What Is Bitcoin? A Simple Guide for Crypto Beginners

By: WEEX|2025-08-12 10:45:00
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Welcome to WEEX - the world’s fastest growing crypto derivatives trading platform.

Bitcoin revolutionized finance as the first decentralized digital currency, but how does it actually work? Understanding its technology, value proposition, and risks is essential before investing.

In the following article below, everything about Bitcoin will simply be explained for you.

What is Bitcoin?

Launched in 2009, Bitcoin is a cryptocurrency that enables peer-to-peer transactions without banks or governments. Unlike traditional currencies, it operates on a decentralized network of computers worldwide.

Transactions are verified through cryptography and recorded on a public blockchain ledger. This open system allows anyone to participate in Bitcoin's borderless financial ecosystem.

The Birth of Bitcoin

In 2008, the anonymous Satoshi Nakamoto published the groundbreaking Bitcoin whitepaper, introducing a decentralized digital currency. The network launched in 2009 when Nakamoto mined the Genesis Block (50 BTC reward).

Bitcoin's first real-world transaction occurred on May 22, 2010 - 10,000 BTC for two pizzas (now celebrated as Bitcoin Pizza Day ). By 2021, Bitcoin's price soared to a record $65,000+, showcasing its remarkable evolution from experimental concept to valuable asset.

How Bitcoin works?

Unlike government-issued fiat currencies managed by banks, Bitcoin operates through cryptographic verification. Transactions are publicly recorded on an open ledger, with details like sender, receiver, and amount visible to all.

All transactions are stored in interconnected "blocks" forming a tamper-proof chain. Each block contains a unique cryptographic hash of the previous one, creating an immutable record that ensures transparency and security.

Without central authorities, transaction verification is performed by miners who compete to add new blocks. Successful miners earn Bitcoin rewards, maintaining the network while introducing new coins into circulation.

The Advantages and Disadvantages of Bitcoin

We have mentioned part of the advantages of Bitcoins above, let’s deep dive into it…and don’t ignore the risk of it.

Advantages

  • Bitcoin operates without government or bank control, ensuring no one can freeze, tax, or seize your coins. Enjoy borderless transactions anytime, without intermediaries.
  • Transactions protect your identity while blockchain technology prevents fraud, double-spending, and tampering. Every payment is permanently recorded yet pseudonymous.

Disadvantages

  • Bitcoin's extreme price swings offer profit potential but equal danger. Prices surge or crash rapidly based on mining supply, investor demand, news cycles, and regulations—making it unsuitable for stable returns.
  • While secure by design, Bitcoin isn't risk-free. Users must safeguard private keys or risk permanent loss. Hackers also target wallets through phishing and scams, requiring constant vigilance.

Conclusion

If you want to know more crypto trading information for crypto investors, follow us on WEEX Learn. We have constantly provided essential trading knowledge to enhance your investment strategy and crypto journey.

Ready to start your crypto-currency experience today? – Buy Bitcoin on WEEX now!

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Mercadopago is widely recognized in Argentina as a trusted and reliable option for fast and seamless cryptocurrency purchases using ARS. With WEEX P2P, users can buy crypto directly through Mercadopago with zero fees, access 24/7 verified merchants, and enjoy ultra-fast release times.

Compared with Binance, Bybit, and local OTC platforms, WEEX consistently offers better ARS exchange rates, safer escrow protection, and more available ads for Mercadopago users.

As crypto adoption continues to rise in Argentina, secure and convenient access to digital assets has become increasingly important. With WEEX P2P, users can buy USDT, BTC, or ETH via Mercadopago with instant processing, 0% buyer fees, and professional merchant support.

 

What is P2P Trading?

Peer-to-Peer (P2P) trading allows users to buy and sell crypto directly with other users, while the platform acts as a secure intermediary.

On WEEX P2P:

Crypto is held in escrowSellers release assets only after payment is confirmedTrades are processed quickly and safely

This ensures zero counterparty risk and allows users to pay via local banking methods for a seamless experience.

