Biggest bitcoin transaction – level 1

02-04-2014 15:00

A villa is sold. The villa is in Bali. The building is sold in bitcoins. People pay 1,000 bitcoins for the villa. That is around 600,000 U.S. dollars.

The buyer is from Texas. We don’t know who it is. The building has two bedrooms, two bathrooms and a private pool.

Bitcoin is digital money. It is not yet legal. Leaders of countries can make it legal.

Difficult words: sell (give for money), buyer (person who buys something), leader (boss).

You can read the original story and watch the video in the Level 3 section.

Are bitcoins a good idea?

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