Frequently Asked Questions

1. What is Bitcoin?
Bitcoin is digital money that lives on the internet. Unlike dollars, it isn’t controlled by banks or governments.

2. Why was Bitcoin created?
Bitcoin was created in 2009 to give people a way to store and send money without relying on banks.

3. How does Bitcoin have value?
Bitcoin has value because people trust it, has great utility, adoption rate, and there will only ever be 21 million of them.

4. Is Bitcoin safe?
Yes, the network is extremely secure, but keeping your Bitcoin safe depends on storing it in a secure wallet.

5. How do I buy Bitcoin?
You can buy Bitcoin on apps like Cash App, Coinbase, or PayPal — starting with as little as a few dollars.

6. Can I lose money with Bitcoin?
Yes. The price goes up and down a lot, so it’s best for long-term investing.

7. Can I use Bitcoin to buy things?
Yes. Some companies accept it, and you can also use debit cards connected to your Bitcoin wallet.

8. Who are some notable companies that accept Bitcoin as payment both direct and through a third party payment system? Microsoft, Home Depot, Starbucks, PayPal, Overstock, At&T, Expedia, AMC Theaters, Newegg.

9. Is Bitcoin the same as cryptocurrency?
Bitcoin was the first cryptocurrency and is still the most trusted and valuable.

10. Why should I care about Bitcoin?
Because money is going digital. Learning now helps you prepare instead of being left behind.