Securities and Exchange Commission requires users to verify their identities when registering for digital wallets as part of its Anti- Money Laundering Policy. Remember that the bitcoin exchange and the bitcoin wallet are not the same things. Bitcoin Definition Bitcoin is a digital or virtual currency created in that uses peer-to-peer technology to facilitate instant payments. You can use the home page tool to narrow down more exchanges. After creating an account, users can post requests to buy or sell bitcoin, including information about payment methods and price.