Bitcoin is digital and decentralized
With Bitcoin people get the liberty to exchange value without intermediaries which translate to greater control of funds and lower fees. It’s faster, cheaper, more secure and immutable. Cash is controlled by banks while bitcoin has owners.
The bitcoin payment system is purely peer-to-peer, meaning that users are able to send and receive payments to or from anyone on the network around the world without requiring approval from any external source or authority.
Bitcoin has a global acceptance and is less volatile than cash / local currency. Due to this feature, it becomes easier to conduct transactions across boundaries and online.
Because users are able to send and receive bitcoins with only a smartphone or computer, bitcoin is theoretically available to populations of users without access to traditional banking systems, credit cards and other methods of payment.
At BuycryptoBTC.com we think that everyone should hold their own Bitcoins. Buy, invest or pay in Bitcoin easily and fast. Usually a place where you will buy Bitcoin is going to create a wallet for you and make you think that you own the bitcoins that you bought on their website. The truth is that whenever you don’t own the private key(highlight et link au sujet Whats a private key) means that you don’t own the bitcoins.
Here at BuycryptoBTC.com we will generate yourself a unique Bitcoin wallet(link to generate wallet) that you will be the only one to own. We will not hold your private key, you will hold it. As long as you keep your private key safe, you will remain the only owner of that wallet and nobody will ever be able to take those bitcoins off you.
Simply enter the amount you want to buy either in Bitcoin value or in your own country currency value, then enter your or their Bitcoin address and click buy, then follow the next steps and you will be done
No, you do not have to signup on our website to buy Bitcoins.
To receive Bitcoins you will need a Wallet that have dedicated public address. If you don’t have a wallet or don’t know what is a wallet click here: Generate a Wallet.
Bitcoin is the first Digital Cryptocurrency ever created using the Blockchain protocol technology by a group of people or a person called Satoshi Nakamoto. A cryptographic software system that secures each transaction into irreversible blocks and does not allow anyone or anything to duplicate/copy or change any transactions made on the network. There is and there will always be only 21 million Bitcoins in the world. It is impossible to create more.
Using a normal banking system, a bank or the authorities can always go into a transaction and either change, stop, hold, revert or modify it as they want for any reason that they find relevant or that their system find relevant without or with your consent as they wish. A normal banking system (central banks) can also decide to create more money and print it either directly in their system or physically for any reason they want. A dollar is not backed by anything else than your trust into the value of it. Back in 1970, each dollar created needed to be backed by the same value in gold. Since 1970, the United States took off that worldwide rule where a dollar would be backed by the same value of gold into vaults, therefore since then, a dollar is not backed by anything else than your trust into the currency.
With Bitcoin or the Blockchain, it is impossible for anyone to ever change a transaction or create more bitcoins. Either it is intended or not, you can never go back into a transaction and change it. What has been done is done. Nobody owns the Bitcoin network and therefore that makes it impossible to stop it. You cannot call the Bitcoin company to ask for a refund, there is no Bitcoin company, only people who provide a way to make transactions or to acquire Bitcoins, but these companies or entities have no control over the Bitcoin network. That’s why we call it Decentralized.
Nobody owns Bitcoin as a Brand or as a company, the people who makes those transactions possible are called ‘’the miners’’, they have powerful computer power, they are based anywhere in the world. Everyone can become a ‘’miner’’ and buy some computer and be part of the ‘’mining pool’’ of the bitcoin network. Every miner is rewarded into fractions of Bitcoin for providing computer power to the network and make it possible. Each 10 minutes, a ‘’block’’ is created and all the miners who helped resolve the mathematical puzzle to create the transactions inside that block that have been requested by users are rewarded by some fractions of Bitcoins.
Every 210,000 blocks, around 4 years, the reward for resolving a block is cut in half. That’s a rule inside the Bitcoin code, it cannot be changed. Cutting in half the Bitcoin reward for resolving a block each 10 minutes makes the production of Bitcoin lower each 4 years and make it rarer that is one of the reasons why the value of a Bitcoin keeps growing. Since its creation in 2009 the Bitcoin network started rewarding every miners 50 Bitcoins for each blocks resolved (each 10 minutes), in 2013 it dropped to 25 Bitcoins per block, in 2018 it became 12.5 Bitcoins per block and now in may of 2020 it became 6.25 Bitcoins per block, which means that only 900 Bitcoins are created every 24 hours.https://fr.wikipedia.org/wiki/Bitcoin https://www.investopedia.com/terms/b/bitcoin.asp https://unglueit-files.s3.amazonaws.com/ebf/05db7df4f31840f0a873d6ea14dcc28d.pdf https://aantonop.com/unscrypted/ https://www.investopedia.com/ask/answers/09/gold-standard.asp https://www.forbes.com/sites/williammeehan/2020/10/21/can-the-federal-reserve-print-money-forever-or-how-continuing-to-print-money-to-support-deficit-spending-may-end-badly-with-chinas-help/?sh=8dc5b4058d4c
There is hundreds if not thousands of different palces that offers you wallets to store your Bitcoins but which one is really safe and which one let's you really own your Bitcoins? Yes, as you just may have understood, some wallets seem secure and good but there is a big difference between most wallets and some others. The important part is who owns the private key. Using an exchange to store your Bitcoins is in some way pretty risky for some reason I will explain. These exchanges owns the private keys of all the wallets they provide you, this means that you don't really own the Bitcoins on that wallet they created you. Since you only have access to the public key and not the private key, this means that if for any reason the exchange gets hack, shutdowns or get into trouble with government and needs to halt there trading or operations, you will not have access to your Bitcoins or you may even lose them all. It is imperative that you keep your Bitcoins into a wallet where you own the private key. At BuycryptoBTC.com we believe that our clients should always hold their own Bitcoins and that is why we provide the service to create yourself your own Bitcoin paper wallet and when you buy with this public key nobody other than yourself will own those bitcoins in that paper wallet.
