Post
Topic
Board Beginners & Help
Re: How do we explain a BITCOIN to a small child?
by
boyptc
on 17/12/2018, 14:10:12 UTC
With ordinary money you need to pay a fee when you send money because the money has to go from one bank to another and those banks have fees. With computer money you don't need to pay a fee because the coins go directly to the other person's computer.
Well by sending bitcoin, you are now required to pay a very small fee.

In short you can tell a kid that bitcoin is a computer money that you can send to others computer wherever they are in this world.