How do I pay with Bitcoin?
To pay in Bitcoin, you first need a Bitcoin walletPrice variation of an asset on a given period., a digital tool designed to store, send and receive Bitcoins. Once you have bitcoins in your wallet, acquired via exchanges, ATMs, or other means, you can initiate a payment. The payment recipient will provide you with a unique address in the form of a QR code or string. This address is essential for correctly directing your payment.
When executing the transaction, from your Bitcoin wallet, you will need to enter or scan the recipient’s address and enter the amount to be sent. Transaction feesFees related to operations; they sometimes are distributed to miners. are also required to process the transaction through the Bitcoin network, and must also be taken into account.
And don’t forget security, which is essential when paying with Bitcoin. It’s crucial to check the accuracy of the address and the amount before confirming, because once the transaction has been confirmed, it is irreversible and recorded in the Bitcoin blockchainA blockchain is a type of distributed ledger technology. It is a huge database formed by blocks,cryptographically linked to each other, containing information such as transactions. These blocks are addedfollowing. After sending, you will also be able to track the transaction via a Bitcoin block explorerWebsite allowing to track blockchain activity, detailed transactions, along with network metrics
such as fees for example..
Cryptocurrencies or digital currencies are terms commonly used in the crypto ecosystem. However, the terminology favored by regulators (ACPR and AMF) is crypto-assets or digital assets. This distinction arises because, although often referred to as cryptocurrencies, these assets do not qualify as currencies in the legal sense. They are virtual resources based on blockchain technology, whose value is determined solely by supply and demand.
None of the information contained in this FAQ constitutes investment advice, tax advice, legal advice, or any other type of advice, nor does it serve as an invitation to engage in any form of financial transaction.
Investing in digital assets carries risks and may not be suitable for all investors. It is the responsibility of investors to educate themselves about the risks associated with different digital assets. In particular, it is noted that digital assets can exhibit significant volatilityPrice variation of an asset on a given period., and investments in digital assets involve a risk of capital loss. Accordingly, it is important to remember that the past performance of digital assets, as might be indicated on Banque Delubac & Cie’s website or in documents provided to investors, is not indicative of future performance. Investors should familiarize themselves with the technologies underlying each digital asset and their associated risks, including vulnerabilities, defects, hacks, errors, protocol failures, or attacks on the protocol. Banque Delubac & Cie cannot be held liable for any misunderstanding of the risks associated with digital assets or for any losses investors may incur due to errors in wallet addresses attributable to the investor.
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