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What is Bitcoin?
Bitcoin is a digital currency. You can pay with it on spot, in online stores and make transfers. Although, Bitcoin is different than ordinary currencies you know. Advanced math (cryptography) secures each transaction in Bitcoin. It guarantees that transactions cannot be forged and the currency cannot be stolen - of course if the Bitcoin owner uses standard safety procedures (eg. doesn't pass his private key to third-parties).
Bitcoin transactions registry is called Blockchain. It consists of all transfers of this cryptocurrency. You can use it to check your transaction status. The receiver cannot decline he received the funds.
Bitcoin allows quick and cheap international transfers. It's because the cryptocurrency is decentralized - it has no issuer, there are no middlemen in transactions. When paying with Bitcoin you don't have to worry about bank fees or delays. That's why Bitcoin can substitute fiat currencies in payments and transfers.
Transfers are very fast - usually, they take max. 15 minutes. Due to that fact more and more stores, restaurants and other service points accept Bitcoin payments.
Zonda is now zondacrypto!
As the exchange continues to evolve and grow, we're thrilled to announce that we're rebranding and changing our name to better reflect our vision and values. We're still the same team you know and trust, but with a fresh new name that captures our spirit of innovation and customer-centric approach.
Some things may look a bit different but don’t worry - all operations remain the same and your login details work as usual.
Stay tuned for more updates and exciting changes as we embark on this new chapter together. Thank you for your continued support and loyalty!