Is Bitcoin secure?
Every transaction is recorded publicly so it's very difficult to copy Bitcoins, make fake ones or spend ones you don't own.
It is possible to lose your Bitcoin wallet or delete your Bitcoins and lose them forever. There have also been thefts from websites that let you store your Bitcoins remotely.
The value of Bitcoins has gone up and down over the years since it was created in 2009 and some people don't think it's safe to turn your 'real' money into Bitcoins.
This concern was expressed by the head of The Bank of England, Andrew Bailey, in October 2020.
He said that he was "very nervous" about people using Bitcoin for payments pointing out that investors should realise its price is extremely volatile.
By this, he meant that the value could drop significantly at any moment and investors could lose a lot of money.
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