Bitcoin FAQ

Everything you need to know to understand how Bitcoin and crypto-assets work.

What is Bitcoin?
Since its creation in 2009, Bitcoin has been the frontrunner of digital currencies. Bitcoin is the first currency to be completely controlled by the consensus of all member of its online community – breaking the normal scheme of central banks.
Is Bitcoin safe?
Bitcoin is only as secure in the wallet in which it’s stored. Purecoin keeps your assets protected in multi-signature wallets and values your security above all else.
Is Bitcoin legal?
Yes, Bitcoin is legal in most jurisdictions around the world. A small number of nation states, such as Ecuador, do have laws against it.
How does Bitcoin work?
Bitcoin allows people to send and receive money across the internet via Bitcoin wallets. Using Blockchain technology, an unending log of every transaction is constantly kept with every transaction from every wallet.
Can I receive Bitcoin from a friend?
Yes! A verified Purecoin account comes with a unique wallet address for receiving money from third parties.
Can I send Bitcoin to a friend?
Absolutely. You can send Bitcoin from your Purecoin wallet to other BTC addresses provided by your friends or businesses.
How do I buy Bitcoin?
After adding euros to your Purecoin account you can start buying Bitcoin with only €10. Just click buy, confirm the purchase, and congrats!
How can I pay for Bitcoin?
You can deposit euros to Purecoin with a quick SEPA bank transfer or with debit card deposits.
Do I have to buy an entire Bitcoin?
No. You can purchase a fraction of a Bitcoin for only €10 or more! The market changes affect the price exactly the same.
How do I use my Bitcoin wallet?
A Bitcoin wallet is simply a method of storage for your coins. You can use the wallet to send and receive payments in Bitcoin securely.
Will I lose access to my Bitcoin if my smartphone is stolen?
Your investment is secure in your Purecoin account. If you lose your phone you can download the Purecoin app on another device and have access to your account. No one can access your Bitcoin via a stolen phone. Purecoin app requires password or fingerprint to log in. In addition, we ask your confirmation for a Bitcoin withdrawal by email.
Is investing in Bitcoin a good idea?
Bitcoin works similarly to other financial assets and is subject to speculation and volatile rise and falls in the marketplace – be careful when deciding to enter.
How can you earn with Bitcoin?
Bitcoin purchased at a lower price and sold at a higher prices is marked as a profit. It’s not a guarantee that the market will rise from your purchase price.
What happens if the price drops?
The price of Bitcoin can be influenced by real-world events – a price crash will cause a loss in money if invested.
What is the best time to buy Bitcoin?
The price of Bitcoin is not determinable and information regarding the surging or deflation of Bitcoin should almost certainly be ignored.
What does it cost to buy Bitcoin?
The price you see is the price you get! Purecoin offers commission-free purchases and sales of all crypto-assets through our service.

Purecoin for everyone

Business

Z

Opening of IBAN accounts in a EU bank

Z

Multi-language user support

Z

KYC/AML procedure

Z

API of an exchange service

Z

WhiteLabel

Z

Digital and traditional acquiring

Individuals

Z

Digital and traditional currencies management

Z

Opening of euro and british pounds accounts just in minutes

Z

P2P lending

Z

Prepaid bank cards

Z

Multilanguage user support

Z

Fast and convenient KYC/AML procedure

Z

Mobile phone top up

© 2021 by Purecoin OÜ. All rights reserved.

Purecoin OÜ is incorporated in Tallinn, Estonia (company number 14929082) with its registered office at Harju maakond, Tallinn, Kesklinna linnaosa, Roseni tn 13, 10111.
This website is owned and maintained by Purecoin OÜ.