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February 8, 2018
Is a Bitcoin transaction really cheaper than other common money transfers?
There is no actual cost for sending Bitcoin to others, but the cost(fee) can be decided and set to any amount when spending. For example, the cost can be 1 Bitcoin for a 10 Bitcoin transaction or 100,000 Bitcoin transaction. The co...
February 8, 2018
What kind of my Personal Information should I provide to open a Bitcoin account?
No, you do not need to submit documents or register personal information to own a Bitcoin account. Although the Bitcoin community does not require anything, your broker or exchange might require you certain information to verify your ...
February 8, 2018
Is Bitcoin Transaction really irreversible? Can I not cancel/chargeback any transactions?
All Bitcoin transactions are irreversible. For example, if you have sent a Bitcoin to a wrong address, it is impossible to retrieve unless the receiver sent it to you directly. In this case, you can't contact the person who owns th...
February 7, 2018
When is the Bitcoin market hours? Any break time within a week?
Transactions of Bitcoin can be made at anytime, 24/7. As there is No bank holidays, No borders or No bureaucracy, the market is open for consistently powered by users. There is also no break time or maintenance time for Bitcoin mar...
February 7, 2018
Why there are so many Crypto-currencies? Are they connected to Bitcoin?
Bitcoin is the first Crypto-currency created and the creation of Crypto-currency market follows after the invention of Bitcoin. There are now countless number of Crypto-currencies created every day by developers, but none of them are ...
February 7, 2018
When(which year) Bitcoin was created in the Crypto market?
Although there are many arguments regarding to the topic of the creation of Bitcoin, the first Bitcoin's idea (as in the specification and proof of concept) was published by the well-known man, Satoshi Nakamoto in 2009. Since its publ...
February 7, 2018
How can I convert Bitcoin to USD, EUR or other currencies?
To convert Bitcoin (or any other Crypto-currencies) to USD, EUR or other national currencies, you need to find a buyer of your Bitcoin first. The buyer who is willing to exchange his/her fund with your Bitcoin would be your counter pa...
February 7, 2018
How can I own Bitcoin in a physical form of money?
You can own a Bitcoin in a physical form of money, as it is an online cash which only exists on the internet. If you want to withdraw the Bitcoin from the internet, it is necessary to convert it to other currencies which you can cash ...
February 6, 2018
Why the market prices of Bitcoin are different depend on brokers/companies?
Just like Foreign Exchange market, it is possible that a Crypto-currency is offered with different prices among brokers/exchanges. There are variety of reasons that could cause this situation. The spread(the difference of bid and...
February 6, 2018
What is Bitcoin? Is it a Digital currency or Online Money?
Bitcoin is a Digital Currency, created based on the decentralized peer-to-peer payment network*. *As in there is no central authority or middlemen, and the market and currency are powered only by the users. It is a currency that only e...
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