Crypto Basics

Essential information for cryptocurrency beginners.

Send Cryptocurrency to a 3rd Party Hardware Wallet
You can send any cryptocurrency to other wallets as long as you have a valid wallet address or QR code associated with that wallet. Click here for detailed...
Wed, 24 Aug, 2022 at 6:17 PM
What is the bitcoin blockchain?
The blockchain is a distributed, public ledger that contains the history of every bitcoin transaction.  Anyone can download a copy of the blockchain, and it...
Wed, 12 Jun, 2019 at 11:09 AM
How are fees applied when I buy or sell digital currency?
Please note that below gives examples and the current fee rates are here; Buying Digital Currency Fees are added to the amount entered to arrive at the...
Thu, 14 May, 2020 at 12:40 PM
Cancelling a purchase
Note: All confirmed buys and sells on CoinZoom are final. Before any order is processed, you will always receive a "Confirmation" prompt to ma...
Mon, 20 Apr, 2020 at 12:44 PM
How do I send crypto currency to another wallet?
Remember that once completed there is no option to undo or reverse the transaction.  Web Click the "Portfolio" tab Choose "Send" ...
Fri, 1 Jul, 2022 at 12:02 PM
What is Bitcoin, the technology?
Bitcoin was originally released in 2009 by Satoshi Nakamoto as a piece of software and a paper describing how it works. Because Bitcoin is fundamentally sof...
Tue, 14 May, 2019 at 3:22 PM
What is Bitcoin, the currency?
One can use bitcoins to purchase goods on the internet and in stores. The following are some unique properties of Bitcoin:  Bitcoin is global: Bitcoins ca...
Wed, 12 Jun, 2019 at 11:07 AM
What is a block?
A block refers to a set of bitcoin transactions from a certain time period. Blocks are “stacked” on top of each other in such a way that one block depends o...
Wed, 12 Jun, 2019 at 11:18 AM
Why do digital currencies change value? Why is the price volatile?
Digital currency value can be volatile when compared to more established currencies and commodities. This can be attributed to its relatively small market s...
Wed, 15 May, 2019 at 2:33 PM
What is a cryptocurrency?
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transact...
Fri, 7 Jun, 2019 at 3:01 PM