Our Bitcoin Review 2023 Everything You Need to Know

Even if you’ve spent the last decade and a half living in the far-flung depths of the Amazon Rainforest, you probably at least have some idea of how to answer this question yourself, but allow us to paint a better picture. Launched in 2009 as the world’s first-ever decentralized virtual currency, meaning it isn’t backed by a centralised global bank like your traditional fiat currencies, like the pound or the US dollar.

Instead, the power behind Bitcoin, and its imitators that have since followed, is a combination of cryptography, which is software-driven, and peer-to-peer technology, which is driven by a network of individuals. This ultimately means that Bitcoin and other cryptocurrencies are backed by code rather than a physical value or the trust of a central world bank.

The Lack of a Central Bank – Good or Bad?

The result? It’s much more volatile than traditional currencies, meaning it’s susceptible to massive price hikes, but also steep, sharp drops. Is this a good or a bad thing? A little bit of both – it’s what makes Bitcoin both risky and attractive for investors.

Ultimately, that’s why this Bitcoin Review here at Zeply is on hand to help you get to grips with the digital currency, and provide you with the best service to buy, sell and store it at the end of the day.

It’s fair to assume that most of you reading this are new to Bitcoin, or have a general idea but have yet to take the investment plunge. With Zeply, you’re in good hands, as we pride ourselves on delivering a Bitcoin buying service that’s convenient, safe, and instant. However, we’ll get to how and why you should buy Bitcoin with us here at Zeply a little later on – first of all, our Bitcoin reviews are all about helping you get to grips with the count itself.

Bitcoin Review – Learning the Lingo

Key to any potential new investor, prior to actually buying and owning Bitcoin as an asset, is understanding the lingo and how it works. Particularly if you’re not technologically minded, some of the jargon on display can seem flummoxing, but we’d like to let you in on a little secret – most of its throwaway nonsense, and you don’t need to be a Silicon Valley tech-whizz millennial to understand it.

All in all, we’d say there are just three terms that you really need a basic understanding of before you take the next step and buy Bitcoin with Zeply:

• Blockchain: This is the open-sourced code that powers Bitcoin – each transaction is a block that is tied (or chained) to the cryptocurrencies code, which keeps a permanent record every time a Bitcoin transaction takes place. It’s not essential to have a complete understanding of how the process works, but it’s important to know that blockchains exist, as this is the technology behind the thousands of other cryptocurrencies around today.

• Public and Private Keys: Some of you might already be aware of these, as they are used in everyday online things, including the sending and receiving of emails. Public keys are open to anyone, however, private keys are shared only with the generator. With Bitcoin, these are used to keep transactions safe.
• Bitcoin mining: In all likelihood, you’ll never get into Bitcoin mining – and like most Bitcoin reviews, we’d strongly advise against it. It’s a complex process, however, all you need to know here is that miners essentially act as the middlemen, independently confirming your transactions and earning Bitcoin as a result.

This is perhaps the question we’re asked the most, yet it’s one that other Bitcoin reviews out there have too-often failed to answer. Ultimately, we can put your mind at ease, by telling you that buying, selling and storing your Bitcoins with us here at Zeply is as safe and secure as possible. Additionally, using Bitcoin as a means for paying for things online is actually safer and more secure than using your bank card, or even other services such as PayPal? Why? Because you can be almost completely anonymous with crypto, and your banking and personal details aren’t shared with the merchant.

What About the Coin itself?

So above in our Bitcoin review, we’ve covered the fact that it’s a safe and secure means of paying for things, but is it safe as an asset or investment in and of itself? This is where we do have to tell you to tread lightly as a new investor, as there are risks involved with buying and trading Bitcoin as an investment. We’re not saying you shouldn’t do it – just start small and build from there.

As we mentioned above in our Bitcoin reviews, Bitcoin and other cryptos aren’t backed by a central bank or tangible asset. This means that they are volatile, so the value of your investment could surge, but could also drop. Additionally, cryptocurrencies are a relatively new entity, something unlike anything the financial world has ever seen before, which makes their future somewhat uncertain. This was typified in 2017, when millions of armchair investors from across the world flocked to buy Bitcoin as the price surged upto $17,000, only for it to crash dramatically at the end of the year.

You may or may not have read other Bitcoin reviews claiming that Bitcoin is still the “best” or the “most trusted” cryptocurrency around. At the other end of the scale, you’ll find the crypto hipsters who are always trying to push people onto newer or less known coins. Not that we want to sit on the fence here at Zeply, but we do find our position somewhere in the middle of these arguments.

Does Oldest = Goldest?

Bitcoin is the oldest cryptocurrency, and as a result, it’s still the best known – and therefore a very good option for newer or first-time crypto buyers. Does this make it the “best crypto” or the “most trusted”? Not necessarily – this is a Bitcoin review first and foremost, but we can’t ignore the fact that there are over 6,000 cryptos out there in 2023. The Serbian Dinar is almost a thousand years older than the Euro – but we wouldn’t urge everyone to check their money to the banks of Belgrade as a result of that fact.

Additionally, the world of cryptocurrencies moves at an extremely fast pace, meaning it’s difficult to say if Bitcoin truly is “the best” at any given moment in time. It is, however, the best known and remains the most consistent, alongside the likes of Ethereum and Litecoin. Therefore we would always say it’s a good shout for first-time buyers with Zeply.

Should I Invest in Bitcoin?

The aim of our Bitcoin review is, first and foremost, to provide you with the need-to-know information about the world’s oldest cryptocurrency. But at the end of the day, Zeply is a safe way to buy and store Bitcoin, so this is a question we have to answer. Ultimately, we wouldn’t discourage anyone from investing in Bitcoin, however, we would urge you to take precautions and ensure your risks are calculated.

For starters, as most Bitcoin reviews note when answering how to make money with Bitcoin, don’t invest your life savings – start off with a little bit and see how you get on. It’s also vital to do your research beforehand – which we see you’ve already started doing with the fact that you’re here. Fortunately, Zeply has a whole host of learning tools and features to assist you every step of the way when it comes to the buying and selling of Bitcoin. From learning beforehand to instil buyer confidence, to assisting with your first purchase of the digital asset, and, then, when the time to sell Bitcoin comes – we’ve got everything covered for you.

Our Bitcoin Review – How to Buy

If you’re now confident that Bitcoin could just be the right investment for you, the next step is to go ahead and learn how to buy cryptocurrency and store it with Zeply for the first time. As we already mentioned in our Bitcoin reviews, the process couldn’t be more straightforward, and our ultimate aim is to make it as fast, convenient and safe for you as possible. Below we’ve provided you with a step by step guide to buying, selling and storing Bitcoin with Zeply.

On the other hand, if you are asking yourself, “is Bitcoin safe” or “is Bitcoin legal,” don’t go with just any platform and, instead, sign us with us. At Zeply, we make great efforts to offer a safe experience for our community and comply with the current regulation.

All good things come to an end, and so the time has come for us to summarise what we’ve taught you here today. However, your Bitcoin journey with Zeply is only just beginning, and we look forward to a long and fruitful partnership together. Just remember that while Bitcoin offers you an exciting and modern investment opportunity, it’s not without its risks. When it comes to using Bitcoin as a payment method, it actually offers you a more secure alternative to traditional card payments in your local currency.

At the end of the day, everything has its good and bad points – and we’re just happy that the pros outweigh the cons with Bitcoin – especially when using Zeply!