Is bitcoin a company?

Bitcoin is not a company, just like how the internet is not a company. By clicking I accept below, you understand that Bitcoin.com can only help you with issues related to the Bitcoin.com website and not any issues related to the Bitcoin network.

Is bitcoin a scam?

Each bitcoin transaction is documented on a digital ledger called the blockchain, where a user’s cryptocurrency “wallet” is represented as a unique series of random numbers and letters. Through this, a scammer could potentially be traced after the fact.

Is bitcoin anonymous?

While bitcoin allows for users to transact without revealing personal information or identity (potentially making fraud easier), it’s not totally anonymous. Each bitcoin transaction is documented on a digital ledger called the blockchain, where a user’s cryptocurrency “wallet” is represented as a unique series of random numbers and letters.

Is bitcoin used for 'illicit finance'?

Janet L. Yellen, the U.S. treasury secretary, said in an interview with CNBC in February that she feared Bitcoin was often used for “illicit finance.” The technology has become a concern for state and federal regulators, given how quickly it has developed and how poorly it is understood.