 

Why WEEX P2P is the Best Choice for Mercadopago Users

WEEX P2P offers key advantages to users purchasing crypto with ARS via Mercadopago:

0% buyer fees:Save 2–8% compared to competing platforms and maximize the value of every tradeFast release times :Funds are typically released within 1–3 minutes, ensuring a smooth and efficient buying experienceOfficial escrow protection:Platform-managed escrow guarantees 100% transaction safetyFlexible trade sizes:Supports everything from small purchases to large-volume transactionsBest ARS exchange rates for Mercadopago users: Enjoy highly competitive pricing tailored for Mercadopago paymentsThousands of merchants online 24/7: Deep liquidity and constant availability at any time of dayMore Mercadopago ads than any competitor: Greater choice, faster matching, and higher deal completion rates

Whether you’re buying 1,000 ARS or 1,000,000 ARS, WEEX ensures fast, safe, and cost-efficient crypto purchases.

 

How to Buy Crypto with Mercadopago on WEEX P2P

Buying crypto with Mercadopago on WEEX is simple and fast. Follow these steps:

Register on WEEX and complete basic KYC verification Create your WEEX account and finish the basic identity verification process, which typically takes less than one minute to complete.Navigate to Buy Crypto → P2P Trading From the main menu, enter the P2P trading section and select ARS as your preferred fiat currency.Apply the “Mercadopago” filter Enable the Mercadopago payment filter to view only those merchant advertisements that support Mercadopago Mercadopagos.Select the most suitable merchant Review and compare available merchants based on key indicators, including:Exchange priceOrder completion rateTotal trading volumeReal-time online statusEnter the amount you wish to purchase Input your desired crypto amount, and the system will automatically calculate and display the exact payable amount in ARS.Complete the payment via Mercadopago Transfer the displayed amount using Mercadopago, following the bank details provided by the selected merchant.Confirm payment and notify the seller Click “Transferred, Notify Seller” after completing the transfer. The seller will then verify your payment and promptly release the cryptocurrency to your WEEX account.

Your Crypto will arrive instantly in your WEEX wallet — safe, fast, and with zero fees.

 

Frequently Asked Questions (FAQ)

Q1: Are there any fees when paying with Mercadopago? A: 0% fee for buyers. Only sellers pay a small fee.

Q2: How fast will I receive Crypto? A: Usually 1–5 minutes after marking payment as sent.

Q3: Is buying with Mercadopago safe on WEEX? A: Yes. All trades use official escrow.

Q4: Do I need full KYC? A: Basic KYC is required for P2P trading.

 

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Compared with Binance, Bybit, and local OTC platforms, WEEX consistently offers better ARS exchange rates, safer escrow protection, and more available ads for Mercadopago users.

As USDT adoption continues to rise in Argentina, secure and convenient access to digital assets has become increasingly important. With WEEX P2P, users can buy USDT, BTC, or ETH via Mercadopago with instant processing, 0% buyer fees, and professional merchant support.

 

What is P2P Trading?

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On WEEX P2P:

USDT is held in escrowSellers release assets only after payment is confirmedTrades are processed quickly and safely

This ensures zero counterparty risk and allows users to pay via local banking methods for a seamless experience.

 

Why WEEX P2P is the Best Choice for Mercadopago Users

WEEX P2P offers key advantages to users purchasing USDT with ARS via Mercadopago:

0% buyer fees:Save 2–8% compared to competing platforms and maximize the value of every tradeFast release times :Funds are typically released within 1–3 minutes, ensuring a smooth and efficient buying experienceOfficial escrow protection:Platform-managed escrow guarantees 100% transaction safetyFlexible trade sizes:Supports everything from small purchases to large-volume transactionsBest ARS exchange rates for Mercadopago users: Enjoy highly competitive pricing tailored for Mercadopago paymentsThousands of merchants online 24/7: Deep liquidity and constant availability at any time of dayMore Mercadopago ads than any competitor: Greater choice, faster matching, and higher deal completion rates

Whether you’re buying 1,000 ARS or 1,000,000 ARS, WEEX ensures fast, safe, and cost-efficient USDT purchases.

 

How to Buy USDT with Mercadopago on WEEX P2P

Buying USDT with Mercadopago on WEEX is simple and fast. Follow these steps:

Register on WEEX and complete basic KYC verification Create your WEEX account and finish the basic identity verification process, which typically takes less than one minute to complete.Navigate to Buy USDT → P2P Trading From the main menu, enter the P2P trading section and select ARS as your preferred fiat currency.Apply the “Mercadopago” filter Enable the Mercadopago payment filter to view only those merchant advertisements that support Mercadopago Mercadopagos.Select the most suitable merchant Review and compare available merchants based on key indicators, including:Exchange priceOrder completion rateTotal trading volumeReal-time online statusEnter the amount you wish to purchase Input your desired USDT amount, and the system will automatically calculate and display the exact payable amount in ARS.Complete the payment via Mercadopago Transfer the displayed amount using Mercadopago, following the bank details provided by the selected merchant.Confirm payment and notify the seller Click “Transferred, Notify Seller” after completing the transfer. The seller will then verify your payment and promptly release the USDTcurrency to your WEEX account.

