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. 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:,, 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.