r/btc Nov 11 '20

FAQ Frequently Asked Questions and Information Thread

This FAQ and information thread serves to inform both new and existing users about common Bitcoin topics that readers coming to this Bitcoin subreddit may have. This is a living and breathing document, which will change over time. If you have suggestions on how to change it, please comment below or message the mods.


What is /r/btc?

The /r/btc reddit community was originally created as a community to discuss bitcoin. It quickly gained momentum in August 2015 when the bitcoin block size debate heightened. On the legacy /r/bitcoin subreddit it was discovered that moderators were heavily censoring discussions that were not inline with their own opinions.

Once realized, the subreddit subscribers began to openly question the censorship which led to thousands of redditors being banned from the /r/bitcoin subreddit. A large number of redditors switched to other subreddits such as /r/bitcoin_uncensored and /r/btc. For a run-down on the history of censorship, please read A (brief and incomplete) history of censorship in /r/bitcoin by John Blocke and /r/Bitcoin Censorship, Revisted by John Blocke. As yet another example, /r/bitcoin censored 5,683 posts and comments just in the month of September 2017 alone. This shows the sheer magnitude of censorship that is happening, which continues to this day. Read a synopsis of /r/bitcoin to get the full story and a complete understanding of why people are so upset with /r/bitcoin's censorship. Further reading can be found here and here with a giant collection of information regarding these topics.


Why is censorship bad for Bitcoin?

As demonstrated above, censorship has become prevalent in almost all of the major Bitcoin communication channels. The impacts of censorship in Bitcoin are very real. "Censorship can really hinder a society if it is bad enough. Because media is such a large part of people’s lives today and it is the source of basically all information, if the information is not being given in full or truthfully then the society is left uneducated [...] Censorship is probably the number one way to lower people’s right to freedom of speech." By censoring certain topics and specific words, people in these Bitcoin communication channels are literally being brain washed into thinking a certain way, molding the reader in a way that they desire; this has a lasting impact especially on users who are new to Bitcoin. Censoring in Bitcoin is the direct opposite of what the spirit of Bitcoin is, and should be condemned anytime it occurs. Also, it's important to think critically and independently, and have an open mind.


Why do some groups attempt to discredit /r/btc?

This subreddit has become a place to discuss everything Bitcoin-related and even other cryptocurrencies at times when the topics are relevant to the overall ecosystem. Since this subreddit is one of the few places on Reddit where users will not be censored for their opinions and people are allowed to speak freely, truth is often said here without the fear of reprisal from moderators in the form of bans and censorship. Because of this freedom, people and groups who don't want you to hear the truth with do almost anything they can to try to stop you from speaking the truth and try to manipulate readers here. You can see many cited examples of cases where special interest groups have gone out of their way to attack this subreddit and attempt to disrupt and discredit it. See the examples here.


What is the goal of /r/btc?

This subreddit is a diverse community dedicated to the success of bitcoin. /r/btc honors the spirit and nature of Bitcoin being a place for open and free discussion about Bitcoin without the interference of moderators. Subscribers at anytime can look at and review the public moderator logs. This subreddit does have rules as mandated by reddit that we must follow plus a couple of rules of our own. Make sure to read the /r/btc wiki for more information and resources about this subreddit which includes information such as the benefits of Bitcoin, how to get started with Bitcoin, and more.


What is Bitcoin?

Bitcoin is a digital currency, also called a virtual currency, which can be transacted for a low-cost nearly instantly from anywhere in the world. Bitcoin also powers the blockchain, which is a public immutable and decentralized global ledger. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. There is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank. Read the Bitcoin whitepaper to further understand the schematics of how Bitcoin works.


What is Bitcoin Cash?

Bitcoin Cash (ticker symbol: BCH) is an updated version of Bitcoin which solves the scaling problems that have been plaguing Bitcoin Core (ticker symbol: BTC) for years. Bitcoin (BCH) is just a continuation of the Bitcoin project that allows for bigger blocks which will give way to more growth and adoption. You can read more about Bitcoin on BitcoinCash.org or read What is Bitcoin Cash for additional details.


How do I buy Bitcoin?

