Need to know
We run a tight ship here at Bitprime. Before purchasing, all customers must:
No wallet – no Bitcoins. Wallets allow you to store your coins in a safe way. Read ur article on Bitcoin wallets.
For the best user experience and security you can purchase a hardware wallet called the Ledger Nano S which is also a multi-currency wallet. Please contact us if you have any questions or need help setting-up a wallet.
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.
Bitcoin is a digital currency, or cryptocurrency, utilising advanced cryptography to secure and verify transactions. 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. Bitcoins’ best characteristic as an investment vehicle is that it’s deflationary, meaning the buying power of Bitcoin increases with time. Other features of Bitcoin are: only a fixed number of Bitcoin will ever be minted, 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.