Bitcoin (BTC) is a cryptocurrency. It is the world's first decentralized currency created by Satoshi Nakamoto, whose true identity is still yet to be confirmed. It follows a set of ideas first introduced in a white paper, published on October 31, 2008. Since that time, it's remained the most popular cryptocurrency in the world.Bitcoin facilitates payments by using peer-to-peer technology that requires no central authority to operate. Individuals who contribute computing power to the Bitcoin network, also known as 'miners', are incentivized by rewards and transaction fees paid in Bitcoin. One Bitcoin is divisible to eight decimal places, and the smallest unit is known as a satoshi.
Fequently asked questions
How do I actually buy Bitcoin?
You can buy Bitcoins on our website with a payment method after you have registered. You can select the amount and pay. It's that simple!
How is the price calculated?
The cryptocurrencies price is determined by supply and demand: the buyers who want a certain currency and the sellers who have that currency. MySolidWealth does not set the price of Bitcoin or any cryptocurrency.
Where is the Bitcoin stored?
MySolidWealth will hold your Bitcoin in its safe for you, so you don't need anything else. You can buy and sell bitcoins. MySolidWealth's database and bookkeeping guarantees the allocation of the cryptos to the respective users at all times.
Why is the price different on Google?
There is no global Bitcoin price, it isn't pegged to any currency, country or Bitcoin platform. When you see the price on Google, it is simply showing an estimated, international price.