FAQ's
Frequently Asked Questions
Find quick answers to the most common questions.
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What is Bitcoin?
Bitcoin is secure due to its decentralized nature, cryptographic encryption, and the difficulty of altering the blockchain. It is the most secure decentralized network in the world.
How does Bitcoin work?
Bitcoin transactions are recorded on a blockchain, a public ledger maintained by a network of computers (nodes). Miners validate transactions by solving cryptographic puzzles, adding them to the blockchain, and earning new Bitcoin as a reward. Learn more here.
Is Bitcoin safe and secure?
Bitcoin is secure due to its decentralized nature, cryptographic encryption, and the difficulty of altering the blockchain. It is the most secure decentralized network in the world. Learn more here.
What gives Bitcoin its value?
Bitcoin's value is derived from its scarcity (limited supply of 21 million coins), decentralization, utility as a digital currency, and increasing adoption as a store of value or investment.
How do I buy Bitcoin?
Bitcoin can be purchased on cryptocurrency exchanges like Coinbase, Binance, and Kraken. You can use fiat currencies or other cryptocurrencies to buy Bitcoin. Depending on your country there are various exchanges to buy Bitcoin.
How do I store Bitcoin?
Bitcoin can be stored in digital wallets, which are either hot wallets (online and connected to the internet) or cold wallets (offline for enhanced security).
What is Bitcoin Mining?
Bitcoin mining is the process of validating and adding transactions to the blockchain by solving complex cryptographic puzzles. Miners are rewarded with newly created Bitcoin for their work.
Still Have Questions?
Still have questions? Feel free to get in touch with us today!
What is Bitcoin?
How does Bitcoin work?
Is Bitcoin safe and secure?
What gives Bitcoin its value?
How do I buy Bitcoin?
How do I store Bitcoin?
What is Bitcoin Mining?