Bitcoin or BTC is commonly categorized as a digital currency, digital asset, and cryptocurrency. It facilitates an alternative way to send money over the internet to and from anywhere in the world. By using Bitcoin, the transaction is “peer-to-peer” or, in other words, the transaction is directly between a sender and a receiver. Without the middlemen such as banks or other payment gateways, Bitcoin transactions are faster and cheaper than fiat ones.
Bitcoin is not tangible and completely virtual. To “own” Bitcoin, you can convert your Thai Baht (THB) to Bitcoin (BTC) or vice-versa using Bitkub platform.