About Bitcoin transfer

Bitcoin is the original cryptocurrency designed for decentralized, peer-to-peer transactions. It’s used globally for transferring value without intermediaries.

How it works

• Decentralized: No central authority or bank involvement.

• Secure and transparent: All transactions are recorded on a public ledger.

• Slower confirmations: Finality may take ~10 minutes or more per block.

Example:

A tech firm in the U.S. pays a developer in Nigeria using BTC, enabling the transaction without going through traditional banking systems.