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Bitcoin

What is Bitcoin?

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 with a total value of about USD 250 billion. That’s still almost nothing compared to...

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Is it safe to use Bitcoin?

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 about in order to keep their funds as safe as possible. They include Bitcoin price changes...

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Bitcoin pros and cons

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 one would like. The main advantage of using Bitcoin for payment is you do not need a middleman...

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How to buy Bitcoin?

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 ATM. It’s good to know that you can buy fractions of a bitcoin. So you don’t have to...

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How to store Bitcoin?

Bitcoins are stored on the Bitcoin blockchain network. A special program – a “wallet” – is needed to access and use one’s coins. The wallet safeguards the secret code you need to use your bitcoins and helps manage transactions...

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How to choose a Bitcoin wallet?

First decide whether you need an online wallet, an offline wallet, or both. Then you can consider specific wallets. Wallet types are mainly about security and convenience: online wallets are more suitable for daily use but aren’t very secure...

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How to sell Bitcoin?

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 so using a Bitcoin ATM. The fees and price will differ, as will levels of security, privacy, and...

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What is Bitcoin mining?

The process of confirming Bitcoin transactions and recording them on the distributed ledger is called “mining”. The mining process helps to decentralize the network’s security and create new bitcoins. Put very simply, it works like...

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How to mine Bitcoin?

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 cryptocurrency using a personal computer. Now, with more and more miners joining the race for...

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Why do Bitcoin have value?

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. While the US dollar’s value is supported by the government, which gives it a legal status and uses...

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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. So the price of Bitcoin shows how much people are willing to pay for it at a given time based on their expectations regarding...

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How to accept Bitcoin in business?

You can either do it with help from third parties, or customers can pay you in person without a middleman. That applies to both online and offline businesses. The easiest way may be to use a Bitcoin payment processor service with existing...

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How Bitcoin mining works?

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 discovered. Computers around the world ‘mine’ for coins by competing with each other.

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What can I buy with Bitcoin?

Now that you finally have your own digital coins, you must be wondering what to buy with bitcoins. Some businesses stopped accepting Bitcoin due to the volatility in price, but that doesn’t mean that you can’t use the coins as a method of...

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Who accepts Bitcoin?

Who accepts bitcoins as payment? Since Bitcoin is relatively new and many businesses are wary of its price fluctuations, it is not very widely accepted, compared to traditional fiat currencies. However, retailers and services that accept...

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How to invest in 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 have to be a difficult thing - buying and investing in Bitcoin are becoming quite commonplace. Before...

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How to get free Bitcoins?

Now that you’ve learned how to get Bitcoin, you must be wondering if there is an easier way. To be fair, there is no such thing as free money. If you ever stumble upon a message that says, “Send me a certain amount of Bitcoin or Ethereum...

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Is Bitcoin a pyramid scheme?

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 people. Pyramid schemes are one of them, as are Ponzi schemes and the similar. Being wary of...

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How to make a paper Bitcoin wallet

If you’ve learned about ways to store Bitcoin, you have probably heard of the Bitcoin paper wallet. Since it is a highly secure way to store your stash, you must be wondering how to make a Bitcoin paper wallet. It is simply a public and...

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Is Bitcoin a bubble?

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 wants to lose their life savings because of FOMO (Fear of Missing Out), therefore one of the...

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Is Bitcoin Legal?

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 your concerns about Bitcoin to rest. There is no simple answer to the question, “Is...

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Who controls Bitcoin?

Since we know that fiat money is controlled by governments and banks, who controls Bitcoin is the next question. This is simply answered through its decentralized nature: nobody and everybody at the same time. There is no authority that makes...

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Who created Bitcoin?

Who created Bitcoin? Bitcoin is the product of Satoshi Nakamoto, an unknown individual or group of people. Nobody knows who Satoshi is, although he claimed to be a 37-year-old male who lived in Japan, but some speculated he was unlikely to be...

