Bitcoin
Bitcoin (BTC) is the cryptocurrency that marked the beginning of a financial revolution. Created in 2009 by an individual or group using the pseudonym Satoshi Nakamoto, Bitcoin introduced the world to the concept of decentralised digital currency.
Buying
Bitcoin
(BTC)
Through the App
Bitcoin
's popularity has made it readily accessible through various platforms, including our app. If you're interested in buying
Bitcoin
, here's how you can do it through our app:
Download and Install Our App
To get started, download and install our app from your preferred app store.
Sign up and Get verified
With no foreign transaction fees, you can spend your crypto globally, anywhere Visa is accepted.
Deposit funds
Deposit crypto to your Wayex Wallet or deposit $AUD via PaylD or BSB & Account Number within seconds.
Browse the market
Once you're verified and have your funds ready, navigate to the
Bitcoin
(BTC)
section within the app. Here you can view real-time prices, historical data, and market trends.
Place your order
Specify the amount of
Bitcoin
you want to buy and confirm your order. You can choose to buy a fraction of a
Bitcoin
or whole units, depending on your preference and budget.
Done! You have now bought
Bitcoin
. What now? You can either keep your crypto in your Wayex Wallet or you can transfer it to a different hot or cold storage wallet for added security, or you can cash out and spend your crypto through the Wayex Card, which converts your crypto into fiat in real-time! It works anywhere Visa is accepted.
Understanding
Bitcoin
(BTC)
Bitcoin operates on blockchain technology, a distributed ledger that records all transactions. Its decentralised nature means that it's not controlled by any government or central authority. Instead, a global network of nodes validates and secures transactions, making it highly resistant to censorship and fraud.
Bitcoin's limited supply of 21 million coins has driven its value and made it a sought-after digital asset for both investment and as a medium of exchange. It has also paved the way for thousands of other cryptocurrencies, collectively known as altcoins.
Bitcoin's creation, fueled by the 2008 financial crisis, aimed to provide an alternative financial system outside traditional banking. It has since evolved into a global phenomenon, gaining recognition from major financial institutions and governments.
As you venture into the world of cryptocurrency, it's essential to understand the technology and principles behind Bitcoin. While it's price can be highly volatile, Bitcoin's underlying blockchain technology has far reaching potential beyond just digital currency. It has applications in supply chain management, voting systems, and much more.
**All information in this article is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Wayex to invest, buy, or sell any coins, tokens, or other crypto assets. Any descriptions of Wayex products or features are merely for illustrative purposes. Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. It is essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.