Here is some secure wallets that you will be able to manage your funds. To store bitcoins safely it is recommended to use a hardware wallet or a paper wallet. A hardware wallet is a wallet that’s physical that you can order such as a Ledger or a Trezor. Do not buy these on any other website than their own website. There was some reports about people reselling hardware wallets on Amazon or other places that were modified and the people reselling them could then get access to your funds. Always buy those hardware wallets on their real website. Paper Wallet is also secure since they don’t belong on the Internet. To then manage it you can use a desktop software like Electrum or the Blockchain Wallet. It can also be a Iphone or Android Wallet such as a Bread Wallet (iOS) or a Mycelium Wallet (Android). These are all secure Wallets that will let you own your own Bitcoins and nobody else will have access to them other than you.https://hackernoon.com/why-you-should-never-keep-crypto-tokens-on-an-exchange-wallet-5856fa79026b https://www.ledger.com/ https://trezor.io/ https://electrum.org/#home https://www.blockchain.com/ https://brd.com/ https://wallet.mycelium.com/
The Bitcoin network is backed by its computing power network. Since 2009, the Bitcoin network never stopped growing stronger and stronger. The solidity of its infrastructure is now very hard to crumble for anyone who would want to try to destroy it. The computing power of anything is represented in Hashrate, as of now (December 2020) the Bitcoin network has 140.093 EHash/sec computing power which is 1 000 000x more than in 2013 where the Bitcoin computer power was already beating the 500 biggest super computers in the world all together.https://bitinfocharts.com/comparison/bitcoin-hashrate.html https://www.forbes.com/sites/reuvencohen/2013/11/28/global-bitcoin-computing-power-now-256-times-faster-than-top-500-supercomputers-combined/?sh=6d6243d6e5e4
There is only 21 million Bitcoin at most that can be created. Currently, 18,562,031.25 are in circulation and the rest still needs to be mined from the rewards the miners get. From this 18.5 million bitcoins, it is believed and documented that at least 4 million Bitcoins got lost by their owner by forgetting where their Paper Wallet was stored or by accidentally throwing away their computer that contained some in it. In the early days of Bitcoin, the price of it was so low that much people did not really care about it as much as now. But whenever the price spiked, we had several news about people who threw away their old computer that contained Bitcoins in it. Sadly, those Bitcoins are lost forever. That is why it is imperative that you always keep a copy of your private key and public key somewhere you will remember and that will always be accessible.https://www.blockchain.com/charts/total-bitcoins
Once you start getting involved into the world of cryptocurrency you rapidly get to understand that there is not only Bitcoin around. There are currently 7847 different cryptocurrencies and counting. As you may know, not all of them are relevant and probably most of them are not. Starting in this crypto world is really confusing and the best advice I can give to someone starting is to not invest into any projects other than the top 10 listed on CoinMarketCap. The risk for you to lose your money investing in other coins is extremely higher than simply investing in the top 10 coins, they are more ‘’stable’’ in terms of volatility, they are mostly already established since a good amount of time therefore more trustworthy. Other projects can seem attractive and you will easily get dragged and tempted into big rewards possibility but this is a very dangerous road to take. Some of those coins can loose 99% of their value of a very short period of time. I would simply invest into Bitcoin if I was a newcomer into this market.https://coinmarketcap.com/all/views/all/
No, a decentralized currency such as Bitcoin cannot revoke/cancel or refund a payment since nobody controls the network. You cannot go back from sending cryptocurrency. Always make sure that you entered the right address. A Bitcoin transaction is non-reversible.
It depends on the network traffic. Usually it takes around 5 to 30 minutes.
Since Bitcoin is the most transparent way to transfer money, you can check your current transaction value on the blockchain with the Blockchain Transaction ID that have been given to you on the purchase.
Take control of your funds.
Buy, Invest, Pay in Bitcoin now!
Decentralize your world
Be your own Bank
Invest in future.
Store of Value
First time Buying Bitcoin
To buy bitcoin you need a Bitcoin wallet, if this is your first time dealing with Bitcoin.
Let us guide you and generate a wallet for you.
