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ANSWERS TO ALL YOUR QUESTIONS...
What is bitcoin?
On a global scale, the Bitcoin technology has the potential to change the way we conduct business. The following videos introduces you to Bitcoin and shows you just how easy it is to get started trading.
Bitcoin is both an online open source payment system and a decentralized currency. The system is the first of its kind in the world. It allows users to send and receive bitcoins peer-to-peer (P2P) without having to rely on any third party like a bank or credit company for security.
What is a Bitcoin exchange?
A Bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins with fiat money or altcoins. A Bitcoin exchange functions as a link between buyers and sellers of the popular currency – much like that of a more traditional stock exchange.
What exchange do we use?
There exists a handful of respected Bitcoin exchanges around the world. At WeMoveCoins, we use the renowned European exchange, Kraken. The price we offer correlates with the price traded on Kraken at any given moment. The current price of Bitcoin is always visible at the top of our website.
Who sets the price of Bitcoin?
The price of Bitcoin is set by the market as a whole. In other words, the day-to-day price of Bitcoin is governed by price mechanisms of supply and demand. As a result, the price of Bitcoin can be very volatile. That’s always something to consider, if you plan on investing a lot of money. The price of Bitcoin also varies depending on the exchange you use. Bitcoin is traded on multiple exchanges, all of which set their own average price based on sales at a specific time.
Get your Bitcoin wallet
New to Bitcoin? Don’t worry, all you need to get started is a wallet.
A wallet is a software program that enables users to
send and receive digital currency and monitor their balance.
Setting up your first wallet is easy to do. Below, we’ve selected a few quality wallets for you to choose from.
Simply click on your preferred method of storage – we’ll guide you through the rest.
How to setup a Breadwallet for your iPhone
Bread is a simple and secure way to get started with cryptocurrencies. As a real standalone Bitcoin client, there is no server to get hacked or go down. Build on iOS’ strong security structure, Breadwallet is designed to protect you from malware, browser security holes and even physical theft.
Below, you’ll find a step-by-step guide to setup the Breadwallet on your iPhone.