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Frequently asked questions

It is possible to buy only a small part of a Bitcoin. The smallest unit of a bitcoin is called satoshi. Each bitcoin can be divided into 100,000,000 satoshi. A satoshi is currently worth around 0.01 cents.

There are several factors to consider when buying bitcoin. On the one hand, prices and fees should be compared. Furthermore, the verification is an important point, as this can take from a few minutes to several weeks, depending on the bitcoin exchange. The payment method with which the bitcoin should be paid also plays a role. Last but not least, the security of the bitcoin exchange should be considered.

Bitcoin is the first decentralized digital currency and the leading cryptocurrency worldwide. Bitcoin serves as a store of value and is therefore often referred to as digital gold. Read our guide on Bitcoin to learn more about this cryptocurrency.

Bitcoin is sometimes abbreviated with its ticker BTC. A few exchanges may also refer to bitcoin as XBT.

The bitcoin price is a market price made up of supply and demand. If more people want to buy bitcoin than sell it, the price will rise. Supply and demand depend on a large number of factors, from technological developments to the monetary policy of the central banks.

You can buy bitcoins on so called bitcoin exchanges on the Internet. Other options are Bitcoin ATMs and peer-to-peer networks, but both usually come with higher fees or higher risks.

Bitcoin can be bought on bitcoin exchanges and CFD platforms on the internet.

A bitcoin exchange is a marketplace where buyers and sellers trade bitcoins. Similarly to stock exchanges, a bitcoin exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.

Is now a good time to buy bitcoins? We don’t know. Since the price of bitcoin changes all the time, it is worthwhile to compare prices when buying bitcoin. With the help of our price alarm, you can also be notified when bitcoin reaches your desired price. Don't miss out on a good selling point and set a yourself price alert.

Is now a good time to buy crypto? Frankly, we don’t know. But there are several strategies when it comes to investing. One approach is to buy in when price slips. In the crypto community this strategy is known as "buying the dip" (BTD). Another strategy is dollar-cost averaging: investing a certain amount of money on a set schedule, say $100 every Monday morning. Dollar-cost averaging seeks to average out the lows and highs over time. No matter which strategy you choose, Cryptoradar’s price alerts help you to not miss a dip, and adhere to your investment schedule.

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