Exchange Yandex Money to Bitcoin

The Perfect Money payment system was established in 2007. Today, Perfect Money is a service that allows users to make instant payments and financial transactions on the Web and provides unique opportunities for Internet users and owners of Internet businesses. The system uses three types of currencies: PM-USD, PM-EUR, PM-gold. Perfect Money is an international payment system, so any user can open an account in it, regardless of his location.

Bitcoin is a peer-to-peer electronic cash system that uses units of account under the same name. Bitcoins may be used to pay for goods and services provided that the suppliers accept them. There is a mechanism that allows to exchange bitcoins for traditional currencies with the help of special currency markets and exchange offices. On of the major Bitcoin distinctions is that it has no centralized issuing authority. The issuing mechanism can be used by anyone but within strict limits and only by using computational resources of the special hardware that is used to avoid double-spending. The base element of Bitcoin is an open-source code client application. The client applications are peer-to-peer networked with the help of an application layer protocol. For ensuring normal functioning and security of the system, cryptographic methods are used.