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27 Beginner Bitcoin FAQs - Frequently Asked Questions: Basics Explained

Written By Ivan on Tech

Aug 12, 2020

If you've stumbled across this page in search of answers around Bitcoin, welcome! There is a lot we can teach you. Ivan on Tech Academy provides Bitcoin, blockchain, and crypto education, and can answer all your Bitcoin FAQs through a variety of different learning techniques including videos, quizzes, and research.

For this post, we have collated questions about cryptocurrency and answered the most frequently asked by beginners, to help you get started on your journey. So let's start with the absolute basic fundamentals:

What Is Bitcoin?

Bitcoin is a cryptocurrency, often referred to as a virtual currency or digital currency, used as a method of exchange or store of wealth. On a very basic level, it is a piece of code. There are no physical coins to speak of, rather, there are UTXOs (unspent transaction outputs) that make up the balance in your wallet.

Bitcoin was created following the financial crash of 2008 as a solution to government and central bank manipulation of money and the...

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