Bitcoin

In this section, you’ll find all articles related to bitcoin where we go through the best exchanges, best wallets and much, much more. Our goal is to help you navigate in the jungle of bitcoin services and products so that you don’t lose money, and can put as much of that money as possible into Bitcoin.

 

First, we will briefly go through what bitcoin actually is for those of you who still feel a bit lost about what it is. After that, you will find all the articles in this section. Click on the article that you think fits you the best, and let’s jump right into it!

 

What is bitcoin?

The “bitcoin” hype is on the rise. People are rapidly buying into it because of its astronomical gain in value, rising over 2000% in the past year alone. But what exactly is a bitcoin and what makes it so valuable?

 

Let’s delve a bit deeper with an example – Imagine you are buying something online on an e-commerce website and are asked to pay for your bought item (let’s say, a watch) in fiat currency such as the dollar via a wallet-based or other online payment processing systems. You have two options:

 

You can either directly pay the merchant with your preferred currency through a Bank transaction or you can transfer that money into your online wallet from your Bank and use that wallet to pay to your merchant in exchange for the product. Now, just remove the middle person i.e. the Bank transaction and the currency with which you are paying.

 

What are you left with? Just an online electronic payment/transaction system with no value of its own.

 

This is where the bitcoins, and other cryptocurrencies, – an innovative digital currency – come into play. These are created, distributed, and all transactions with them happen electronically with the usage of a great amount of computing power.

 

We get physical currency from our government controlled authority or Bank but here, there is no Bank or central governing body (decentralized) to control the production of bitcoins – they are generated by solving mathematical puzzles and complex algorithms! If you download the open source software governing bitcoin, you can also become a part of this protocol i.e one of the nodes in the network.

 

People believe that the bitcoin is susceptible to stealing or even circulation of fake bitcoins. Keeping this in mind, Satoshi, the speculated founder of Bitcoin, has safety measures in place. Every single purchase or exchange made using bitcoins is recorded digitally and this log/ledger is known as blockchain.

 

All the people participating in the network have a copy of this ledger on their system thus making it decentralized and immutable. What makes the bitcoin system so secure is that all the nodes of the system have to agree on a transaction before it is added to a block, thus making the entire network transparent.

 

There is no single authority that controls this system but there are “miners” who process information about the ownership of bitcoins and all the transaction details. They maintain, update and improve the system and in return, get rewarded by bitcoins itself.

 

The price of bitcoin is highly variable because the market itself is so volatile. Due to this many people are using it for trading benefits. Also, many countries have started to use or are going to initiate usage of bitcoins in replacement of actual currencies.

 

PrimeBit Review 2020: Features, Reviews and More

Most of us are already familiar with cryptocurrency exchanges, where we can trade these cryptocurrencies. There are so many cryptocurrency exchanges out there where you can trade cryptocurrencies. However, there aren’t many exchanges that allow its users to trade cryptocurrency derivatives. Luckily, PrimeBit has stepped up to fill this void in space. While this might …

PrimeBit Review 2020: Features, Reviews and More Read More »

Switchere Review – Easiest Platform to Buy Crypto?

In today’s digital world, cryptocurrency trading has become a popular practice. There are several crypto trading exchanges that will assist and guide you in your trading venture. Switchere is one such trading platform. What is Switchere? Switchere is one of the newest cryptocurrency trading platforms, which is known for allowing users to buy cryptocurrency with …

Switchere Review – Easiest Platform to Buy Crypto? Read More »

Hardware Wallets Comparison: BC Vault Vs Ledger Nano Vs Trezor Vs Keepkey

The cryptocurrency market is like a roller coaster. If you are in for the whole ride and don’t want to take trading risks, the best way to maximize profits is to store crypto long term, aka hodl. When considering long-term storage, a hardware wallet is the most optimal solution to keep cryptocurrencies secure and not …

Hardware Wallets Comparison: BC Vault Vs Ledger Nano Vs Trezor Vs Keepkey Read More »

BC Vault Review: Is This the Most Secure Hardware Wallet?

