What is Bitcoin (BTC)?
Bitcoin (BTC), launched in 2009 by an unidentified person or group under the pseudonym Satoshi Nakamoto, represents the first implementation of a concept called cryptocurrency. It was created in the aftermath of the 2008 financial crisis, with the intention of establishing a decentralized digital currency independent of any central authority. Bitcoin operates on a peer-to-peer network, utilizing blockchain technology to facilitate financial transactions without the need for intermediaries. It enables transparent and irreversible transactions, introducing a new paradigm in the financial world.
The primary purpose of Bitcoin has evolved from being a medium of exchange to a store of value, often compared to digital gold. This evolution is attributed to its limited supply and decentralized nature, which has attracted investors looking for a hedge against inflation and currency devaluation. As a result, Bitcoin has gained significant attention and adoption, both as an investment and as a revolutionary technology, shaping the landscape of digital finance.
The primary purpose of Bitcoin has evolved from being a medium of exchange to a store of value, often compared to digital gold. This evolution is attributed to its limited supply and decentralized nature, which has attracted investors looking for a hedge against inflation and currency devaluation. As a result, Bitcoin has gained significant attention and adoption, both as an investment and as a revolutionary technology, shaping the landscape of digital finance.
Why choose Rabbit Wallet for Bitcoin?
Whether you're a total crypto newbie or a seasoned pro, Rabbit Wallet's got your back for
handling your BTC with ease. Check out some cool features that make Rabbit stand out:
Exchange Bitcoin (BTC)
With the Rabbit's built-in coin swap feature, you can exchange your Bitcoin for
any other coin at the best rates without ever leaving the cozy confines of your
wallet.
Self-Custodial
With a self-custodial wallet, you control the keys to your Bitcoin, meaning that
nobody, not even Rabbit, can ever access your coins. This also leads to faster
transactions with no third-party fees except for miners and increased flexibility.
Optimal Fees
The unique fee calculation algorithms provide you with various options when
available, allowing you to choose the most optimal one to ensure your transaction is
confirmed both swiftly and cost-effectively.
User-Friendly
We've worked hard to make Rabbit Wallet user-friendly for everyone. Packed with
features, it suits users at all levels, and our developers respond directly when
help is needed.
How to use Rabbit Wallet?
Creating a new wallet takes just a few clicks, and requires no information from you.
Here is a short brief on how you can create your new wallet:
Here is a short brief on how you can create your new wallet:
Save your phrase
You will be given a phrase, which will act as a primary key to your wallet. Save it
securely.
Set your password
Password is required to both open your wallet, and to perform any transactions.
You are in!
Now you are all set to explore the crypto world! Welcome to freedom!
Friendly tip: Having your passphrase on a sticky note under a keyboard might not be the best way to
store it.