Our Bitcoin Review 2023 Everything You Need to Know
Here at Zeply, we provide you with the most simple and secure way to store your Bitcoin funds, therefore it’s only right that we take the time out to tell you everything you need to know about the world’s oldest crypto coin.
In our Bitcoin reviews, we’ll give you a short history lesson, but ultimately the aim is to tell you why it’s still among the best and most trusted digital coins today. Additionally, we’ll also explain more about how and why you should purchase and store your Bitcoin with us here at Zeply.
What is Bitcoin?
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.
How Does Bitcoin Work?
Once again, unlike gold or global currencies, there is no physical version of Bitcoin that you can have and hold in your hand. Instead, it’s a digital file that you have to store on your laptop, tablet or external hard drive. It’s not as simple and straightforward as downloading a jpeg image or similar files, you need a wallet with which you can store your Bitcoins, like a digital version of the wallet in your pocket right now – and that’s where Zeply comes in handy!
Bitcoin Reviews - A Brief History
- 2009 – Bitcoin is created by Satoshi Nakamoto
- 2013 – Bitcoin starts being used more commonly and the price starts rising
- 2017 – The price of Bitcoin starts skyrocketing, attracting new investors before ultimately crashing
- 2020 – Bitcoins value soars passed its record value of $20,000
- 2023 – Zeply allows you to to buy, sell and store Bitcoin with ease
New To Bitcoin - Here’s What You Need to Know
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.
Is Bitcoin Safe?
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.
What Do the Expert Bitcoin Reviews Say?
Overall, it’s getting more and more positive, as big-name backers such as Elon Musk and Tesla have helped the coin’s value to surge in 2023. Some of the more traditional Wall Street style traders are a bit more apprehensive, and it’s fair to say Bitcoin continues to divide opinion.
What it has done is opened up exciting new avenues to everyday traders from the comfort of their homes – and services like Zeply only serve to make your Bitcoin trading experience easier and safer than ever. How do we do that? We’ll explain later on in this Bitcoin review.
Bitcoin Review vs Other Cryptos
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.
A Step by Step Guide to Buying and Storing Bitcoin with Zeply
Click on the “Sign Up” button at the top of your mobile screen or in the top right-hand corner of your desktop screen. From there on in, the process is quick and easy – you can have a fully verified Zeply account in under five minutes!
Also, remember that while other platforms may allow you to buy Bitcoin without ID, our verification process ensures that our community is safe place to trade the cryptocurrency.
And Boom – you’re already at the stage where you can buy your first Bitcoins! No more guessing on how to get Bitcoins.You can buy Bitcoins instantly with Zeply in Euros using your bank card – and to make matters better, there are no fees involved whatsoever!
Exchange, Store and More…
Once your Bitcoin has been bought, you can simply store it if you like – but Zeply offers you so much more possibilities than that! With our 24/7 support network, you can send, receive and exchange Bitcoins as well. Don’t forget to make use of our features and learning tools to help further your Bitcoin experience overall.
And, if you live in the UK, we have you covered. We invite you to read our guides on how to buy cryptocurrency UK and how to buy Bitcoin UK. After that, you will want to know the best way to sell Bitcoin UK.
Concluding Our Bitcoin Review
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!
Bitcoin Review FAQ
Like almost every investment that you can make in 2023 Bitcoin, and other cryptocurrencies, have both their good and bad points. Overall, we would say that the pros outweigh the cons, however, we should warn you that there are some risks involved. You can find out more, and if Bitcoin investment really is the thing for you, by consulting our Bitcoin investment guide here at Zeply.
Bitcoin is the oldest cryptocurrency in the world, having first appeared on the scene back in 2009, today it is still the best-known coin as well. But does this mean it’s 100% legit and safe? Despite its reputation, you’re right to have your concerns, especially given that Bitcoin isn’t backed by a global bank. However, at Zeply, we aim to put your mind at ease with our Bitcoin trading guide for beginners here.
First and foremost, the best and easiest way to cash out a Bitcoin is to buy and store it right here at Zeply.com. By following the link, you can find an easy to follow and complete step by step guide to cashing out your Bitcoin balance with Zeply. Taking the plunge and buying Bitcoin can seem scary – but it doesn’t have to be!