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Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application. The European Banking Authority has warned that bitcoin lacks consumer protections, free bitcoin casino. Unlike credit cards, any fees are paid by the purchaser not the vendor.
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