Bitcoins are digital tokens that exist on the Bitcoin peer-to-peer network. When referred to as tokens, they are spelt with a lowercase ‘b’. The Bitcoin peer-to-peer network that bitcoins are stored on is the first successful, decentralized Internet currency that enables fast, real world payments to anyone with an Internet connection. It is not reliant on any financial institutions, governments or firms and it enables users to send money over the Internet without needing a credit card or bank account. Bitcoin is a legitimate method of payment in most countries, however laws have not yet been drafted in many countries and its legality may vary in different jurisdictions. Please check with your local jurisdiction to see if there are any restrictions or laws that apply specifically to Bitcoin. You can find more information about Bitcoin at the WeUseCoins or Bitcoin website.