Thanks to the growing number of exchanges, resellers, and ATMs, buying cryptocurrencies has never been easier. When I first heard about bitcoin, the crypto industry wasn’t evolved. Fast-forward to 2019 and my options to choose between all the altcoins and storage devices out there seem limitless. When talking about storage, I personally recommend hardware wallets. …

BC Vault Review: Is This the Most Secure Hardware Wallet? Read More »

Buying Bitcoin In India – 7 Best Indian Bitcoin Websites 2020

The rise of interest in buying Bitcoin in India has spiked since it being legal again. However, the process of buying Bitcoin in India is still quite confusing. This is why we have made an ultimate list of the best Indian Bitcoin exchanges, so that you, easily, can start investing in and/or using Bitcoins. How …

Buying Bitcoin In India – 7 Best Indian Bitcoin Websites 2020 Read More »

Koinex Review – Indian Exchange for Multiple Cryptocurrencies

The advent of cryptocurrency was recognized recently when it hit a high value. Until then, people were heedless about this new technology of blockchain and cryptocurrency. The demand for cryptocurrency is increasing day by day and hence the demand for the platforms to buy it with is also increasing. Many platforms are already in existence …

Koinex Review – Indian Exchange for Multiple Cryptocurrencies Read More »

Buy Bitcoin with Gift Cards 2020 – The Best Options Reviewed

Bitcoins were created to make our lives easier. They are touted to be the next big revolution in the world, and as of now, they are certainly performing as per expectations. After initially failing to live up to all the hype, the Bitcoins made a triumphant return in 2014. After that they were unstoppable. They …

Buy Bitcoin with Gift Cards 2020 – The Best Options Reviewed Read More »

22 Best Ways to Buy Bitcoin with SEPA Transfer 2020

To begin with, let’s understand the meaning of SEPA. SEPA or ‘Single Euro Payments Area’ is a method of transfer to banks located in Europe. When users don’t find their country during SWIFT transfer, SEPA is an alternative method focused on the EU region. The convenience of SEPA accepting exchanges SEPA transfer is mostly preferred …

22 Best Ways to Buy Bitcoin with SEPA Transfer 2020 Read More »

9 Best Ways to Buy Bitcoin with Cash 2020 – The Ultimate Guide

Yes! You read it right. You can buy Bitcoin with cash. We know it is really hard to understand Bitcoin trading and exchange platforms, especially if you are a novice user. Some sites offer credit/debit card payments, but still, it requires patience to constantly wait for the Bitcoins to be delivered. Moreover, exchange sites ask …

9 Best Ways to Buy Bitcoin with Cash 2020 – The Ultimate Guide Read More »

Best Bitcoin Exchanges for Day Trading 2020 – Start Day Trading with the Best!

We know that the value of bitcoin is not stagnant and it keeps on changing. Making a profit with this volatile price is quite a challenge. Are you a person having bitcoins and you have no clue on how to earn profit from it? Here is a way which will help you maximize the profit. …

Best Bitcoin Exchanges for Day Trading 2020 – Start Day Trading with the Best! Read More »

5 Best USB Bitcoin Miners 2020 – Reviews & Buying Guide

Bitcoins are generated using the process called mining. If your computer is given a complex mathematical problem to solve then the goal is a 64 digit number. If your miner can solve that algorithm problem, Congratulations; you are now a proud owner of the new block, and you will be rewarded with Bitcoins. The network …

5 Best USB Bitcoin Miners 2020 – Reviews & Buying Guide Read More »

Ledger Nano S Review – Is the Most Popular Really the Best?

Before we get started with the ledger nano s review, let us briefly understand the rise of cryptocurrencies. They are everywhere and seem pretty unstoppable at this time. The Bitcoin debuted way back in 2009, but it experienced real recognition around the last couple of years when its value literally skyrocketed. Such phenomenal success faced …

Ledger Nano S Review – Is the Most Popular Really the Best? Read More »

15 Best Ways to Earn FREE Bitcoin 2020 – The Ultimate List

In the present day and age of digitization, it is safe to assume that digital currency is the future and investing in it can reap substantial returns. The most popular way of earning Bitcoin is through buying them on a Bitcoin exchange. While most people immediately sell their Bitcoins to accumulate instant profits, others like …

15 Best Ways to Earn FREE Bitcoin 2020 – The Ultimate List Read More »

Changelly Review – How Does it Differ From Shapeshift

Changelly – “searching for the best rate amongst the cryptocurrency exchanges.” In this Changelly review, we are digging in deeply into the different areas of Changelly and provide recommendations, pros, cons and suggest whether if it suits best for you. Background of Changelly Changelly is a platform for cryptocurrency where it aims to demolish the …

Changelly Review – How Does it Differ From Shapeshift Read More »

Best Bitcoin Cloud Mining Contracts 2020 – Reviews & Buying Guide

Are you interested in mining bitcoin but rather not would like to buy expensive equipment, set it up and mine Bitcoin yourself? Then cloud mining is for you. With cloud mining or cloud hashing as it also is called, you let others (data centers) mine Bitcoins for you by renting their equipment and paying them …

Best Bitcoin Cloud Mining Contracts 2020 – Reviews & Buying Guide Read More »

Best Bitcoin Mining Software 2020 – Put Your Hardware On Steroids!

