We now have great offers on orders over £5,000 Click here to find out more!
Use the simple form on the right to get a live quote and start the order process. All we require is your Bitcoin wallet address, order amount and email. You will then be taken to a confirmation page where you can verify your order.
Please ensure that your details are valid before continuing, including your wallet and email addresses. When you click Confirm and Pay you will be presented with a UK bank account that you are to make your payment to. We recommend that you log in to your online banking prior to clicking Confirm and Pay, as you will have 30 minutes to make the payment.
Please make an online bank transfer using the details on the right. Remember to include your reference code, this may be 'message' or similar with your bank - each is different. If you forget to enter your reference code, your order may be delayed or cancelled. Once you have made your payment, please click on confirm and your order will be processed.
Please make an online bank transfer using the details on the right. Remember to include your reference code, this may be called 'message' or similar with your bank. If you forget to enter your reference code your order may be delayed or cancelled. Once you have made your payment, please click on confirm and your order will be processed.
| Account name: | |
| Account number: | |
| Sort code: | |
| Amount: | £ |
| Reference Code: |
Your reference:
You will receive a confirmation email shortly. If your coins have not arrived within 2 hours of placing your order, please get in touch with us.
Thank you for using Cryptomate
Thank you for using Cryptomate
| Details | |
|---|---|
| Max Supply | 21,000,000 |
| Circulating Supply | 18,662,452 |
| Total Supply | 18,662,452 |
| Issue Date | 2008-11-01 |
| Cryptographic Algo | PoW |
| Consensus Protocol | SHA256 |
| GitHub | https://github.com/bitcoin/ |
| White Paper | https://bitcoin.org/bitcoin.pdf |
| Explorer | https://btc.com/ |
| Website | https://bitcoin.org/ |
Bitcoin is often described as the world's first cryptocurrency, a digital currency that is available electronically without restrictions or limitations. Bitcoins are created as a reward for a process known as mining, a proof of work prize where computing power is used to verify transactions in return for BTC. Bitcoin was theorized and created following the 2008 Financial Crisis and has grown at an amazing pace since. During the August of 2008 a new domain was registered for the first time, it was titled bitcoin.org. In November 2008 a link to paper was posted through many Cryptographic forums/mailing lists with the title Bitcoin: A Peer-to-Peer Electronic Cash System posted by an entity only known as Satoshi Nakamoto. It is not known who or what Satoshi Nakomoto is, there have been many theories regarding their identity but to this day, it is still unknown and a mystery. What Satoshi proposed was a purely peer-to-peer electronic version of money with payments sent directly for one to another without the intrusion of a financial institutions or governments. Satoshi Nakamoto implemented the bitcoin software as open source code and released it in January 2009. The Bitcoin network was created when Nakamoto mined the first block, also known as the “genesis block” in January 2009 and is rewarded 50 BTC.
Satoshi also embeds text to this genesis block which reads “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”, a clear indication as to Satoshi’s opinion on the current system. Also, to note the The Times is a UK based newspaper which has led some theorists to believe that Nakamoto may be a British National. The first user to receive Bitcoins was Hal Finney, who had created the first proof of work code in 2004. Hal Finney downloaded the bitcoin software close to its release, and on the 12th of January 2009 received a transaction of 10 BTC from Nakamoto. The reported first exchange of Bitcoin for a consumer product took place on the 22nd of May 2010. Programmer Laszlo Hanyecz, another early adopter of Bitcoin, spent 10,000 BTC (worth around $25 at the time) for two large Papa John’s pizzas. In order to immortalize this milestone many current Bitcoin adopters celebrate May 22nd as Bitcoin Pizza Day.
Bitcoin works due to the blockchain technology pioneered in the Bitcoin protocol. The blockchain is a shared public ledger where any user can see it’s balances on a blockchain explorer. All confirmed transactions are broadcast on the blockchain, this allows wallets to check their spendable balances to ensure that any new transaction can be verified. The blockchain relies upon cryptography in order to maintain its integrity.
A transaction is a transfer of coins between wallets that gets included on the blockchain. Wallets will keep a hidden piece of data called a private key, this is used to sign transactions and provide mathematical proof that this was authorized from the owner of the wallet. The private key also denies the possibility of a transaction being altered by anyone once it has been broadcast. To date Bitcoin is the most secure and decentralized cryptocurrency available and is seen as the gold standard.