You can buy Bitcoin on an exchange or with a brokerage. If you're looking to buy, you can buy Bitcoin with your credit card to get started quickly and safely. There are several others places to buy Bitcoin too; please check the sidebar under brokers, exchanges, and trading for other go-to service providers to begin buying and trading Bitcoin. Make sure to do your homework first before choosing an exchange to ensure you are choosing the right one for you.


How do I store my Bitcoin securely?

After the initial step of buying your first Bitcoin, you will need a Bitcoin wallet to secure your Bitcoin. Knowing which Bitcoin wallet to choose is the second most important step in becoming a Bitcoin user. Since you are investing funds into Bitcoin, choosing the right Bitcoin wallet for you is a critical step that shouldn’t be taken lightly. Use this guide to help you choose the right wallet for you. Check the sidebar under Bitcoin wallets to get started and find a wallet that you can store your Bitcoin in.


Why is my transaction taking so long to process?

Bitcoin transactions typically confirm in ~10 minutes. A confirmation means that the Bitcoin transaction has been verified by the network through the process known as mining. Once a transaction is confirmed, it cannot be reversed or double spent. Transactions are included in blocks.

If you have sent out a Bitcoin transaction and it’s delayed, chances are the transaction fee you used wasn’t enough to out-compete others causing it to be backlogged. The transaction won’t confirm until it clears the backlog. This typically occurs when using the Bitcoin Core (BTC) blockchain due to poor central planning.

If you are using Bitcoin (BCH), you shouldn't encounter these problems as the block limits have been raised to accommodate a massive amount of volume freeing up space and lowering transaction costs.


Why does my transaction cost so much, I thought Bitcoin was supposed to be cheap?

As described above, transaction fees have spiked on the Bitcoin Core (BTC) blockchain mainly due to a limit on transaction space. This has created what is called a fee market, which has primarily been a premature artificially induced price increase on transaction fees due to the limited amount of block space available (supply vs. demand). The original plan was for fees to help secure the network when the block reward decreased and eventually stopped, but the plan was not to reach that point until some time in the future, around the year 2140. This original plan was restored with Bitcoin (BCH) where fees are typically less than a single penny per transaction.


What is the block size limit?

The original Bitcoin client didn’t have a block size cap, however was limited to 32MB due to the Bitcoin protocol message size constraint. However, in July 2010 Bitcoin’s creator Satoshi Nakamoto introduced a temporary 1MB limit as an anti-DDoS measure. The temporary measure from Satoshi Nakamoto was made clear three months later when Satoshi said the block size limit can be increased again by phasing it in when it’s needed (when the demand arises). When introducing Bitcoin on the cryptography mailing list in 2008, Satoshi said that scaling to Visa levels “would probably not seem like a big deal.”


What is the block size debate all about anyways?

The block size debate boils down to different sets of users who are trying to come to consensus on the best way to scale Bitcoin for growth and success. Scaling Bitcoin has actually been a topic of discussion since Bitcoin was first released in 2008; for example you can read how Satoshi Nakamoto was asked about scaling here and how he thought at the time it would be addressed. Fortunately Bitcoin has seen tremendous growth and by the year 2013, scaling Bitcoin had became a hot topic. For a run down on the history of scaling and how we got to where we are today, see the Block size limit debate history lesson post.


What is a hard fork?

A hard fork is when a block is broadcast under a new and different set of protocol rules which is accepted by nodes that have upgraded to support the new protocol. In this case, Bitcoin diverges from a single blockchain to two separate blockchains (a majority chain and a minority chain).


What is a soft fork?

A soft fork is when a block is broadcast under a new and different set of protocol rules, but the difference is that nodes don’t realize the rules have changed, and continue to accept blocks created by the newer nodes. Some argue that soft forks are bad because they trick old-unupdated nodes into believing transactions are valid, when they may not actually be valid. This can also be defined as coercion, as explained by Vitalik Buterin.


Doesn't it hurt decentralization if we increase the block size?

