Bitcoin FAQ

Can Bitcoin be regulated?


Can Bitcoin scale to become a major payment network?


Can bitcoins become worthless?


Can I make money with Bitcoin?


Could users collude against Bitcoin?


Doesn't Bitcoin unfairly benefit early adopters?


How are bitcoins created?


How difficult is it to make a Bitcoin payment?


How does Bitcoin mining work?


How does Bitcoin work?


How does mining help secure Bitcoin?


How does one acquire bitcoins?


How much will the transaction fee be?


Is Bitcoin a bubble?


Is Bitcoin a Ponzi scheme?


Is Bitcoin anonymous?


Is Bitcoin fully virtual and immaterial?


Is Bitcoin legal?


Is Bitcoin really used by people?


Is Bitcoin secure?


Is Bitcoin useful for illegal activities?


Isn't Bitcoin mining a waste of energy?


Isn't speculation and volatility a problem for Bitcoin?


What about Bitcoin and consumer protection?


What about Bitcoin and taxes?


What are the advantages of Bitcoin?


What are the disadvantages of Bitcoin?


What determines bitcoin’s price?


What do I need to start mining?


What does "synchronizing" mean and why does it take so long?


What happens when bitcoins are lost?


What if I receive a bitcoin when my computer is powered off?


What if someone bought up all the existing bitcoins?


What if someone creates a better digital currency?


What is Bitcoin mining?


Who controls the Bitcoin network?


Who created Bitcoin?


Why do bitcoins have value?


Why do I have to wait for confirmation?


Why do people trust Bitcoin?


Won't Bitcoin fall in a deflationary spiral?


Won't the finite amount of bitcoins be a limitation?



  • Coinspot Review

    CoinSpot is an exchange based in Australia which accepts Bitcoin, Litecon, Ethereum and many other cryptocurrencies. It has a mobile...
  • Coinbase Review

    Coinbase is reputed to be the world’s largest Bitcoin broker. In addition to direct sales of Bitcoin at, or close...