Crypto Basics

Essential information for cryptocurrency beginners.

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
What is a digital or crypto Wallet?
A cryptocurrency wallet stores the public and private "keys" or "addresses" which can be used to receive or spend the cryptocurrency. Wi...
Mon, 10 Jun, 2019 at 9:06 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
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?
Warning: Remember that once completed there is no option to undo or reverse the transaction.  You can send cryptocurrency to other CoinZoom customers for f...
Mon, 15 May, 2023 at 3:19 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