If there is one fact that holds true universally across the world, it is that each and every person in this world wants to earn profits for themselves, in some measure or the other. The nature of profit might differ, and so could the amount of it, but regardless, the desire to earn profits remains …

Best Bitcoin Mining Software 2020 – Put Your Hardware On Steroids! Read More »

Antminer S9 Review – Read Before Buying it!

Most familiar Bitcoin miners are starting to face an increasing difficulty in mining and making wholesome profits. The enormous growth that has spurred the Bitcoin industry has also increased the need for better profitability among miners, who look for instant gratification. There seems to be an accumulation of profits in China, where mining is most …

Antminer S9 Review – Read Before Buying it! Read More »

Who Accepts Bitcoin? – FULL List of Companies Who Accept Bitcoins

Anyone who is even remotely familiar with the latest happenings around the world can’t possibly escape the rage that Bitcoins have become. They are almost everywhere, from our local markets to the big banking institutions and more. They have effectively spread all over the world, and have managed to conquer the financial markets on a …

Who Accepts Bitcoin? – FULL List of Companies Who Accept Bitcoins Read More »

BitQuick Review – Is it a Secure Platform?

BitQuick is a Bitcoin marketplace that allows buying and selling of Bitcoins using cash or SEPA transfer. They employ a straightforward and idealistic approach to buying and selling coins that involve a buyer depositing cash at the seller’s bank account and within three hours of uploading the deposit receipt, the Bitcoin is sent. With BitQuick, …

BitQuick Review – Is it a Secure Platform? Read More »

How to Buy Bitcoin with Electrum – Electrum Wallet Guide

Buying Bitcoins is not a hassle anymore. We literally have hundreds of options to choose from. It doesn’t matter whether you prefer cryptocurrency exchanges or wallets, there’s something for everyone. If let’s say you choose to buy your Bitcoins through an exchange service, then you have a diverse range of options like Coinmama, Coinbase or …

How to Buy Bitcoin with Electrum – Electrum Wallet Guide Read More »

Best Way to Buy Bitcoin with Western Union (WU) 2020

Bitcoin is a force to be reckoned with. Such is the reach and wide usage of these coins that almost all countries and regions alike have been affected by it. People who never believed in investments have now started investing in cryptocurrencies because Bitcoin showed the world how profitable it can be. The ever-rising popularity …

Best Way to Buy Bitcoin with Western Union (WU) 2020 Read More »

HODL: What is it? + Other Must-Know Terms in The Crypto World

When I first started getting into cryptocurrency more seriously I was blown away by all the terms people used. They threw around words such as HODL and various different animal names. Now, that I have more knowledge about trading and blockchain overall, I find myself using them all the time. Since there has been a flood …

HODL: What is it? + Other Must-Know Terms in The Crypto World Read More »

TREZOR vs. Ledger Nano S vs. KeepKey 2020 – The Ultimate Comparison

TREZOR was the first hardware wallet on the market. Today, however, it got two main competitors – the Ledger Nano S and KeepKey. With competition comes lower prices and competitiveness to bring out the best product possible, to win over the most customers possible. This is great for us as consumers, but it can indeed …

TREZOR vs. Ledger Nano S vs. KeepKey 2020 – The Ultimate Comparison Read More »

ARCHOS Safe-T Mini Available for Pre-Order!

  ARCHOS is providing the cryptocurrency community with its first hardware wallet made in France, to prevent them from hacking attempts. Hardware wallets are the safest way to manage and trade cryptocurrencies. The ARCHOS Safe-T mini will allow crypto owners to access the highest security level for their currencies at the affordable price of 59,99$. …

ARCHOS Safe-T Mini Available for Pre-Order! Read More »

13 Best Bitcoin Exchanges 2020 – Tried and Tested with Reviews

It is a common belief that Bitcoin is a type of currency that only the gamblers, the risk-takers, and the crazy invest in. However, times have changed, and the market has shown that Bitcoin is something worth considering, even for the public. Which is why many have started looking into the best bitcoin exchanges to …

13 Best Bitcoin Exchanges 2020 – Tried and Tested with Reviews Read More »