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What is Bitcoin?
Bitcoin is a digital token that can be sent electronically from one user to another, anywhere 
in the world.
Bitcoin is also the name of the payment network on which the Bitcoin digital tokens move. Some
people differentiate between Bitcoin capitalized, as the token, and bitcoin lowercase, as the
network. Unlike traditional payment networks like Visa or American Express, no single company
or person runs the Bitcoin network. Instead, it is a decentralized network of computers around 
the world that keep track of all Bitcoin transactions, similar to the decentralized network of
servers that makes the internet work.
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IconBitcoin is not anonymous
Some effort is required to protect your privacy with Bitcoin. All Bitcoin transactions are
stored publicly and permanently on the network, which means anyone can see the balance and 
transactions of any Bitcoin address. However, the identity of the user behind an address 
remains unknown until information is revealed during a purchase or in other circumstances. This
is one reason why Bitcoin addresses should only be used once. Always remember that it is your
responsibility to adopt good practices in order to protect your privacy. Read more about
protecting your privacy.
IconUnconfirmed transactions aren't secure
Transactions don't start out as irreversible. Instead, they get a confirmation score that
indicates how hard it is to reverse them (see table). Each confirmation takes between a few
seconds and 90 minutes, with 10 minutes being the average. If the transaction pays too low a
fee or is otherwise atypical, getting the first confirmation can take much longer.
Confirm­ations Lightweight wallets Bitcoin Core
0 Only safe if you trust the person paying you
1 Somewhat reliable Mostly reliable
3 Mostly reliable Highly reliable
6 Minimum recommendation for high-value bitcoin transfers
30 Recommendation during emergencies to allow human intervention