Your USDT will arrive instantly in your WEEX wallet — safe, fast, and with zero fees.

 

Frequently Asked Questions (FAQ)

Q1: Are there any fees when paying with Mercadopago? A: 0% fee for buyers. Only sellers pay a small fee.

Q2: How fast will I receive USDT? A: Usually 1–5 minutes after marking payment as sent.

Q3: Is buying with Mercadopago safe on WEEX? A: Yes. All trades use official escrow.

Q4: Do I need full KYC? A: Basic KYC is required for P2P trading.

 

Ready to Buy USDT with Mercadopago?

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Compared with Binance, Bybit, and local OTC platforms, WEEX consistently offers better ARS exchange rates, safer escrow protection, and more available ads for Mercadopago users.

As BTC adoption continues to rise in Argentina, secure and convenient access to digital assets has become increasingly important. With WEEX P2P, users can buy USDT, BTC, or ETH via Mercadopago with instant processing, 0% buyer fees, and professional merchant support.

 

What is P2P Trading?

Peer-to-Peer (P2P) trading allows users to buy and sell BTC directly with other users, while the platform acts as a secure intermediary.

On WEEX P2P:

BTC is held in escrowSellers release assets only after payment is confirmedTrades are processed quickly and safely

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Why WEEX P2P is the Best Choice for Mercadopago Users

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0% buyer fees:Save 2–8% compared to competing platforms and maximize the value of every tradeFast release times :Funds are typically released within 1–3 minutes, ensuring a smooth and efficient buying experienceOfficial escrow protection:Platform-managed escrow guarantees 100% transaction safetyFlexible trade sizes:Supports everything from small purchases to large-volume transactionsBest ARS exchange rates for Mercadopago users: Enjoy highly competitive pricing tailored for Mercadopago paymentsThousands of merchants online 24/7: Deep liquidity and constant availability at any time of dayMore Mercadopago ads than any competitor: Greater choice, faster matching, and higher deal completion rates

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How to Buy BTC with Mercadopago on WEEX P2P

Buying BTC with Mercadopago on WEEX is simple and fast. Follow these steps:

Register on WEEX and complete basic KYC verification Create your WEEX account and finish the basic identity verification process, which typically takes less than one minute to complete.Navigate to Buy BTC → P2P Trading From the main menu, enter the P2P trading section and select ARS as your preferred fiat currency.Apply the “Mercadopago” filter Enable the Mercadopago payment filter to view only those merchant advertisements that support Mercadopago Mercadopagos.Select the most suitable merchant Review and compare available merchants based on key indicators, including:Exchange priceOrder completion rateTotal trading volumeReal-time online statusEnter the amount you wish to purchase Input your desired BTC amount, and the system will automatically calculate and display the exact payable amount in ARS.Complete the payment via Mercadopago Transfer the displayed amount using Mercadopago, following the bank details provided by the selected merchant.Confirm payment and notify the seller Click “Transferred, Notify Seller” after completing the transfer. The seller will then verify your payment and promptly release the BTCcurrency to your WEEX account.

Your BTC will arrive instantly in your WEEX wallet — safe, fast, and with zero fees.

 

Frequently Asked Questions (FAQ)

Q1: Are there any fees when paying with Mercadopago? A: 0% fee for buyers. Only sellers pay a small fee.

Q2: How fast will I receive BTC? A: Usually 1–5 minutes after marking payment as sent.

Q3: Is buying with Mercadopago safe on WEEX? A: Yes. All trades use official escrow.

Q4: Do I need full KYC? A: Basic KYC is required for P2P trading.

 

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Compared with Binance, Bybit, and local OTC platforms, WEEX consistently offers better ARS exchange rates, safer escrow protection, and more available ads for Mercadopago users.

