The idea of cryptocurrency has gone mainstream in recent years. Everyone has heard of Bitcoin, even if it’s still challenging to explain exactly how it works. But there are many other cryptocurrencies on the market besides Bitcoin that can prove to be a great investment. In this entry, we’ll talk about things to know before […]
Author: bitamp
Is Bitcoin Legal?
Bitcoin is synonymous with the overall concept of cryptocurrency. Most people understand that it represents a digitalised version of cash, but there’s still a lot that remains unclear about how it works. One frequent question always pops up – is Bitcoin legal? Some countries have embraced Bitcoin and created Bitcoin law and regulations. Others don’t […]
What Is Wrapped Bitcoin?
Bitcoin is the first crypto asset and one of the largest and most successful cryptocurrencies. Since its beginning, the core of Bitcoin technology hasn’t changed that much. But this doesn’t mean that there aren’t new projects happening in the blockchain world. One such development is Wrapped Bitcoin. But what is Wrapped Bitcoin, and why does […]
Why Use Blockchain?
A blockchain is a digital ledger that stores mostly monetary-related data. It’s a decentralised system that helps a variety of businesses operate without the constant worry of being hacked. Naturally, many people wonder why they should switch to this system, instead of using the already established database as a way of keeping records. Granted, a […]
What Can You Buy with Bitcoin?
In the early days of Bitcoin, many who believed in the cryptocurrency’s potential power believed that it would soon be the biggest alternative to traditional currency in the market. While that has happened to some degree, these days, Bitcoin is primarily used as a long-term investment or traded like any other asset. One of the […]
What is a Bitcoin Mining Pool? How to Join Bitcoin Mining
If you’ve done any reading about Bitcoin recently, you may know that one great way to make some Bitcoin is to mine it. Many miners decide, though, not to go it alone as the power of one just can’t compete with the mining pools out there today. Understanding exactly what a mining pool is, though, […]
Can Stolen Bitcoin Be Recovered?
You’ve likely seen the headlines before – Bitcoin stolen! It has happened to high profile Bitcoin owners. It has happened to average individuals who were just interested in using Bitcoin as an alternative to traditional currency. In fact, it is estimated that more than 1 million Bitcoins have been stolen from exchanges and traders on […]
How Can You Tell It Is a Bitcoin Scam?
The number of Bitcoin profit scams is on the rise. You may see a giveaway scam that promises to double the amount you send. You may even see it promoted by some of your favorite influencers on social media, but only because their accounts were hacked. At any rate, you don’t want this to happen […]
How Do I Cash Out Bitcoin to My Bank Account?
Bitcoin is an attractive option for many. The market is hot, and despite the tumble it took in 2017, it’s quickly getting hotter thanks to the financial problems from the COVID-19 outbreak. It’s a great investment and a great way to get away from traditional fiat currency, but if you want to withdraw Bitcoin wallet […]
How to Get Free Bitcoin
Buying Bitcoin is an excellent investment, but if you’re like many people, you may not be able to buy quite as much Bitcoin as you’d really like to hold. Fortunately, there are other ways to get Bitcoin. In fact, there are even way to get free Bitcoin. Are you interested in how to get free […]