benjamin_cole_nurse
Sun Jun 23 2024
|
0 answers
0
When submitting payment information, you'll have to verify your identity. Once you choose a wallet and set it up, it's time to find an exchange and make your first Bitcoin transaction.How do I receive Bitcoin?
Could you elaborate on the process of receiving Bitcoin? I understand that I need to verify my identity when submitting payment information, but what steps should I follow afterwards? After selecting and setting up a wallet, how do I find a suitable exchange and initiate my first Bitcoin transaction? Are there any specific requirements or best practices to ensure a smooth and secure transaction? I'm new to this and would appreciate a detailed breakdown of the entire process.
charlotte_wright_coder
Sat Jun 22 2024
|
7 answers
1477
What is the Largest Bitcoin Transaction Ever Made? The largest Bitcoin transaction ever made was on November 16, 2011 when 500K Bitcoins were moved between addresses.How many bitcoin wallets are there?
Inquiring minds want to know: What stands as the largest Bitcoin transaction to date? The record-breaking event occurred on November 16, 2011, where a staggering 500,000 Bitcoins were transferred between two addresses. But now, I'm left wondering, just how many Bitcoin wallets exist out there in the vast crypto universe? With the ever-growing popularity of cryptocurrencies, the number must be astronomical, right? Or perhaps, there's a more precise figure worth exploring.
TaegeukChampionship
Sat Jun 22 2024
|
6 answers
1231
What happens if a bitcoin transaction is unconfirmed for a long time?
As a keen observer of the cryptocurrency market, I'm curious about the potential implications of a bitcoin transaction remaining unconfirmed for an extended period. Could you elaborate on the possible scenarios that could arise in such a situation? How does it affect the sender and receiver? Are there any risks involved, such as the loss of funds or increased chances of double-spending? Additionally, what are the typical reasons for a transaction to remain unconfirmed, and what measures can be taken to resolve the issue? Understanding these aspects would greatly enhance my knowledge about the nuances of bitcoin transactions.
KatieAnderson
Sat May 11 2024
|
6 answers
1380
Who pays you when you sell Bitcoin?
I'm just curious, who actually pays you when you decide to sell your Bitcoin? Is it an individual buyer? Or is it some sort of exchange platform? I've been hearing about Bitcoin for a while now, but I'm still a bit hazy on the practicalities of it. I mean, when you sell your coins, how does the money actually get to you? Is it a direct transfer? Or does it go through some intermediary? I'd really appreciate it if you could break it down for me, step by step. I'm just trying to get a better understanding of the whole process.
