Bitcoin was the first cryptocurrency released and is still the most commonly traded. Bitcoin is built on blockchain technology, and it is a digital token that can be sent electronically via a decentralized digital payment network. Bitcoin can be sent from one person to another, anywhere in the world. If you’re looking for a safe place to store your Bitcoin (BTC), then Zengo is the app for you.
Trying to keep track of online portfolio trackers is tiresome, and outdated, not to mention they can give you conflicting results. With Zengo, you’re able to view your Bitcoin (BTC) portfolio and keep up to date with market trends right from the app.
It’s easier than ever to send or receive your Bitcoin with the Zengo app. It is as simple as swiping or tapping on your home screen and following a few prompts. With Zengo, you’re able to receive and send BTC without having to leave the app.
Buying Bitcoin shouldn’t be a complex process, yet it can seem very confusing and complicated to some. Zengo makes it easy even for first-time buyers to purchase crypto by simply swiping to the desired asset and following the on-screen prompts.
Success in the crypto market depends on you buying at the right time. So to make this process easier, you can use Zengo to buy Bitcoin with real fiat currency like the US Dollar, Euro, and Pound Sterling.
Zengo offers various payment methods as we strive to be the most user-friendly wallet available on the market. You can pay via Visa, Mastercard, mobile payment apps, SEPA, and Swift transfer, with there being a minimum amount of transfers applicable when using bank transfers (EU and UK only).
If you need to hold your crypto for an extended period of time, Zengo will keep your Bitcoin secure and ready to trade even if you lose your device or change phones. By using Zengo’s sophisticated recovery methods, holding onto your crypto in unexpected times is easier than ever.
You can find a list of supported cryptocurrencies, which you can use to trade on the Zengo app. This includes but is not limited to trading BTC to DOGE, Ethereum, Tezos, and Shiba Inu, any of which can be exchanged for Bitcoin at a fair market rate.
By using Zengo’s saving service feature on their app, you can earn interest on your Bitcoin and other coins. Unfortunately, this feature is limited to specific coins; however, new currencies are added regularly.
Bitcoin is a digital currency found on a decentralized network that you can use to buy, sell or exchange without going through a financial institute like a bank.
Here are ten things you should know about BTC:
Bitcoin is a digital decentralized currency that is not regulated by any banks or central institutes, meaning it operates free from the government. It can be sent from user to user using the Bitcoin network without needing intermediaries.
Nobody really knows who created Bitcoin as the individual or group who created it used a false name, Satoshi Nakamoto. To honor his name the smallest unit of Bitcoin is called Satoshi.
Bitcoin was created to be an alternative to the traditional currency used online and to help people save money.
Bitcoin was originally created on October 28, 2008, by Satoshi Nakamoto. Many people claim it was actually minted on January 3, 2009, and therefore use that date as its birthday.
The supply of Bitcoin is limited to a final cap of 21 million. Currently (2023), 18.9 million tokens have been mined. No new Bitcoins will be released after the 21 million coin limit is reached.
The Bitcoin cryptocurrency operates on the Bitcoin blockchain which is a series of linked blocks of data containing transaction records. It is supported by a complex mining process to ensure the integrity of transactions.
Bitcoin is considered to be the most successful cryptocurrency on the planet. There are millions of people supporting it, as well as a lot of celebrities investing in it, like Snoop Dogg, Elon Musk, Jack Dorsey, Mark Cuban, etc.
Bitcoin can be used to purchase a growing list of products that you would use real fiat currencies for, such as cars, jewelry, eCommerce products, insurance policies, or even real estate. The number of companies willing to use Bitcoin for transactions is growing day by day.
Bitcoin has a large, highly active online community across many social media platforms. Their Twitter following sits on 4.8 million, and their Reddit page has 4 million followers. Since Bitcoin is the largest and most spread cryptocurrency on the globe there are countless community channels for you to explore.
While Bitcoins can be mined, creating them through mining is to solve extremely complex math problems that will verify transactions in the currency. As time goes on this process becomes more expensive. That is why many miners choose to mine other currencies instead of Bitcoin.
