as FOREX transactions. You may have an account at the bitcoin exchange where you hold funds in your local currency and you use that account to trade for bitcoins. WebMar 28, 2016 · Learn the ins and outs of Bitcoin so you can get started today. Bitcoin For Dummies is the fast, easy way to start trading crypto currency, with clear explanations and expert advice for breaking into this exciting new market. Understanding the mechanisms and risk behind Bitcoin can be a challenge, but this book breaks it down into easy-to … WebJan 10, 2024 · To use the Bitcoin system, an agent downloads a Bitcoin wallet. A Bitcoin wallet is soft - ware that allows the receiving, storing, and sending of (fractions of) Bitcoin units. 3 The next step is to exchange fiat currencies, such as the U.S. dollar, for Bitcoin units. The most common kidd construction llc