Bitcoin FAQ

Bitcoin is a revolutionary digital currency that operates independently of a central authority, using a decentralized network secured by cryptography.

The Bitcoin network is designed with a cap of 21 million coins, ensuring its scarcity and value.

We guide you through purchasing Bitcoin on various crypto exchanges, offering a range of payment methods including bank transfers, credit cards, and gift cards.

While Bitcoin presents an exciting investment opportunity, it’s important to be aware of its volatility. We recommend investing only what you can afford to lose.

A Bitcoin wallet is your digital keychain, securing your private keys and facilitating transactions. We can help you choose one that balances convenience and security, from mobile apps to hardware wallets.

Yes, you can! Many exchanges support credit card purchases, but we advise you to be mindful of potential fees and fraud risks.

We understand that everyone starts somewhere, and many exchanges allow you to buy fractions of Bitcoin for as little as $10.

Bitcoin, often referred to as digital gold, is the original cryptocurrency and primarily acts as a store of value, unlike other cryptocurrencies that may offer additional functionalities.

Yes, transactions on the Bitcoin network do incur fees, which compensate miners for processing and securing your transactions.

We advocate for cold storage solutions like hardware wallets, which keep your Bitcoin offline and safe from online threats. However, when getting started with Bitcoin, we recommend taking it step by step, and get familiar with using online wallets first.

While it’s a bit more complex, we can guide you through purchasing Bitcoin anonymously using certain peer-to-peer exchanges. Generally speaking all Bitcoin transactions are visible on the blockchain, making it incredibly transparent.

Depending on where you live, Bitcoin may be taxed as property or a capital asset. We suggest consulting with a tax professional.

You can sell your Bitcoin through exchanges, peer-to-peer platforms, or even Bitcoin ATMs.

From everyday items to luxury goods, we show you how Bitcoin can be used to buy a variety of products and services.

Blockchain is the innovative ledger system that makes Bitcoin secure and transparent, and we’re here to help you understand how it works.

The legal status of Bitcoin varies, so we recommend checking your local regulations.

You can move Bitcoin to another individual by transmitting it from your wallet to the designated Bitcoin address of the recipient.

Bitcoin mining is the mechanism that introduces new Bitcoins into the ecosystem and validates transactions across the network.

Trading Bitcoin can be profitable, but we caution you about the significant risks and the need for market knowledge.

We want you to be aware of the risks, such as market volatility and security threats, before investing in Bitcoin.

Dollar-cost averaging is a financial tactic involving consistent investments of a set sum of money, serving to mitigate the effects of market fluctuations in Bitcoin investments.

A Bitcoin ETF is a type of investment fund that mirrors the price movements of Bitcoin, offering a method to invest in its value without holding the cryptocurrency itself.

In order to safely use Bitcoin, we emphasize the importance of using trusted exchanges, enabling security features like two-factor authentication, and safeguarding your private keys.