Bitcoin was launched in 2009 and is now the largest cryptocurrency in the world.
A pizza purchase was the first commercial Bitcoin transaction. The two Papa John’s pizzas ordered and valued at $25 were delivered for 10,000 BTC on May 22, 2010. That transaction set the initial real-world price of Bitcoin at four Bitcoins per penny.
When Bitcoin was introduced to the world by Satoshi Nakamoto, nobody knew who they were, and in 2010, they vanished off the internet and haven’t been heard from since.
There are 100,000 Bitcoin millionaires.
Satoshi’s Bitcoin wallet currently has 980,000 Bitcoin, making them one of the wealthiest people/groups on the planet.
The last Bitcoin will be mined in 2140.
20% of Bitcoin has been lost forever.
Bitcoin is a legal tender in El Salvador.
Satoshi is the smallest unit of the cryptocurrency Bitcoin. This unit was named after Satoshi Nakamoto, the founder(s) of Bitcoin. The Satoshi-to-Bitcoin ratio is 100 million satoshis per 1 Bitcoin.
Bitcoin balances can be tracked on a public ledger and are considered immutable, tamperproof, and irreversible.
Bitcoin was the first and is now the most valuable cryptocurrency. It has grown from a fringe experiment into one of the biggest tickets in global finance.
Physical Bitcoins do not exist.
Bitcoin is open-source and public, meaning nobody owns or controls it, and everyone can take part.
Bitcoin is not backed by any governments or banks.
Zengo is a one-stop-shop for all your cryptocurrency needs. The wallet has several unique features that make trading a breeze, whether you are highly experienced or a complete beginner.
With Zengo, you can access your crypto portfolio at any time. Buy, trade, view, or send Ethereum to friends and family on the go, whenever you need to. Unlike other wallets, there are no minimums, no maximums, and no expensive transaction fees. Just safe and simple transacting.
Using the best in cyber-security protocols, Zengo’s wallet is one of the most secure wallets you will find. It makes use of three-factor authentication as well as threshold key signatures, MPC (multiparty computation), and facial recognition to keep your Bitcoins safe.
Zengo allows you to trade, buy, send, and receive Bitcoin, all without having to incur additional transaction fees, meaning you get to stay in control of your BTC.
Zengo will be able to restore access to your wallet and your coins through its authentication methods. If you lose your device at any time, our helpful agents will help you recover access in no time.
At Zengo, we love automation and technology but not for our helpdesk. Find live support agents directly in the app, whenever you need them. We’re available 24/7. Zengo will help new crypto investors every step of the way.
You can use Zengo to hold your Bitcoins for an extended period of time and have peace of mind knowing they will be safe and secure.
Your Bitcoin wallet is your proof of ownership required to access your coins. Hence, it’s essential for accessing and using your tokens. Think of it as a monetary safe that needs a password to open. Your Bitcoin (BTC) wallet acts as the password, allowing you to access your funds.
You can set up your BTC wallet by following Zengo’s five-step process:
Your wallet address is automatically created the moment you create your Zengo account. Simply tap the asset on the home screen and swipe to the right for your QR code, followed by a series of numbers and letters that make up your wallet address.
Your friend or family member must have a Bitcoin (BTC) wallet. You can invite them to download the Zengo app using a referral code. Once they have created their account, you can gift them Bitcoins.
You can send Bitcoins to others by tapping the asset on the home screen, then swiping left and entering the address to which you want to send the BTC.
For someone to send you Bitcoins, they will need your wallet address. Once they initiate the transfer, you will get a notification with a request. The next step you’ll have to take is to go onto your Zengo app, swipe to the side of your screen, and hit the receive button.
Disclaimer: The information provided herein is for educational purposes only. Zengo does not provide any investment or financial advice whatsoever. As with any financial or investment decision, conduct your own research and due diligence to properly evaluate the benefits and risks of any investment or financial transaction and seek the advice and guidance of qualified financial professionals, in connection with any investment or financial transaction.
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