Learn and Understand Bitcoin and Cryptocurrencies

In-depth resources for understanding Bitcoin and cryptocurrency

We've put together a collection of great articles to help explain Bitcoin and other cryptocurrencies in a way that anyone can understand. Whether you're looking to learn about cryptocurrency before deciding which one to invest in, or you just want to brush up on your crypto slang, diving into the resources below will put you on the path to a better understanding of crypto so you can take the reigns on your financial future.

Cryptocurrencies available with ALT 5 Pro

Bitcoin is an invention that, for the first time in history, enabled a group of software users to create and manage a digital money supply outside the control of any government or bank.

A revolutionary idea when introduced in 2009, Bitcoin continues to have implications that are just beginning to be understood and explored by technologists and economists today.

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Bitcoin 101

Bitcoin is an invention that, for the first time in history, enabled a group of software users to create and manage a digital money supply outside the control of any government or bank. Read more here about Bitcoin.

blockchain is a decentralized, distributed, and oftentimes public, digital ledger consisting of records called blocks that is used to record transactions across many computers so that any involved block cannot be altered retroactively, without the alteration of all subsequent blocks.

Bitcoin is a cryptocurrency, while blockchain is a distributed database. Bitcoin is powered by blockchain technology, but blockchain has found many uses beyond Bitcoin. Bitcoin promotes anonymity, while blockchain is about transparency.

A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast to the network and usually begin to be confirmed within 10-20 minutes, through a process called mining.

Bitcoin mining is the process of making computer hardware do mathematical calculations for the Bitcoin network to confirm transactions and increase security. As a reward for their services, Bitcoin miners can collect transaction fees for the transactions they confirm, along with newly created bitcoins. Mining is a specialized and competitive market where the rewards are divided up according to how much calculation is done. Not all Bitcoin users do Bitcoin mining, and it is not an easy way to make money.

We make buying bitcoin safe and easy. Just follow these simple steps to get started:

  1. Sign up for an ALT 5 Pro account
    Provide an email address, choose a username, and pick a strong, secure password.
  2. Verify your account
    Once you have verified your account, you can buy BTC with other cryptocurrencies. All you need to do is provide your name, date of birth, country and phone number. If you’d like to use fiat currencies, like USD or EUR, you’ll need to provide additional support documents verifying your identity.
  3. Deposit fiat or cryptocurrency
    To deposit crypto, just create a deposit address and send the funds to this address. Funding your account with fiat currencies for trading can be done in a number of ways, including SWIFT, SEPA and domestic wire transfers. The option you select will be based on your location and preference.
  4. Start buying bitcoin!
    Once your fiat or cryptocurrency hits your account, you’re ready to start buying bitcoin.

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ALT 5 Sigma covers fintech, blockchain, Bitcoin and cryptocurrencies bringing you the latest news and analysis on the future of money.