Bitcoin Era

What is Bitcoin?

Bitcoin is a digital age cryptocurrency, designed by Satoshi Nakamoto under an open-source license. It is like electronic cash, and you can instantly transfer this digital currency anywhere in the world. In other terms, we can even say that for the internet, Bitcoins are the same as cash.

No bank or government prints this decentralized currency. Moreover, if we say it does not have any physical appearance, that won’t be wrong.

Bitcoin works without any single administrator or central bank intervention, and users transfer this digital currency through cryptography.

What is Cryptography?

It is the practice of encrypting confidential data to keep it safe and secure from third parties. Along with protecting data from alteration or theft, cryptography is also used for user authentication.

Why crytocurrency uses crytography?

Cryptocurrencies use cryptography technique for three basic purposes:

• To secure transactions
• For controlling additional units creation
• To verify the secure transfer of assets

To achieve all the three things listed above, cryptocurrencies rely on “public-key cryptography.”

What is Cryptocurrency Exchange?

It is a service where digital currencies like Bitcoin, Ethereum, and many more, are converted to other digital currencies or fiat (paper) currencies.

Why should I provide my personal details in Bitcoin trading?

To provide high privacy and meet our top-notch security standards, we need to know a bit about you before beginning with Bitcoin trading. We need to verify the user details as this helps us keep your account safe from any fraud.

It is suggested that everyone should go through this verification process to rule out any risks associated with theft. Once you submit your details, we quickly get them verified to allow you to begin your trading and earn profits.

Can I Buy Bitcoin?

Yes, you can buy it online. The smallest unit of Bitcoin is Santoshi, named after its creator Santoshi Nakamoto. One Santoshi is around $0.0002, which is one hundred-millionth of Bitcoin.

Can I sell Bitcoins?

Yes, you can sell them to an exchange or even to an actual person online. The selling process is almost similar to the buying process.

Why has the cost of Bitcoin increased rapidly?

Unlimited demand and the limited supply is considered as one of the primary reason for its increasing price. People consider it future finance and make this financial investment with the belief that other people will look for it more in the coming future.

How many Bitcoins exist?

Every 10 minutes, around 12.5 Bitcoins releases through mining. So far, there are about 16.7 million Bitcoins in the market. The number is expected to reach nearly 21 million by 2040.

What is a Bitcoin Wallet?

It is software where the private key linked with the Bitcoin is stored. Your wallet gives you access to your Bitcoin through the saved key. You can communicate with the Bitcoin network only through your wallet.

Only the key is saved and not the Bitcoin in the wallet, so if you lose access to the stored private key, your Bitcoin is also lost forever.

How can I begin trading Bitcoin?

Visit our Login page. Register yourself, finance, and begin trading at our easy to use platform.

What makes Bitcoin valuable?

Bitcoin, the digital currency, becomes valuable because of its following advantages:

• Easy storage and transfer
• People accept it in exchange for goods
• Limited supply

Do people use Bitcoins?

Yes, millions of transactions are done daily with Bitcoins. This indicates that the network is used frequently. Now businesses are increasingly accepting Bitcoins as the mode of payment.

Compared comparison to other currencies, Bitcoin is not much old but has gained huge value in a shorter time. With the advancements in technology, we think Bitcoin will dominate the currencies world.

How tough is it to make payments with Bitcoins?

It is much easier than making payments with credit or debit cards. All you require is your wallet address and the software through which you can pay or request Bitcoins. You can make payments easily from your computer or your smartphone. Just enter the address of the receiver, payment amount, send, and that’s it.

Why should I use Bitcoins?

You will get several reasons to invest in Bitcoins:

• Top-performing currency from the past many years.
• Being global currency, you can send Bitcoins anytime, anywhere, throughout the world.
• Bitcoins stay safe in your non-custodial wallet, which means nothing can make you out of your funds.
• Bitcoins are helping millions of people worldwide save, transact, and make their way towards a better financial future.

These are some of the top reasons for investing in Bitcoins. However, you will experience huge benefits once you started investing in Bitcoins. Register with us now and reap huge profits.

Is Bitcoin safe?

Yes, Bitcoin is an extremely safe digital currency with an uptime network of 99.99%. This secure, efficient, and functional technology use cryptography. Moreover, the world’s best developers keep on inspecting, auditing, and improving the network continuously.

If you ever hear Bitcoin getting hacked, it is because of any breach in the crypto exchange security. Hacking the Bitcoin network is nearly impossible because it is the most secure distributed network globally.

Is Bitcoin legal?

Leaving a few, Bitcoin is legal in almost all jurisdictions. There are very few nations where Bitcoin is yet to hold its place as a digital currency. Regulations vary from one place to another. So it would be better to go through and research the laws of your location first and understand the regulatory policies before beginning with Bitcoin trading.

Can I lose my Bitcoins?

Losing Bitcoins is not possible, but yes, if you lose your wallet containing Bitcoins, there is no way to recover the linked private key, and your Bitcoin goes out of circulation.