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What is Bitcoin? ?? Ultimate Beginners� Guide! ? (EUREKA Moment ??) You Will Understand Bitcoin! ??There are several different ways to buy bitcoin. Most commonly, however, bitcoin is bought through a cryptocurrency exchange. Crypto exchanges are versatile. Bitcoins are exchangeable for fiat currency via cryptocurrency exchanges and can be used to make purchases from merchants and retailers that accept them. It just requires an account at a service or an exchange, and a way to store your purchases safely.