{"id":48820,"date":"2026-03-06T14:02:22","date_gmt":"2026-03-06T08:32:22","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?post_type=faq&#038;p=48820"},"modified":"2026-03-06T14:02:25","modified_gmt":"2026-03-06T08:32:25","slug":"what-is-bitcoin","status":"publish","type":"faq","link":"https:\/\/coinswitch.co\/switch\/faq\/what-is-bitcoin\/","title":{"rendered":"What Is Bitcoin?"},"content":{"rendered":"<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1772785739268\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Crypto Basics<\/h3>\n<div class=\"rank-math-answer \">\n\n<p><strong><a href=\"https:\/\/coinswitch.co\/coins\/bitcoin\" data-type=\"link\" data-id=\"https:\/\/coinswitch.co\/coins\/bitcoin\">Bitcoin<\/a><\/strong> is a decentralized digital currency introduced in 2009 by an anonymous person or group known as <strong>Satoshi Nakamoto<\/strong>. It was created to allow peer-to-peer online payments without relying on traditional financial institutions.<\/p>\n<p>Bitcoin operates on a <strong><a href=\"https:\/\/coinswitch.co\/switch\/glossary\/\" data-type=\"link\" data-id=\"https:\/\/coinswitch.co\/switch\/glossary\/\">blockchain<\/a><\/strong>, which is a distributed digital ledger that records every transaction across a network of computers. This system ensures transparency and security and prevents double-spending.<\/p>\n<p>Unlike traditional currencies issued by governments, Bitcoin is not controlled by any central authority. Instead, transactions are verified by network participants through a process called <strong><a href=\"https:\/\/coinswitch.co\/switch\/crypto\/what-is-bitcoin-mining\/\" data-type=\"link\" data-id=\"https:\/\/coinswitch.co\/switch\/crypto\/what-is-bitcoin-mining\/\">Crypto mining<\/a><\/strong>. <\/p>\n<p>Many people buy <strong>Bitcoin <\/strong>as an investment or use it for transferring funds across borders quickly and securely. Due to its limited supply of <strong>21 million coins<\/strong>, Bitcoin is often referred to as \u201cdigital gold\u201d in the <strong><a href=\"https:\/\/coinswitch.co\/coins\" data-type=\"link\" data-id=\"https:\/\/coinswitch.co\/coins\">Crypto market<\/a><\/strong>.<\/p>\n<p>Today, Bitcoin remains the largest and most widely recognized cryptocurrency in the world.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"featured_media":0,"template":"","categories":[],"tags":[],"class_list":["post-48820","faq","type-faq","status-publish","hentry"],"acf":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/faq\/48820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/faq"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/faq"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=48820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=48820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=48820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}