Biggest bitcoin transaction – level 2

02-04-2014 15:00

A villa on Bali has been sold in bitcoins. It is the largest bitcoin transaction to date. It cost almost 1,000 bitcoins which is around 600,000 U.S. dollars.

The villa was bought by an anonymous buyer in Texas. The property has two bedrooms, two bathrooms and a private pool.

The digital currency is not yet legal. Governments of the world may put regulations in place.

Difficult words: to date (until now), anonymous (we don’t know the name of the buyer), property (building).

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

Are bitcoins a good idea?

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