Home/Bitcoin
Tag: Bitcoin
Bitcoin is basically the OG of crypto—came out in 2009 and started as some nerdy internet money, but now it’s worth tens of thousands per coin (no cap 😮). people be buying it hoping it hits the moon 🚀, but it’s mad volatile—like one tweet and it’s either up 10k or down bad.
lowkey, some peeps see Bitcoin as digital gold, others think it’s a big gamble—depends on how you play it. you messing with crypto or just curious?
How do I trade Bitcoin on Bybit?
First, go to Bybit and sign up. Takes like 2 minutes. You’ll need to do that KYC stuff too — basically upload your ID and a selfie. Nothing crazy. Once you're in, you gotta deposit some crypto. Just go to “Assets,” hit “Deposit,” pick Bitcoin or whatever, and send it from your wallet. Boom, funds inRead more
First, go to Bybit and sign up. Takes like 2 minutes. You’ll need to do that KYC stuff too — basically upload your ID and a selfie. Nothing crazy.
Once you’re in, you gotta deposit some crypto. Just go to “Assets,” hit “Deposit,” pick Bitcoin or whatever, and send it from your wallet. Boom, funds in.
Now, to trade Bitcoin — you’ve got two main options:
Spot trading (you’re just buying/selling actual Bitcoin), or
Derivatives trading (you’re trading contracts, kinda like betting on price movements — but with leverage if you’re into that risk).
For spot trading (which is easiest to start with):
Go to Trade > Spot.
Pick BTC/USDT (that’s Bitcoin vs. Tether).
Choose your order type:
Market = buy/sell instantly at the current price.
Limit = set your own price and wait for it to hit.
Hit buy or sell. Done.
After that, you can check your open trades in the “Orders” tab.
One tip: always start small till you get the hang of it. And maybe set a stop-loss so you don’t wake up broke 😂
See lessHow long does it take to receive a bitcoin from Cash App to the Bybit app?
Usually not that long, man. After you send Bitcoin from Cash App, it goes through the Bitcoin network, which takes like 30 to 60 minutes most of the time — depending on how busy the network is. Cash App sends it out pretty quick once you hit “withdraw,” and then Bybit just waits for a few confirmatiRead more
Usually not that long, man. After you send Bitcoin from Cash App, it goes through the Bitcoin network, which takes like 30 to 60 minutes most of the time — depending on how busy the network is.
Cash App sends it out pretty quick once you hit “withdraw,” and then Bybit just waits for a few confirmations (usually 3) before it shows up in your account.
So yeah, if the network isn’t slammed, you should see your BTC in Bybit in under an hour. Just keep an eye on the transaction and you’re good.
See lessHow cryptocurrency (bitcoin) works?
Bitcoin is a decentralized digital currency that uses blockchain technology to validate transactions and secure data. It operates without central authority, providing users with a peer-to-peer financial system. Bitcoin works by using a decentralized network to enable peer-to-peer transactions withouRead more
Bitcoin is a decentralized digital currency that uses blockchain technology to validate transactions and secure data. It operates without central authority, providing users with a peer-to-peer financial system.
Bitcoin works by using a decentralized network to enable peer-to-peer transactions without the need for intermediaries like banks or governments. This is made possible by its core technology: the blockchain, which records and secures all transactions in blocks linked together in a chain.
Transactions are verified through a process called mining, where powerful computers solve complex mathematical problems to validate blocks. Miners are rewarded with Bitcoin for their efforts. Every 10 minutes, a new block is added, and the network continuously updates, making Bitcoin resistant to fraud and manipulation.
You access Bitcoin through a wallet, which uses a pair of public and private keys to enable sending and receiving coins securely. While Bitcoin’s blockchain is secure, users must take extra care with their wallets to avoid hacks or thefts, especially by using cold storage methods for added security.
Bitcoin can be used for payments or investments, and its value fluctuates based on market demand, making it an attractive yet volatile asset.
See lessAre cryptocurrency and bitcoin the same thing?
Cryptocurrency and Bitcoin are closely related, but they are not the same thing. Bitcoin is a specific type of cryptocurrency, and cryptocurrency is a broader term that refers to all digital currencies that use cryptography for security. Bitcoin is the first and most well-known cryptocurrency, creatRead more
Cryptocurrency and Bitcoin are closely related, but they are not the same thing. Bitcoin is a specific type of cryptocurrency, and cryptocurrency is a broader term that refers to all digital currencies that use cryptography for security.
Bitcoin is the first and most well-known cryptocurrency, created as a decentralized digital currency. It operates without the need for a central bank or government, allowing users to send transactions directly to each other on the Bitcoin network. Bitcoin uses cryptographic techniques to secure transactions and control the creation of new units, making it a secure and transparent medium of exchange.
Cryptocurrency, on the other hand, is a category of digital currencies that includes Bitcoin but also many other digital assets like Ethereum, Ripple, Litecoin, and more. All cryptocurrencies share the common feature of using cryptography for security, but they may vary in other aspects such as their underlying technology, use cases, and level of decentralization.
In short, Bitcoin is a form of cryptocurrency, but not all cryptocurrencies are Bitcoin. Think of it like this: just as Ford is a car manufacturer, Bitcoin is just one of many cryptocurrencies. Other cryptocurrencies, like Ethereum or Litecoin, operate on different blockchain systems and have different purposes.
So, while Bitcoin is a cryptocurrency, the term “cryptocurrency” encompasses many other digital currencies beyond just Bitcoin. It’s important to understand the distinction, especially given the varied nature and risks associated with many cryptocurrencies.
See less