Bitcoin (BTC) Wallet

About Bitcoin

Bitcoin (or BTC) is the world’s first decentralized digital currency based on the form of distributed ledger technology – a blockchain. It uses a peer-to-peer internet network to confirm transactions directly between users and operates free of any central control. All the information is stored in an immutable ledger and can be accessed by anyone. It makes the whole system transparent, as anyone can check the transaction history and track assets. At the same time, records do not contain any personal information, therefore there is no risk that the holders’ information may be stolen.

History of Bitcoin

Bitcoin was invented by somebody known as Satoshi Nakamoto which is a pseudonym for an anonymous programmer or a group of them. On October 31, 2008, Satoshi Nakamoto published the Bitcoin whitepaper on a cryptography mailing list. Despite there used to be other attempts to create a digital currency, this event is generally considered to be the beginning of the entire blockchain and cryptocurrency world.

Is Bitcoin safe?

​​Cryptocurrency is an incredibly volatile investment, therefore buying BTC or any other crypto always entails risk. Though, if you decide to buy it, you will need a safe and secure place to store it. Unfortunately, phishing attacks and exchange hacks are not uncommon in the crypto world. NOW Wallet is a non-custodial crypto wallet that does not collect any data, which makes it perfect for keeping your crypto assets – including those bought on eToro – right on your mobile device. Bitcoin has gained popularity over the years, with many people embracing the Bitcoin lifestyle as a way to diversify their investment portfolio. However, it's important to note that Bitcoin is still a relatively new technology, and there are risks associated with investing in it. It's crucial to do your research and understand the potential risks before investing in Bitcoin. One key aspect of Bitcoin is the use of a Bitcoin address, which is a unique identifier that allows you to send and receive Bitcoin. By having a Bitcoin address, you can safely store your Bitcoin and use it for transactions as needed.