General info about Bitcoin

Bitcoin is a cryptocurrency and worldwide payment system.


In order to buy Bitcoin, you need to have an existing Bitcoin Wallet address.

 

If you don’t yet have one, you need to create a new wallet. Paybis.com recommends Electrum wallet, Blockchain wallet and Trezor wallet.

 

All Bitcoin transactions are stored in Blockchain, which is a digital ledger of all the records.

 

In order to view a particular Bitcoin transaction or a Bitcoin Wallet Address you can use different explorers: Blockchain.info, Chain.so, Blockcypher, Tradeblock etc.
 


Usually, a Bitcoin transfer is regarded completed when there are at least 6 confirmations on Blockchain. Paybis considers a Bitcoin transfer completed as soon as there is 1 confirmation on Blockchain.