# What is BTC

By [Deep Dey](https://paragraph.com/@deep-dey) · 2023-03-22

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Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for the work done to verify transactions and can be purchased on several exchanges.

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*Originally published on [Deep Dey](https://paragraph.com/@deep-dey/what-is-btc)*