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bitcoin

A Complete Beginner's Guide To Bitcoin

Our guides explain what is bitcoin, how it works and how you can use cryptocurrency in everyday life.

Bitcoin is the oldest and best-known cryptocurrency. It was born on 3 January 2009. More than 16.7 million bitcoins were in circulation as of December 2017…

We could, in turn, ask whether it’s safe to use the US dollar. As with any other type of money, there are specific issues Bitcoin users need to know
Many are attracted to Bitcoin by its independence and pseudo-anonymity. But its convenience of use, speed and costs are not always as attractive as
Bitcoins can be bought for US dollars, euros or another fiat or cryptocurrency on a crypto exchange, directly from other individuals, or using a special
Bitcoins are stored on the Bitcoin blockchain network. A special program – a “wallet” – is needed to access and use one’s coins. The walle
First decide whether you need an online wallet, an offline wallet, or both. Then you can consider specific wallets. Wallet types are mainly about
You can sell bitcoins online via exchanges and peer-to-peer platforms, and offline by meeting a buyer in person. You might also be able to do
The process of confirming Bitcoin transactions and recording them on the distributed ledger is called “mining”. The mining process helps to
Mining 1 bitcoin a year might cost you thousands of dollars. If you’re lucky. When Bitcoin was launched in 2009 it was possible to mine the first
Bitcoins have value for the same reason the US dollar does – it’s a useful form of money that’s used by people to buy and sell things.

How Is The Price of Bitcoins Set?

Two words: demand and supply. The price goes up when demand for bitcoins grows, and it goes down when demand wanes.

You can either do it with help from third parties, or customers can pay you in person without a middleman.

In traditional fiat money systems, governments simply print more money when they need to. But in bitcoin, money isn’t printed at all – it is
Now that you finally have your own digital coins, you must be wondering what to buy with bitcoins. Some businesses stopped accepting Bitcoin
After seeing how the prices can double and even triple in a short timeframe, you must be wondering how to invest in Bitcoin. This does not
Everybody would like to make money as quickly and simply as possible. This has brought to life many frauds and scams that take advantage of gullible
Ever since the inception of Bitcoin, but especially following its jump in popularity, there have been questions on whether it is safe to invest. Nobody
When dealing with money, you want to be on the safe side, and learning more about Bitcoin regulators’ opinions, licenses and tax laws can help you put
Since we know that fiat money is controlled by governments and banks, who controls Bitcoin is the next question. This is simply answered
Who created Bitcoin? Bitcoin is the product of Satoshi Nakamoto, an unknown individual or group of people. Nobody knows who Satoshi is,
To be able to buy and sell Bitcoin, you need a wallet. It is a bit similar to a bank account, where you receive, store, and send Bitcoin. The wallet
Bitcoin is far from a traditional currency, so the approach to it should be different as well. This is also why you need a Bitcoin wallet: since Bitcoin
To understand the topic of hardware for Bitcoin mining, you first need to understand what is Bitcoin mining. Bitcoin mining is the process by which
To be able to buy and sell Bitcoin, you need a wallet. It is a bit similar to a bank account, where you receive, store, and send Bitcoin. The wallet
If you’re new to cryptocurrency but already have a PayPal account and money in it, you may want to know how to buy Bitcoin with PayPal. It turns
You bought your coins and now you want to keep them as safe as possible. Read our Top 10 Bitcoin security tips to find out how. Store
There are several things you need to know before you buy Bitcoin, and our guide will take you through them. The internet is full of pieces of advice
Why buy Bitcoin with cash in the first place? Well, it’s private and usually quick, and one of the easiest ways to get Bitcoins. If you’d like to sell Bitcoin
Buying Bitcoins using a credit card used to be very difficult. But as the industry is spreading and encompassing many different
What is cold storage for Bitcoin is one of the most often asked questions due to the rising popularity and people’s need to keep their coins secure. The
If you are wondering how to use Bitcoin, studying its inner workings might help, too. You may have discovered that the questions about
Public Bitcoin history begins on 18 August 2008, when the domain name bitcoin.org was registered. Later that year on 31 October, a link to a paper
A new way of trading and investing in crypto technology, Bitcoin ETFs made headlines in 2018. Proponents of ETFs describe them as tools for driving
Although Bitcoin has a $60 billion market cap at the moment, it is still nothing when compared with huge global currency markets. Until the BTC
Bitcoin Lightning Network is a second-layer solution that uses payment channels in order to settle transactions quickly without having to
You’ve started your own business and added the general means of payment, like credit card and PayPal. However, you’ve been considering adding
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