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Difference of Bitcoin from traditional currencies

The relationship between Bitcoin and traditional currencies is a complex one. Bitcoin seeks to undermine the traditional way of dealing with money, so Bitcoin vs traditional money is a natural opposition. The difference of Bitcoin from...

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3 Ways To Set Up a Bitcoin Wallet

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 safeguards the secret code you need to use your bitcoins and helps manage transactions. Let us...

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Bitcoin Wallets for Beginners

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 is not a physical thing, it can’t be stored just anywhere. There are several types of...

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Hardware for Bitcoin mining

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 transactions are verified and added to the public ledger, known as the blockchain, and also the...

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How to buy and sell Bitcoin in India?

Regulatory concerns are not to be taken lightly, and India is no different: for example, the Indian government has said that Bitcoin can't be used as a part of the payments system. However, nobody expressly forbid people from trading in...

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How to buy Bitcoin with cash?

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 for cash, following this guide will help you too. Finding ways how to buy Bitcoin...

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Top 10 Bitcoin Security Tips

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 Private Keys Offline It should go without saying that your private key is absolutely private and should not...

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Before you buy Bitcoin

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 about buying Bitcoins, but what you need to keep in mind is that not everything applies to every...

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Before you sell Bitcoin

Following our guide on buying Bitcoin, there are also things you should keep in mind before you sell Bitcoin. Now that you have your own coins, the process of finding a place where to sell Bitcoin does not have to be tedious either. The...

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How to accept Bitcoins in my store

You have decided that Bitcoins are the perfect payment option for your business. I, too, would be wondering how to accept Bitcoins in my store. As usual, Cryptonews.com is there to help! Step 1a: Creating Your Bitcoin Address First, you need...

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5 Methods to Buy Bitcoin With PayPal Instantly

You already have a PayPal account, and you’d rather not go through the hassle of buying Bitcoin through any other means. You may also know that PayPal has mostly looked favorably upon buying Bitcoin, but finding places to buy Bitcoin with PayPal...

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10 reasons why your business should accept Bitcoins

You’ve started your own business and added the general means of payment, like credit card and PayPal. However, you’ve been considering adding Bitcoin - or any other cryptocurrency - as well, either to boost your popularity or to bolster crypto...

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How to buy Bitcoin with Paypal?

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 out if you want to do that, it’s a bit more tricky - and much more expensive. One of the main...

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How to buy Bitcoins with a credit card?

Buying Bitcoins using a credit card used to be very difficult. But as the industry is spreading and encompassing many different methods, finding out how to buy Bitcoins with a credit card is not nearly as difficult as it used to be. There are...

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How to buy and sell Bitcoin in Canada?

Living in Canada is great if you want to buy Bitcoin, since most well-trusted exchanges are supported there. The problem may be where to start. Find out how to buy Bitcoin in Canada, especially if you’d prefer to go with local options, through...

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How to buy and sell Bitcoin in UK?

As the cryptocurrency industry overcomes boundaries and country borders, it gets easier to buy Bitcoin in the UK, and not much different than buying it from, say, Canada. If you’d prefer to use businesses that are from the UK, among the leading...

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Bitcoin cold storage

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 storage (or a wallet) safeguards the secret code you need to use your bitcoins and helps...

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Should I buy Bitcoin?

Ever since Bitcoin almost reached USD 20,000 in December 2017, “Should I buy Bitcoin?” has been among the most popular questions, closely followed by, “Should I buy Bitcoin now or am I too late?” To preface this, we must say that we are...

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How does bitcoin work?

If you are wondering how to use Bitcoin, studying its inner workings might help, too. You may have discovered that the questions about Bitcoin more often refer to what it is, rather than how does Bitcoin work. In fact, these two are inextricably...

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Countries in which Bitcoin is banned or legal

When preparing to buy Bitcoin, one of your first steps should be to find out whether it is legal in your country or not. If you already know the state of your own country but are curious for the rest of them, read on! Bitcoin is not just legal or...

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Bitcoin History

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 authored by mysterious Satoshi Nakamoto titled “Bitcoin: A Peer-to-Peer Electronic Cash System”...

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