Frequently Asked Questions

Bitcoin is a cryptocurrency and worldwide payment system that only exists electronically. It is the first decentralized digital currency, as the system works without a central bank or single administrator tying it in regulatory processes.

Through a peer to peer network, holders of bitcoin can transfer their money to users in a super safe encrypted network called the blockchain. This security is ensured by a number of blockchain “miners” who monitor the blockchain and continually verify it. #supersafe

While Bitcoin may be first, there are a number of other cryptocurrencies, including Ethereum, Ripple, and Litecoin.

If you would like to learn more about Bitcoin and cryptocurrencies in general, MintDice also keeps a fantastic blog updated with the best Bitcoin & Cryptocurrency News.

There are many ways to purchase Bitcoins and they all start with a bitcoin wallet. To buy Bitcoin you must first create an account on a cryptocurrency exchange. It’s super easy and should take less than a few minutes.

Once your account is created and your wallet is set up, you can connect your bank account or a credit card to transfer your assets to buy Bitcoin.

If you are just looking to get started right away, below are a few links where you can get started buying Bitcoin and find the exchange that’s right for you:

Kucoin

Huobi

FTX

Bibox

Finding the Bitcoin wallet that’s right for you really depends on your needs and your situation. Some wallets are more user friendly, some are mobile apps or desktop clients and some are even hardware wallets for more advanced users like the Trezor. At the end of the day it’s going to be what makes the most sense for how you’ll use your Bitcoin.

☃️ Snowflakes