What can you do with Bitcoin?

Learn more about Bitcoin

1. How does Bitcoin work?

   Unlike traditional currencies, Bitcoin is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Bitcoin. This decentralization means the holders and users of Bitcoin can help to maintain the network.

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2. Where can I buy Bitcoin?

   Most find that the easiest and most secure way to purchase Bitcoin is through a reliable cryptocurrency platform like Kraken. While Bitcoin can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Bitcoin.

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3. How much does 1 Bitcoin cost?

   At the current market rate, it costs $163,027.00 to purchase one BTC. Kraken makes it easy to buy & sell Bitcoin with confidence.

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4. Can I buy $100 worth of Bitcoin?

   Yes, Kraken offers a secure and easy to buy $100 worth of Bitcoin. At its current price, $100 equals 0.0006 BTC.

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5. Is it safe to buy Bitcoin?

   Kraken employs advanced security measures, including encryption and account protection, to ensure your Bitcoin purchase is secure. However, while Kraken provides a secure platform, market volatility can still affect your Bitcoin investment. You should do your own research on Bitcoin price before buying.

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6. Is Bitcoin available to buy and sell in my country?
   

   
   To find out if Kraken offers Bitcoin in your region, please check our Support article to see what cryptoassets are available in your country.
   

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7. Is Bitcoin a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Bitcoin may be a worthwhile purchase.

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8. Can I purchase Bitcoin using my local currency?
   

   Kraken supports six different government-issued fiat currencies including:
   

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. How much is Bitcoin transaction fee?

   Kraken offers competitive fees for Bitcoin transactions, which are influenced by the trading amount and payment type. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Bitcoin I can buy?

    
    You can buy as little as $10 worth of Bitcoin on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Bitcoin regularly.
    

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11. How to buy Bitcoin with PayPal?

    To buy Bitcoin with PayPal on Kraken, deposit funds by selecting "Deposit" on your account homepage. Choose an asset like Bitcoin, select PayPal as the method and connect your PayPal account if needed. Enter the deposit amount, confirm, and once funds are added, use them to purchase Bitcoin.

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12. How to buy Bitcoin with a debit card?

    You can buy Bitcoin using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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13. How to buy Bitcoin with a credit card?

    To buy Bitcoin using a credit card, navigate to the "Buy Crypto" section, add your card details and follow the steps to finalize the transaction. Debit & credit card purchases are available to Kraken users with Intermediate or Pro level verified accounts and residence in a supported country. Kraken accepts Visa or Mastercard that support 3D Secure (3DS) which is in the same legal name as your Kraken account.

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14. How to buy Bitcoin with other cryptocurrencies?

    Kraken makes it easy to buy Bitcoin using other cryptocurrencies. If the direct trading pair is not available, you can use Kraken's Convert feature to seamlessly swap any listed crypto for Bitcoin. Browse the Bitcoin markets available on Kraken or use the Convert tool to trade between hundreds of cryptocurrencies quickly and easily. For a complete list of trading pairs, visit the Kraken support center.

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15. Can I transfer Bitcoin from Kraken to my crypto wallet?

    Yes, the Bitcoin you buy on Kraken is yours. Kraken makes it easy to withdraw your Bitcoin to any hot wallet or cold wallet that supports Bitcoin. Simply enter the external wallet address and your Bitcoin will be in your wallet a few moments later.

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16. Is it safe to keep Bitcoin on Kraken?

    We take every measure possible to keep the Bitcoin you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Bitcoin. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Bitcoin?

    The current circulating supply of Bitcoin is 19,875,162 BTC.

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