Here are the top frequently asked questions about bitcoins brought to you by BitcoinFAQs.com
What is bitcoin?
In simple terms bitcoin is a digital currency used to send money from one person to another across the internet.
Bitcoins are "mined" by specialized computers that process bitcoin transactions and search for the bitcoin reward included in each block roughly every ten minutes. These transaction records are recorded in what is known as the blockchain which shows the entire history of every bitcoin transaction since the first or so called "genesis block".
Bitcoins price fluctuates sometimes wildly based on speculation and other market factors.
For more detailed information please visit the Bitcoin Wiki.
Do you buy and sell bitcoin?
Yes, we can facilitate selling or buying bitcoin in Australia or anywhere that can access our local bitcoin exchange service. Most bitcoin transactions take place online however local bitcoin trades are becoming more common across the globe. If you want to meet with other bitcoin traders in your area considering joining a peer to peer bitcoin exchange like Localbitcoins or Paxful.com
Do you provide bitcoin support and customer service?
Of course we support our clients! Our friendly and knowledgeable customer services reps are available to answer your questions.
We also offer resources for bitcoin novices who need more information on trading bitcoin locally in Australia .