Frequently Asked Questions
Everything you need to know about Bitcoin
1. What is Bitcoin?
Bitcoin is a decentralized digital currency that operates without a central bank or government. It was created in 2009 by an anonymous person or group using the name Satoshi Nakamoto.
2. How does Bitcoin work?
Bitcoin works on a peer-to-peer network using blockchain technology. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger.
3. How can I buy Bitcoin?
You can buy Bitcoin through cryptocurrency exchanges like Coinbase, Binance, or OKX. You'll need to create an account, verify your identity, and link a payment method.
4. Is Bitcoin safe?
Bitcoin's blockchain technology is very secure, but storing and using Bitcoin safely requires following best practices like using secure wallets and protecting your private keys.
5. What determines Bitcoin's price?
Bitcoin's price is determined by supply and demand in the market, influenced by factors like adoption, regulation, institutional investment, and market sentiment.