So, what is Bitcoin?
Bitcoin was the first decentralized digital currency created in January 2009, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries to facilitate faster payments.
The independent individuals and companies who own the governing computing power and participate in the bitcoin network, or "miners", are in charge of processing the transactions on the blockchain and are motivated by rewards (the release of new bitcoin) and transaction fees paid in bitcoin.
Bitcoin can now be accepted as payment for almost everything, and it is now common for stores to accept BTC as a payment method! The transactions can be handled with the requisite hardware terminal or wallet address through QR codes and touch screen apps. An online business can easily accept Bitcoin by adding this payment option to its other online payment options: credit cards, PayPal, etc.
For more information on Bitcoin.org, you can visit their official website here.
For more information on how Bitcoin works, you visit the CoinMetro blog here!
How to buy or sell BTC on CoinMetro
How to receive/deposit BTC
For all in-depth information on how to deposit BTC into your CoinMetro account, please click here.
How to send/withdraw BTC
For all in-depth information on how to withdraw BTC from your CoinMetro account, please click here.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be cancelled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be cancelled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.
We hope this article has given you all the information you need on buying, selling, depositing and withdrawing BTC.
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