Bitcoin Guide

Getting and using bitcoin is a multistep process, but we’ve got all the information you need to start buying, exchanging and using bitcoin in the guide below. If you are looking to get a better understanding of how to get your hands on bitcoin and how you can you use it online, continue reading.

What is Cryptocurrency?

Mining Bitcoin on Computers

Cryptocurrencies are digital currencies that verify transactions using mathematical algorithms called cryptography. Bitcoin is the most popular cryptocurrency, and differs from traditional currencies in that it has no central governing authority, no requirement for the transfer of personal information, and has a set supply of 21 million bitcoins that will ever be created, or “mined.”

Read More About Bitcoin History

Bitcoin Wallets

Bitcoin wallet

While all bitcoin are actually “stored” on the blockchain, a decentralized ledger of transactions, you’ll need a digital wallet to maintain access to your bitcoin. These wallets store your public address—where people can send you bitcoin—and your private key, the string of characters that prove you own your bitcoin. Keeping your private key safe and secure is necessary to make sure no one can steal your bitcoin.

Learn how to set up a wallet

How to Buy Bitcoin

Cryptocurrency Altcoin Bar Chart

To buy bitcoin, you’ll need a wallet, an exchange, and funds with which to buy it. After you’ve set up your wallet, you’ll need to create an account on an exchange, which acts like the stock market for digital currencies. You exchange fiat currencies (like USD) for cryptocurrencies like bitcoin. Once you’ve purchased your bitcoin, you’ll want to transfer them to your wallet to keep them secure.

Read more on buying Bitcoin

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Using and Spending Bitcoin

Using and spending Bitcoin

Now that you own your own bitcoin, you’ll want to use and spend it. More and more retailers offer bitcoin as a payment method, as do many charities and non-profits. You can also simply give or sell your bitcoin to friends and family, or try your hand at betting with bitcoin with an online casino or sportsbook.

Read more on spending Bitcoin

Alternative Cryptocurrencies

Alternative Cryptocurrencies

In the cryptocurrency marketplace, Bitcoin remains at the top. However, alternative crypto options referred to as ‘altcoin’ are becoming more popular among users. In this guide, we’ll break down five popular altcoins you should know about.

View all Altcoin guides

Blockchain Technology

Bitcoin GG content-supporting logo

Blockchain technology has significantly impacted online transactions, most notably deposit and withdrawals to and from online gambling platforms. It is the infrastructure that bitcoin is built on and has since been leveraged by other popular altcoins to evolve the crypto space. Continue reading our guide to learn more about what blockchain is and how it is being used by online gambling operators to improve platforms accessibility, transparency, and transaction speed.

Blockchain Gambling Guide
Cryptocurrency Prices by Coinlib