Latest updates in Bitcoin Mining Industry - 2019 updated Takeaway: With the launch of Bitcoin cryptocurrencies were born, and with this, an industry for Bitcoin...
Mining
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Iran’s Government Officially Legitimises Crypto Mining According to an announcement made by the Iran chamber of commerce on the 29th of July 2019, the government...
Beginning Cryptocurrency Mining: Everything You Need To Know One of the most heated debates in the recent past is cryptocurrency mining. There has been hype...
Crypto Mining Basics: An Informative Infographic What is Crypto Mining? Crypto mining is a process that verifies crypto transactions. In most cases, verifying transactions generates new...
A Brief History Of Bitcoin Mining A good few years ago, back in 2009, mining Bitcoin for many was merely considered a hobby. For those...
The Cryptocurrency Future: Hurdles and Heroes Significant volatility, substantial losses, panic selling. What on earth has been going on with cryptocurrencies this year?! Industry experts...
Mining: How are Cryptocurrency Coins Created? You might have heard of the gaining popularity of cryptocurrency which has aroused your investor senses. In fact, at...
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Storing your coins with Wallets
A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.
For information please read our beginners guide to cryptocurrency wallets.
Pay with POLI. Its fast!
POLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.
About Bitcoin
Bitcoin (BTC) is a form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. Transactions are stored on a distributed, immutable, online, public ledger known as a blockchain. Bitcoin was the first truly decentralised cryptocurrency which was created by a programmer under the pseudonym Satoshi Nakamoto and was released in 2009. The system is peer-to-peer, verified by network nodes and recorded in a public distributed ledger called the blockchain. Bitcoin can be exchanged for other currencies, products, and services with over 100,000 merchants and vendors accepting bitcoin as payment. Bitcoin can also be held as an investment. There are only a fixed number of Bitcoin will ever be mined (21 million), it’s not controlled by any one government or central bank, and there’s no such thing as quantitative easing or fractional reserve banking. These qualities make Bitcoin excellent as a store of value and a long-term safe-haven asset, similar to gold.
A Bitcoin success story that went viral on social media is Kristoffer Koch from Norway. Koch invested around $27 in Bitcoin in 2009 and then forgot about it for four years. He remembered about his Bitcoin wallet in 2013, which had then grown in value to $886,000.
Buy Bitcoin
Due to the price of sending and sourcing BTC the minimum order is $500.00.
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