Everything started with Bitcoin. It revolutionized the market by offering not just a decentralized means of payment but a digital asset for multipurpose use.Create BTC Wallet
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.
If you want to learn more about what Bitcoin really is, you could check out an in-depth guide about this subject here.
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.
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Bitcoin is the first ever cryptocurrency
Bitcoin cannot be banned, as it exists outside of the banking system
You can buy Alpaca socks with BTC
The first Bitcoin purchase was a Papa John’s pizza.
The question of Bitcoin use being justified always pops up when speaking of cryptocurrency. We have some answers for you on this. See, in some cases, Bitcoin is still a much more efficient and cheap way to transfer funds. Cryptocurrency is often used as a means of international value transfers. When bank transfers take days (or even weeks), Bitcoin can be immediately delivered to the recipient. Of course, bank cards work the same way. However, BTC does not have any limitations. The government, too, will not ask you questions about suspicious transactions or anything of this kind.
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How To Buy Bitcoin?
Bitcoin is the most popular cryptocurrency, so there is no wonder you can buy BTC on any service. From big exchange platforms to shady local websites, Bitcoin rules them all. However, the more services appear, the greater your caution will be. With a significant chance of fraud or other types of criminality involved, users should be extremely careful with Bitcoin purchases. The main rule here would be: only use trusted and verified services. This is where Guarda steps in.
You can purchase Bitcoin with a debit or credit card right in your Guarda Wallet. First of all, fiat-to-crypto purchases are handy for the ones who are new to the crypto space. However, even more experienced users sometimes need to top up their Bitcoin wallets with traditional money they have. Guarda Wallet only uses trusted service providers and our fiat purchases are licensed.
How To Exchange Bitcoin?
If you already have some cryptocurrencies up your sleeve, you might want to exchange them for BTC. Fortunately, Guarda wallets are at your service with these, too. 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 exchanges.
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