BitcoinFutureX

Frequently Asked Questions

1. What is Bitcoin?

Bitcoin is a decentralized digital currency that allows people to send or receive money over the internet without the need for a central authority or bank.

2. How does a crypto wallet work?

A crypto wallet stores your public and private keys, allowing you to send and receive cryptocurrencies. It does not store the actual currency but provides access to your funds on the blockchain.

3. What is the difference between a public key and a private key?

A public key is like your bank account number, which you can share with others to receive funds. A private key is like your PIN; it must be kept secret as it allows you to access and manage your funds.

4. Are crypto wallets safe?

Crypto wallets can be safe if you follow best practices, such as using hardware wallets for large amounts, enabling two-factor authentication, and keeping your private keys secure.

5. Can I lose my Bitcoin?

Yes, if you lose access to your wallet or forget your private key, you may lose access to your Bitcoin permanently. It's crucial to back up your wallet and keep your keys secure.