As USDC adoption continues to rise in Argentina, secure and convenient access to digital assets has become increasingly important. With WEEX P2P, users can buy USDT, BTC, or ETH via Mercadopago with instant processing, 0% buyer fees, and professional merchant support.

 

What is P2P Trading?

Peer-to-Peer (P2P) trading allows users to buy and sell USDC directly with other users, while the platform acts as a secure intermediary.

On WEEX P2P:

USDC is held in escrowSellers release assets only after payment is confirmedTrades are processed quickly and safely

This ensures zero counterparty risk and allows users to pay via local banking methods for a seamless experience.

 

Why WEEX P2P is the Best Choice for Mercadopago Users

WEEX P2P offers key advantages to users purchasing USDC with ARS via Mercadopago:

0% buyer fees:Save 2–8% compared to competing platforms and maximize the value of every tradeFast release times :Funds are typically released within 1–3 minutes, ensuring a smooth and efficient buying experienceOfficial escrow protection:Platform-managed escrow guarantees 100% transaction safetyFlexible trade sizes:Supports everything from small purchases to large-volume transactionsBest ARS exchange rates for Mercadopago users: Enjoy highly competitive pricing tailored for Mercadopago paymentsThousands of merchants online 24/7: Deep liquidity and constant availability at any time of dayMore Mercadopago ads than any competitor: Greater choice, faster matching, and higher deal completion rates

Whether you’re buying 1,000 ARS or 1,000,000 ARS, WEEX ensures fast, safe, and cost-efficient USDC purchases.

 

How to Buy USDC with Mercadopago on WEEX P2P

Buying USDC with Mercadopago on WEEX is simple and fast. Follow these steps:

Register on WEEX and complete basic KYC verification Create your WEEX account and finish the basic identity verification process, which typically takes less than one minute to complete.Navigate to Buy USDC → P2P Trading From the main menu, enter the P2P trading section and select ARS as your preferred fiat currency.Apply the “Mercadopago” filter Enable the Mercadopago payment filter to view only those merchant advertisements that support Mercadopago Mercadopagos.Select the most suitable merchant Review and compare available merchants based on key indicators, including:Exchange priceOrder completion rateTotal trading volumeReal-time online statusEnter the amount you wish to purchase Input your desired USDC amount, and the system will automatically calculate and display the exact payable amount in ARS.Complete the payment via Mercadopago Transfer the displayed amount using Mercadopago, following the bank details provided by the selected merchant.Confirm payment and notify the seller Click “Transferred, Notify Seller” after completing the transfer. The seller will then verify your payment and promptly release the USDCcurrency to your WEEX account.

Your USDC will arrive instantly in your WEEX wallet — safe, fast, and with zero fees.

 

Frequently Asked Questions (FAQ)

Q1: Are there any fees when paying with Mercadopago? A: 0% fee for buyers. Only sellers pay a small fee.

Q2: How fast will I receive USDC? A: Usually 1–5 minutes after marking payment as sent.

Q3: Is buying with Mercadopago safe on WEEX? A: Yes. All trades use official escrow.

Q4: Do I need full KYC? A: Basic KYC is required for P2P trading.

 

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What is P2P Trading?

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On WEEX P2P:

ETH is held in escrowSellers release assets only after payment is confirmedTrades are processed quickly and safely

This ensures zero counterparty risk and allows users to pay via local banking methods for a seamless experience.

 

Why WEEX P2P is the Best Choice for Mercadopago Users

WEEX P2P offers key advantages to users purchasing ETH with ARS via Mercadopago:

0% buyer fees:Save 2–8% compared to competing platforms and maximize the value of every tradeFast release times :Funds are typically released within 1–3 minutes, ensuring a smooth and efficient buying experienceOfficial escrow protection:Platform-managed escrow guarantees 100% transaction safetyFlexible trade sizes:Supports everything from small purchases to large-volume transactionsBest ARS exchange rates for Mercadopago users: Enjoy highly competitive pricing tailored for Mercadopago paymentsThousands of merchants online 24/7: Deep liquidity and constant availability at any time of dayMore Mercadopago ads than any competitor: Greater choice, faster matching, and higher deal completion rates

Whether you’re buying 1,000 ARS or 1,000,000 ARS, WEEX ensures fast, safe, and cost-efficient ETH purchases.

