- Bitcoin is a peer-to-peer digital form of currency (digital coins) you can send and receive directly through the internet without a central, controlling, third party authority. Bitcoins are considered by many to be better than other methods of transferring money online because with Bitcoin the money gets transferred directly without going through a bank or other clearing house. Bitcoins are like gold or a stock in that a Bitcoin has a price per coin. Advantages of Bitcoin to people wishing to purchase online using Bitcoin:Any fees associat... br br See the full article WHAT IS BITCOIN - br this video can be found at: br br br what is bitcoin, bitcoin, purchase bitcoins, coinbase, whatispedia, whatispedia.