Bitcoin (BTC) Wallet
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What is Bitcoin?
Bitcoin has come a long way. First of all, Bitcoin is the number one and also the top one according to its market capitalization. BTC being superior is not only explained by the fact that it was the first coin to ever appear but with this crypto being widely accepted, marketed and demanded. Other cryptocurrencies still do not get as much attention as BTC does.
Multiple shops already accept Bitcoin, you can buy goods, exchange, trade, use Bitcoin ATMs, the list is very far from complete. Bitcoin price history, too, is a sight to behold. From nothing to $20.000 at one point? Not bad, right. You can read Bitcoin price predictions (available in abundance on the Internet) to find out more on what experts think the future will bring to BTC development.Visit Bitcoin Website
Who Created Bitcoin?
Bitcoin was proposed in 2008 by the most mysterious person in the cryptocurrency space — a software developer named Satoshi Nakamoto. It all started with the Bitcoin whitepaper. What Nakamoto offered is a peer-to-peer electronic payment system aiming to solve the problems of already existing services. The original idea was to create an asset without any central authority and a transparent network to manage it. The idea is brilliant, for sure, but until this day, nobody knows who the creator actually was.
Bitcoin can be used for purchases, just like any other digital currency. However, there are major differences between traditional money and the blockchain innovation.
The key feature of cryptocurrency, decentralisation is being independent from authorities. Bitcoin is maintained by volunteers and operated by an open network. Those who use Bitcoin are not controlled by institutions or governments.
Another noteworthy point about Bitcoin blockchain is its transparency and immutability. Transactions in BTC are not only available for the public to see, but also cannot be reversed. There is no central power to tell anyone return the money. So, once a transaction is placed on the Bitcoin blockchain, it is there to stay.
In the very beginning of cryptocurrency there was quite a bit of speculation on whether Bitcoin can be considered anonymous. The answer is “no”. Bitcoin is pseudonymous – the users operate their transactions in semi-anonymity. If you are making a BTC transaction, there is no need to identify yourself (unlike bank transfers, for instance). The user, however, can be identified by their wallet address. Transactions, too, can be tracked.
How to use Bitcoin (BTC)
A long-term investment in BTC with the expectation of it increasing in value. You can safely store your BTC in Guarda Wallet.
Instantly exchange Bitcoin with the best BTC exchange rates. We offer many trading pairs for Bitcoin trading through our exchange partners.
Guarda allows you to easily buy Bitcoin online and send it to anyone and anywhere with their Bitcoin address.
Buy with Bitcoin
You could buy goods and services with Bitcoin. It is becoming more and more widespread and a lot of retailers accept Bitcoin every day.
Aside from generating new BTC, Bitcoin miners also confirm transactions on the network by solving the complex computational problems. For this miners get a reward.
Learn more about Bitcoin
You can read more detailed articles about Bitcoin and blockchain as a whole in our Academy.
1. How To Exchange Bitcoin?
If you already have some cryptocurrencies up your sleeve, you might want to exchange them for BTC or vice versa. Fortunately, Guarda wallet is at your service. All the versions of our wallets are equipped with built-in exchanges, provided by our long-term partners – ChangeNOW and CoinSwitch. We make sure to always have the best Bitcoin rates for our users to enjoy seamless and speedy cryptocurrency swaps.
2. How much is Bitcoin?
You can check the current price for Bitcoin directly in your wallet or on one of the many price-tracking websites i.e. CoinMarketCap.
3. Is it safe to buy Bitcoin?
Since Bitcoin is online, it is often a target to be stolen and it is difficult to return and trace. Bitcoin is secure, however it is only as secure as the wallet you use to store it. Guarda is a non-custodial crypto wallet, we do not store any of your data, moreover, it means that you have full access to your private keys and that makes you the one and only 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 want to withdraw Bitcoin to cash, you could look for special Bitcoin ATMs located all around the world or you could use services such as Anycoin Direct to exchange your BTC to EUR or ant other fiat currency.
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