Bitcoin is a form of digital currency that operates without the need for a central authority like a government or bank. Instead, it’s powered by a technology called blockchain, which is a decentralized ledger that records transactions securely and transparently. People can buy, sell, and trade Bitcoin just like traditional money, but it’s entirely digital.
Other cryptocurrencies, like Ethereum, Ripple (XRP), Litecoin, and thousands more, work similarly. Many have unique features—Ethereum, for example, allows for “smart contracts,” which are self-executing agreements coded directly onto the blockchain. XRP on the other hand, is widely used by banks and payment providers to improve the efficiency of cross-border transactions.
Security and privacy, financial inclusion, transparency, speed & efficiency, ownership & control are among the most praised features of cryptocurrencies.
They’re anonymous, they require significantly less time(5min-30min) than bank transfer or Western Union where the money can clear between hours to days, it’s not controlled by a bank or government so your transaction can not be blocked or denied, 7/27 available which means you can send your money anytime and they’ll be collected right away.
A lot of exchanges on the Internet provide you with a possibility to buy them for £, EURO or your local currency through the convenient payment methods (Visa, MasterCard, PayPal, etc.). Please note that user verification will be required by that majority of the resources below before buying cryptocurrencies according to KYC/AML regulations (Know Your Customer/Anti Money Laundering). This procedure is formal and is carried out just once (when creating an account).
Please note that we have no affiliations with the following websites. The following list is for informational purpose only.
Moonpay, is a financial technology company that provides payment infrastructure for buying and selling cryptocurrencies and NFTs(non-fungible token) using traditional fiat currencies. Founded in 2019, it enables users to purchase digital assets with payment methods like credit cards, Apple Pay, Google Pay, and PayPal.
Transak, is a financial technology company that provides fiat-to-crypto on-ramp and off-ramp solutions for Web3 applications. It enables users to buy and sell cryptocurrencies using traditional payment methods like credit cards, bank transfers, and local payment systems.
Kraken, is a cryptocurrency exchange founded in 2011 and headquartered in San Francisco, California. It allows users to buy, sell, trade, and stake cryptocurrencies and is known for its security, regulatory compliance, and wide range of supported assets.
Coinjar, is a cryptocurrency exchange and digital wallet provider founded in 2013. It allows users to buy, sell, store, and spend cryptocurrencies like Bitcoin and Ethereum. CoinJar is known for its user-friendly interface, making it easy for beginners to get started with crypto.
In your wallet, just like your paper money. With one difference: your cryptocurrencies are collected in your wallet software available for almost all operating systems. Alternatively, you can have a hardware wallet or an online wallet as well. However, you should be careful with all the info provided. In case you miss or eliminate your wallet-file and don`t have any backup or recovery info you will lose your money. The full list of official wallets for all platforms can find here or here.
Can somebody steal your physical wallet from your pocket? Just as you take care of your physical wallet and your paper money and your credit cards you must take care of your cryptocurrency wallet. Have a strong password, store the recovery keywords in a safe place etc.
Microsoft, Overstock, Namecheap, NewEgg, Tesla, AT&T, Shopify, Expedia, Starbucks, Home Depot, Rakuten to name a few. The list is here. Every day, more businesses accept bitcoins because they want the advantages of doing so.
Buy them as necessary. Do not keep large amounts of cryptocurrencies in your wallet unless you do that for investment purposes. They can go up or go down like regular stocks.
High transaction fees especially with Bitcoin can be frustrating, but there are ways to minimize costs:
Choose Off-Peak Hours – Fees fluctuate based on network congestion. Sending transactions when the network is less busy (late at night or weekends) can reduce costs.
Use Layer 2 Solutions – Networks like Lightning Network (for Bitcoin) and Polygon (for Ethereum) offer faster, cheaper transactions.
Select Fee-Optimized Wallets – Some wallets, like Trust Wallet and MetaMask, allow users to adjust fees manually to find a balance between speed and cost.
Batch Transactions – If you’re sending multiple payments, combining them into a single transaction can lower costs.
Use Low-Fee Cryptos – Some blockchains have lower fees than Bitcoin. Consider alternatives like XRP, Ethereum, or Litecoin.
No. Even though their names are very similar, Bitcoin Cash(BCH) is a different cryptocurrency. Bitcoin Cash (BCH) has it’s own blockchain and it’s own exchange rate. Please always make sure to pay for your order in Bitcoins (BTC). Do not make any payments in Bitcoin Cash (BCH). Your funds will be irrevocably lost !
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