A Bitcoin can be divided out to eight decimal places, so you can send someone or buy 0.00000001 Bitcoin.
The smallest fraction of a Bitcoin is called a Satoshi.
There are 100M Satoshis in 1 Bitcoin.
(The word "Satoshi" comes from the creator of Bitcoin. The world's greatest mystery!)
Buying your first cryptocurrency is very exciting stuff. It feels like the first days of the internet, or email, or finding out your having a baby! OK, coming back to reality.
To buy your first crypto, the first step is doing research. Read everything you can on cryptocurrency.
Some helpful places to start is here (link articles): What is...
Choosing a wallet for you cryptocurrency is a critical component in buying Bitcoin and other cryptos. You must consider security, ease of use, ability to transact, storage capacity on your computer and affordability.
Wallets are also referred to “storage” or how/where to store your bitcoin or other cryptocurrency.
Hot wallet (Also called an 'online wallet' or 'web wallet'): This is...
Satoshi Nakimoto is the name of the unknown creator of Bitcoin. When he created the original rules for the program, he communicated via messenger and email; after the software was released in 2009, he disappeared 2 years later.
Satoshi Nakimoto was (and still) remains anonymous. There is heavy speculation on Who is Satoshi Nakimoto, some of the people linked with him:
...
No. The actual bitcoin lives on the blockchain.
The photos of the gold ‘B’ coins are just photos to highlight the that it is a currency.
Currently, the only way we understand currency is by physical cash and coins.
Bitcoins and all cryptocurrencies are all virtual / digital currencies, one's that does not have an actual physical coin to...
A wallet application that stores your private keys for cryptocurrency signing transactions.
The wallet contains your private keys which allow you to spend the bitcoins or other cryptocurrency.
Your coins do not live in the actual wallet, the live on the blockchain.
To learn about the different types of wallets, click here.
Cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It is produced by a public network of computers, rather than regulatory governments.
Cryptocurrencies use cryptography to secure and verify transactions as well as to control the creation of new units of that cryptocurrency.
To date, Bitcoin is the largest cryptocurrency.
Digital money is the form of money that exists in electronic form. This is physical money that uses technology platforms for payment or accounts.
An example of this is smart phone payment systems (such as Apple Pay), Credit Cards (PayPal), certain online bank accounts.
Digital money shouldn’t be confused with Digital Currency.
Digital currency or Cryptocurrency, which is a...
Digital currency, also known as Cryptocurrency, or Virtual money, is a type of currency that purely exists in the digital form.
Digital currency holds properties similar to physical money.
The difference is digital money allows for instantaneous transactions and cross border transactions - without the need for central banks.
To read more, see Cryptocurrency.
Like ANY type of investing, there are risks. In cryptocurrency, there are very serious risks, given the sheer nature.
The largest of them is that you could lose your ALL of your money. Any good investment advisor or website will tell you to never invest money you can afford to lose.
With Crypto there are some common risks and...