What is Bitcoin, Litecoin and Namecoin?
Bitcoin(BTC), Litecoin(LTC), Namecoin(NMC) and a host of other coins are alternative currencies also known as cryptocurrencies which can be used to buy goods and services in many countries all over the world. They are easy to transfer and can be sent to anyone anywhere in the world with almost no transfer fees.
How to unblock my account?
When your account is blocked due to you entering your password incorrectly 3 times or more, your account will be automatically unblocked within 30 minutes, alternatively, email email@example.com
Does AltCoinTrader give GAS to the NEO holders
Currently, AltCoinTrader does not give GAS to NEO holders.
When does the BTT airdrops take place?
The BTT airdrops take place on the 11th or 12th day of each month unless it falls on a weekend until 2025. Deposits will be suspended on the day as well as the following day to accommodate for the aidrop.
What can I buy with Bitcoin or cryptocurrencies?
These days you can buy almost anything with Bitcoin! In most first world countries you can buy gas, pay for a meal at a restaurant or bar, buy clothes, cigarettes, food and pay for services. People have even sold houses for Bitcoin. There are Bitcoin ATMs popping up all over the world! South Africa has its first Bitcoin ATM in Kyalami, Midrand! Now in South Africa, many companies are accepting bitcoin.
Why Bitcoin? What is the advantage?
Freedom with your own money! You can send or receive any amount of money almost anywhere in the world for very low fees. Bitcoin is accepted internationally. There are no limiting factors like banks or bank holidays. You simply have the freedom to buy, sell transfer and control your money!
Where and how do I buy bitcoin?
Right here on our secure trading site https://www.altcointrader.co.za. With us, you can buy, sell and trade your Bitcoin, Litecoin, and Namecoin.
Is it easy and quick to sell my bitcoin's if I want my money?
Bitcoins are easily sold for cash (South Africa Rand) on our secure trading site https://www.altcointrader.co.za and then you can simply withdraw your money into your bank account the entire process takes just a few days and the fees are nominal.
What is a Bitcoin wallet?
A Bitcoin, Litecoin or Namecoin wallet is software that is on your computer where you can keep your Bitcoin, Litecoin or Namecoin. It is important to remember that if you keep your "coins" in a wallet on your computer you must have a backup because if something goes wrong (computer is stolen, computer falls in the pool, hard drive crashes, etc) your "coins" are lost forever! You can also password protect your wallet BUT if you forget your password there is no password recovery and your "coins" are stuck and essentially lost forever! The good part about having your own wallet is that your coins are totally under your control and are safe from any third party!
Who owns the Bitcoin network?
The Bitcoin network and infrastructure are not owned by anyone or any company! It is a totally decentralized network. It is similar to the internet or email, it is controlled by the people like you and me that use it. This gives us the certainty that no one can turn it off as no single company controls it!
How many Bitcoins will be created?
There will only ever be twenty one million (21 000 000) Bitcoin created. Which means in years to come not everyone will be able to own a full Bitcoin! However, Bitcoin can be divided up to 8 decimal places ( 0.000 000 01 BTC ) and it is envisaged that we will use fractions of Bitcoin for daily trading. This will also ensure that Bitcoin don't just lose their value as more will not be made. This idea could result in deflation as opposed to inflation…
- There will only ever be twenty one million (21 000 000) Bitcoin created.
- There will only ever be eighty four million (84 000 000) Litecoin created.
- There will only ever be twenty one million (21 000 000) Namecoin created.