FAQ

What is Bitcoin?
Bitcoin is digital money used for secure and instant transfer of value anywhere in the world. It is not controlled or issued by any bank or government - ins...
Tue, 31 Oct, 2017 at 4:49 PM
Why Trust Bitcoin?
Bitcoin’s core protocol is viewable by anyone, has been vetted by thousands of security researchers around the world, and has proven to be robust and reliab...
Tue, 31 Oct, 2017 at 9:32 PM
Why would I use bitcoin?
Bitcoin allows you to instantly send any amount of money to anyone in the world without needing a bank. It allows you to access your money without needing a...
Tue, 31 Oct, 2017 at 9:42 PM
Why does Bitcoin change value?
Bitcoin is traded for dollars, euros, Naira, yen, and other currencies in real time 24 hours a day. Depending on the demand for buying or selling bitcoin, t...
Tue, 31 Oct, 2017 at 9:49 PM
What is the minimum bitcoins I can send?
The minimum amount is currently 55 bits (or 0.000055 Bitcoins).  This amount is defined by the bitcoin protocol, not bitpaya. While this is the minimum, tra...
Tue, 31 Oct, 2017 at 9:50 PM
Is it legal to use cryptocurrencies?
Bitpaya offer a trading platform for ethereum  not just  Bitcoin. Account at bitpaya website is completely legal and cryptocurrency trade is allowed by legi...
Tue, 31 Oct, 2017 at 9:52 PM
Why is my transaction still pending?
Please note that bitpaya does not control how quickly transactions are confirmed on the blockchain. Transactions to other bitpaya accounts are processed imm...
Tue, 31 Oct, 2017 at 9:54 PM
Can I cancel sent bitcoin transaction?
Bitcoin transactions are irreversible. Once a bitcoin transaction has been broadcasted to the blockchain (no matter if it is still processing or sent), it c...
Tue, 31 Oct, 2017 at 9:56 PM
How divisible are bitcoins?
One of the great functions of bitcoins is that they are literally able to be divided into one million pieces. Said another way, bitcoins can be divided down...
Tue, 31 Oct, 2017 at 9:58 PM
How long until all bitcoin is generated?
The last block of bitcoin will be generated in the year 2140 and will be block number 6,929,999. After that block is mined, there will be slightly less than...
Tue, 31 Oct, 2017 at 10:00 PM