 

How to Buy ETH with Mercadopago on WEEX P2P

Buying ETH with Mercadopago on WEEX is simple and fast. Follow these steps:

Register on WEEX and complete basic KYC verification Create your WEEX account and finish the basic identity verification process, which typically takes less than one minute to complete.Navigate to Buy ETH → P2P Trading From the main menu, enter the P2P trading section and select ARS as your preferred fiat currency.Apply the “Mercadopago” filter Enable the Mercadopago payment filter to view only those merchant advertisements that support Mercadopago Mercadopagos.Select the most suitable merchant Review and compare available merchants based on key indicators, including:Exchange priceOrder completion rateTotal trading volumeReal-time online statusEnter the amount you wish to purchase Input your desired ETH amount, and the system will automatically calculate and display the exact payable amount in ARS.Complete the payment via Mercadopago Transfer the displayed amount using Mercadopago, following the bank details provided by the selected merchant.Confirm payment and notify the seller Click “Transferred, Notify Seller” after completing the transfer. The seller will then verify your payment and promptly release the ETHcurrency to your WEEX account.

Your ETH will arrive instantly in your WEEX wallet — safe, fast, and with zero fees.

 

Frequently Asked Questions (FAQ)

Q1: Are there any fees when paying with Mercadopago? A: 0% fee for buyers. Only sellers pay a small fee.

Q2: How fast will I receive ETH? A: Usually 1–5 minutes after marking payment as sent.

Q3: Is buying with Mercadopago safe on WEEX? A: Yes. All trades use official escrow.

Q4: Do I need full KYC? A: Basic KYC is required for P2P trading.

 

Ready to Buy ETH with Mercadopago?

Start buying ETH in under 3 minutes — fast, safe, and 0% fee for buyers!

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As more users in Brazil embrace crypto, secure and user-friendly access to digital assets is becoming a key need. With WEEX P2P, users can buy USDT, BTC, or ETH via Pix with instant processing, 0% buyer fees, and professional merchant support.

 

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Crypto is held in escrowSellers release assets only after payment is confirmedTrades are processed quickly and safely

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Why WEEX P2P is the Best Choice for Pix Users

WEEX P2P offers key advantages to users purchasing crypto with BRL via Pix:

0% buyer fees:Save 2–8% compared to competing platforms and maximize the value of every tradeFast release times :Funds are typically released within 1–3 minutes, ensuring a smooth and efficient buying experienceOfficial escrow protection:Platform-managed escrow guarantees 100% transaction safetyFlexible trade sizes:Supports everything from small purchases to large-volume transactionsBest BRL exchange rates for Pix users: Enjoy highly competitive pricing tailored for Pix paymentsThousands of merchants online 24/7: Deep liquidity and constant availability at any time of dayMore Pix ads than any competitor: Greater choice, faster matching, and higher deal completion rates

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How to Buy Crypto with Pix on WEEX P2P

Buying crypto with Pix on WEEX is simple and fast. Follow these steps:

Register on WEEX and complete basic KYC verification Create your WEEX account and finish the basic identity verification process, which typically takes less than one minute to complete.Navigate to Buy Crypto → P2P Trading From the main menu, enter the P2P trading section and select BRL as your preferred fiat currency.Apply the “Pix” filter Enable the Pix payment filter to view only those merchant advertisements that support Pix bank transfers.Select the most suitable merchant Review and compare available merchants based on key indicators, including:Exchange priceOrder completion rateTotal trading volumeReal-time online statusEnter the amount you wish to purchase Input your desired crypto amount, and the system will automatically calculate and display the exact payable amount in BRL.Complete the payment via Pix Transfer the displayed amount using Pix, following the bank details provided by the selected merchant.Confirm payment and notify the seller Click “Transferred, Notify Seller” after completing the transfer. The seller will then verify your payment and promptly release the cryptocurrency to your WEEX account.

Your Crypto will arrive instantly in your WEEX wallet — safe, fast, and with zero fees.

 

Frequently Asked Questions (FAQ)

Q1: Are there any fees when paying with Pix? A: 0% fee for buyers. Only sellers pay a small fee.

Q2: How fast will I receive Crypto? A: Usually 1–5 minutes after marking payment as sent.

Q3: Is buying with Pix safe on WEEX? A: Yes. All trades use official escrow.

Q4: Do I need full KYC? A: Basic KYC is required for P2P trading.

 

Ready to Buy Crypto with Pix?

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