Questions tagged [bitcoin]

Nicola Sun Jun 02 2024 | 7 answers 1536

I'm just curious, can I withdraw cash from a Bitcoin ATM? I've heard a lot about these machines but I'm not quite sure how they work. Do I need to have Bitcoin in my wallet to use it? Or can I just insert cash and get Bitcoin in return? Also, are there any fees involved in the process? And what about the security aspect? Is it safe to use a Bitcoin ATM? I'd really appreciate it if you could clarify these points for me.

BlockchainVisionary Sun Jun 02 2024 | 5 answers 887

Could you please clarify for me if it's possible to securely store Bitcoin in a Phantom wallet? I've heard Phantom is primarily used for other cryptocurrencies, so I'm a bit unsure about its compatibility with Bitcoin. Also, would there be any special steps or considerations I should take into account when doing so? Is there a limit to the amount of Bitcoin I can store in Phantom, or are there any known security risks associated with using this wallet for Bitcoin storage? Thank you for your assistance in clarifying this matter for me.

IncheonBeautyBloom Sun Jun 02 2024 | 5 answers 1276

Could you please clarify for me if Bitcoin truly offers 100% anonymity? I've heard conflicting opinions on this matter, and I'm curious to know the truth behind it. Does the use of Bitcoin really allow users to conduct transactions without revealing their identities? Or are there still ways for third parties to trace and identify the individuals involved? I'm interested in understanding the level of privacy Bitcoin actually provides and any potential limitations to its anonymity. Thank you for your assistance in clarifying this matter.

Maria Fri May 31 2024 | 5 answers 1120

Could you please elaborate on the difference between an Ethereum wallet and a Bitcoin wallet? Are they interchangeable, or do they serve distinct purposes in the realm of cryptocurrencies? Also, would it be possible to store both Ethereum and Bitcoin in the same wallet, or are they typically segregated? Additionally, what are the key features and functionalities that distinguish an Ethereum wallet from a Bitcoin wallet? Thank you for your clarification on this matter.

Riccardo Wed May 29 2024 | 5 answers 673

Could you please clarify for me? Is it possible to utilize the Ethereum Name Service, or ENS, in relation to Bitcoin transactions? I've heard about the convenience of using ENS for Ethereum-based cryptocurrencies, but I'm wondering if this functionality extends to Bitcoin as well. Given that Bitcoin operates on a different blockchain, I'm curious if there's a way to integrate ENS's naming system with Bitcoin addresses in any meaningful way. Could you elaborate on this, and possibly provide any examples or use cases if applicable? Thank you for your time and expertise in this matter.