What is Bitcoin?
Bitcoin (BTC) is a digital decentralized currency where everyone has the same rights and privileges and which works thanks to a P2P network. The only difference with fiat currencies is that BTC does not exist in physical form. It is a digital currency that exists only in the blockchain that supports it. Each Bitcoin, or part of it, is unique because each transaction is publicly recorded (though without personal data) in a large digital "ledger" made up of complex cryptographic structures called a “blockchain”. This is why Bitcoin is called "cryptocurrency" and is the first of its kind.
Who Created Bitcoin?
History officially records Satoshi Nakamoto as the father and inventor of Bitcoin. His name first came to light in October 2009, when a whitepaper on the concept of a cryptocurrency called Bitcoin was firstly published online. It is still not clear if it’s a person or a group of people. The goal described was to use it as a payment method outside of government control, with no transfer delays or transaction fees. However, six years after the initial publication of documentation, American resources in the face of Wired conducted their own investigation, which tried to figure out who the creator of this cryptocurrency is. They suggested that the famous entrepreneur Craig Wright was the man behind the creation of Bitcoin. In order to confirm this theory, Wright had to provide an electronic signature of the first bitcoin transaction, which he did not do. So, a significant percentage of the crypto community considers that this information is not correct. By the way, Craig Wright is the inventor of Bitcoin Cash. You can easily store your BCH in our wallet for bitcoin cash.
Unlike fiat currencies, Bitcoin has a number of advantages that are worth noting. When you open a bitcoin wallet, you can find many new things for you to consider. Crypto most important feature is that they are a non-sporting part of the value of one of the most expensive assets on the market.
You can easily and quickly transfer large sums of money to another person or organization.
You can easily and quickly transfer minimal amounts, such as tips, to another person or organization.
It has a set reserve, which means that it is not unlimited because you cannot produce as much as you want. So inflation will not be an issue because the less there is, the higher the demand and therefore the price.
Can be used for easy, fast, and efficient transfer of funds around the world.
It is not controlled by a central organization such as a government or bank and therefore funds cannot be frozen, lost, or depreciated according to the criteria or capabilities of that organization.
Identity is not directly linked to the account into which the funds are deposited.
It can support thousands or millions of transactions per second and continue to grow as needed.
1. How To Exchange Bitcoin?
You could choose to exchange your cryptocurrencies for BTC or vice versa if you already have any. Fortunately, you have a Guarda wallet at your disposal. Our wallets come with built-in exchanges offered by our long-term partners ChangeNOW and CoinSwitch. We are sure that we always have the best Bitcoin prices so that our users may experience smooth and quick cryptocurrency exchanges.
2. How much is Bitcoin?
You can check the current price in your digital wallet Bitcoin or on one of the many price-tracking websites i.e. CoinMarketCap.
3. Is it safe to buy Bitcoin?
Because Bitcoin is a digital currency, it is frequently targeted by fraudsters. Bitcoin is safe by its nature but only as safe as the wallet in which you store it. Guarda is a non-custodial crypto wallet, which means we don't store any of your information. It also means you have complete control over your private keys, making you the sole owner of your assets.
4. Can you buy less than 1 BTC?
You don’t have to buy exactly 1 BTC. You can easily buy less than 1 BTC. Each bitcoin can be split into 100,000,000 pieces meaning you can buy 0.00000001 BTC if you want.
5. How to sell Bitcoin for cash?
If you wish to convert your Bitcoin to cash, you can find Bitcoin ATMs throughout the world or may use services like Anycoin Direct to convert your BTC to USD/EUR or any other fiat money.