Generate My Bitcoin Wallet
There is 2 types of Keys that you need to know to use Bitcoin. Your Private key is the most valuable key of the two, it is the key that will unlock your wallet. Anyone who have the private key can access its funds. You should never reveal to anyone your private key for any reason. The only time that you will need to use the private key is to unlock your wallet using a software wallet such as the one we suggest called Electrum. The public key is the one that you can give to people to receive bitcoins. It is also the key that you will see publicly when you send bitcoins.
The private key mustremain secret at all times, as revealing it to a third party is equivalent to giving themcontrol over the bitcoins secured by that key. The private key must also be backed upand protected from accidental loss, since if lost it cannot be recovered and the fundssecured by it are forever lost too.https://99bitcoins.com/know-more-send-from-paper-wallet/ https://electrum.org/#home
Something that is decentralized means it is not controlled by anyone. It has no owner. It is not controlled by anyone and everyone can contribute to it, if some decides to stop contributing to the decentralized system, anyone can replace him and anyone can add up to the system with equal retribution. It is very difficult to stop such system since there is no center points.https://commons.wikimedia.org/wiki/File:Decentralization_diagram.svg
An asset is considered a store of value whenever the amount of money you invest in will either equalize his current value purchasing power or beat the yearly inflation over time for a long period of time. Gold is well known to be such thing. Since Bitcoin is created a lot of people compared Gold to Bitcoin and we now talk about Bitcoin as the Digital Gold. Bitcoin is known and has proven over time to be the most valuable store of value of the 21st century. As of now, anyone who ever invested in bitcoin even since the last peak of Bitcoin in 2017 is either in profit or not in loss. As a way to compare it to the rest of the world, already in 2013 Bitcoin had more computing power than all the 500 biggest super computer combined in the world.
Can be spent or exchange at a later date without penalty.https://www.forbes.com/sites/forbesfinancecouncil/2019/12/10/is-bitcoin-a-better-store-of-value-than-gold/?sh=29a4c2054939 https://en.wikipedia.org/wiki/Store_of_value
Trading Bitcoin can be tempting for anyone coming into the market but don’t think you will become an expert trader or that you are some kind of genius that will instantly make thousand of dollars trading Bitcoin or anything else. It is very hard to trade Bitcoin and especially on the short and medium term due to its volatility and the current people inside the market that are way more experimented than you plus a lot of sophisticated trading bots out there. I personally liked learning about trading charts, recognizing patterns inside of it or being able to read a chart in general. Through the years, my best advice about trading Bitcoin or any other cryptocurrencies is to use the chart to recognize macro patterns and trends where you can then know in the long term (3 months +) where is the price have the highest chance to go. This will help you to know if it is a good time to maybe slow down your investments in Bitcoin or raise your exposure into Bitcoin. But I would not suggest trading it intensively if you are not already fully aware of how trading stocks or any other market works.www.tradingview.com
No, Bitcoin is not illegal. A lot of false rumors say that Bitcoin is used mainly for illicit activities because bitcoin is anonymous and you cannot track the transactions. As a matter of fact, Bitcoin is the most trackable currency in the world. The currency most used for illicit activites and criminals will always be the US dollar in form of paper (cash) which is the hardest to track since it can go from a hand to another without anyone noticing it.
These are links that I find relevant, skip all the shilling inside of the videos and listen only to the content.https://ici.radio-canada.ca/nouvelle/1753883/bitcoins-record-cryptomonnaies-bitfarms-valeur-remontee-demande https://unglueit-files.s3.amazonaws.com/ebf/05db7df4f31840f0a873d6ea14dcc28d.pdf https://aantonop.com/ https://www.audible.ca/fr_CA/pd/The-Bitcoin-Standard-Livre-Audio/B07D8218BN?plink=3cDonKZAf6kUnhH9&ref=a_fr-CA_pd__c3_adblp13npsbx_1_3&pf_rd_p=21a23ca5-10e9-4804-8257-0d9965cf99ab&pf_rd_r=KSC19RNY8Q407A2PES69 https://www.investopedia.com/terms/b/bitcoin.asp https://cointelegraph.com/ https://www.youtube.com/channel/UC-5HLi3buMzdxjdTdic3Aig https://www.youtube.com/watch?v=DJhlJRmxPgA https://www.youtube.com/watch?v=9KPQ6wv4l2A https://www.youtube.com/watch?v=HPfoaiXgKfI https://www.youtube.com/c/KrownsCryptoCave https://www.youtube.com/channel/UCRqBu-grVX1p97WaX4d-OuQ https://www.youtube.com/channel/UCiuD3eNaZ95eSXImp_eSIww https://www.youtube.com/channel/UCi6ccY1zwc7uTfOylwsKpQg https://www.youtube.com/channel/UCI7M65p3A-D3P4v5qW8POxQ https://www.youtube.com/channel/UCGyqEtcGQQtXyUwvcy7Gmyg https://www.youtube.com/channel/UCbiWJYRg8luWHnmNkJRZEnw https://digitalik.net/btc/