Bitcoin is a digital currency built on open-source blockchain technology. It operates without central authority—no banks or governments—and is stored and exchanged electronically.
Bitcoin was introduced in 2008 by an individual or group known as Satoshi Nakamoto. The project was released under the MIT open-source license and later handed over to the community in 2010.
Mining is the process of using powerful computers to solve complex mathematical problems that verify Bitcoin transactions. Miners secure the network and earn Bitcoin as a reward.
You can purchase Bitcoin on cryptocurrency exchanges, peer-to-peer (P2P) trading platforms, or Bitcoin ATMs using your local currency or other payment options.
Bitcoin’s security relies on blockchain technology and cryptographic verification. However, users are responsible for protecting their wallets and private keys to prevent loss or theft.
Yes. You can earn profits through trading, mining, or long-term holding (known as “HODLing”). However, Bitcoin prices are highly volatile, so investments carry significant risks.
Bitcoin is legal in many countries, though regulations differ across regions. Always confirm your country’s cryptocurrency laws before using or trading Bitcoin.
Bitcoin can be stored in software wallets, hardware wallets, or offline (cold) storage. For maximum safety, use hardware or cold wallets and back up your recovery phrases.
Yes. If you lose access to your wallet or private keys, your Bitcoin cannot be recovered. Always store backups securely and never share your private keys.
Bitcoin is pseudonymous—transactions are recorded publicly on the blockchain, but the identities behind wallet addresses remain hidden unless voluntarily disclosed.
Bitcoin’s total supply is capped at 21 million coins to ensure scarcity and prevent inflation—similar to how gold is limited by nature. This fixed supply helps preserve value over time.
