Many times, we do not want people to know what we're buying. Bitcoin is a currency that offers you the privacy you want. On the other hand, "Bitcoin is what?" As we mentioned in our letter has a transparent feature. Processes made (without visible to the public) are known by the Bitcoin transaction network (Block Chain).Unlike bank accounts, nobody knows who holds personal addresses in Bitcoin. Think of it as an empty purse wallet visible inside. Everyone can look inside but nobody knows who it is. However, some people are not smart enough to make money transfers over just one address, or only send money in a single address. This poses a risk and may reveal your identity online if it is difficult.