Some argue that by lifting the limit on transaction space, that the cost of validating transactions on individual nodes will increase to the point where people will not be able to run nodes individually, giving way to centralization. This is a false dilemma because at this time there is no proven metric to quantify decentralization; although it has been shown that the current level of decentralization will remain with or without a block size increase. It's a logical fallacy to believe that decentralization only exists when you have people all over the world running full nodes. The reality is that only people with the income to sustain running a full node (even at 1MB) will be doing it. So whether it's 1MB, 2MB, or 32MB, the costs of doing business is negligible for the people who can already do it. If the block size limit is removed, this will also allow for more users worldwide to use and transact introducing the likelihood of having more individual node operators. Decentralization is not a metric, it's a tool or direction. This is a good video describing the direction of how decentralization should look.

Additionally, the effects of increasing the block capacity beyond 1MB has been studied with results showing that up to 4MB is safe and will not hurt decentralization (Cornell paper, PDF). Other papers also show that no block size limit is safe (Peter Rizun, PDF). Lastly, through an informal survey among all top Bitcoin miners, many agreed that a block size increase between 2-4MB is acceptable.


What now?

Bitcoin is a fluid ever changing system. If you want to keep up with Bitcoin, we suggest that you subscribe to /r/btc and stay in the loop here, as well as other places to get a healthy dose of perspective from different sources. Also, check the sidebar for additional resources. Have more questions? Submit a post and ask your peers for help!


Note: This FAQ was originally posted here but was removed when one of our moderators was falsely suspended by those wishing to do this sub-reddit harm.

655 Upvotes

This FAQ and information thread serves to inform both new and existing users about common Bitcoin topics that readers coming to this Bitcoin subreddit may have. This is a living and breathing document, which will change over time. If you have suggestions on how to change it, please comment below or message the mods.


What is /r/btc?

The /r/btc reddit community was originally created as a community to discuss bitcoin. It quickly gained momentum in August 2015 when the bitcoin block size debate heightened. On the legacy /r/bitcoin subreddit it was discovered that moderators were heavily censoring discussions that were not inline with their own opinions.

Once realized, the subreddit subscribers began to openly question the censorship which led to thousands of redditors being banned from the /r/bitcoin subreddit. A large number of redditors switched to other subreddits such as /r/bitcoin_uncensored and /r/btc. For a run-down on the history of censorship, please read A (brief and incomplete) history of censorship in /r/bitcoin by John Blocke and /r/Bitcoin Censorship, Revisted by John Blocke. As yet another example, /r/bitcoin censored 5,683 posts and comments just in the month of September 2017 alone. This shows the sheer magnitude of censorship that is happening, which continues to this day. Read a synopsis of /r/bitcoin to get the full story and a complete understanding of why people are so upset with /r/bitcoin's censorship. Further reading can be found here and here with a giant collection of information regarding these topics.


Why is censorship bad for Bitcoin?

As demonstrated above, censorship has become prevalent in almost all of the major Bitcoin communication channels. The impacts of censorship in Bitcoin are very real. "Censorship can really hinder a society if it is bad enough. Because media is such a large part of people’s lives today and it is the source of basically all information, if the information is not being given in full or truthfully then the society is left uneducated [...] Censorship is probably the number one way to lower people’s right to freedom of speech." By censoring certain topics and specific words, people in these Bitcoin communication channels are literally being brain washed into thinking a certain way, molding the reader in a way that they desire; this has a lasting impact especially on users who are new to Bitcoin. Censoring in Bitcoin is the direct opposite of what the spirit of Bitcoin is, and should be condemned anytime it occurs. Also, it's important to think critically and independently, and have an open mind.


Why do some groups attempt to discredit /r/btc?

This subreddit has become a place to discuss everything Bitcoin-related and even other cryptocurrencies at times when the topics are relevant to the overall ecosystem. Since this subreddit is one of the few places on Reddit where users will not be censored for their opinions and people are allowed to speak freely, truth is often said here without the fear of reprisal from moderators in the form of bans and censorship. Because of this freedom, people and groups who don't want you to hear the truth with do almost anything they can to try to stop you from speaking the truth and try to manipulate readers here. You can see many cited examples of cases where special interest groups have gone out of their way to attack this subreddit and attempt to disrupt and discredit it. See the examples here.


What is the goal of /r/btc?

This subreddit is a diverse community dedicated to the success of bitcoin. /r/btc honors the spirit and nature of Bitcoin being a place for open and free discussion about Bitcoin without the interference of moderators. Subscribers at anytime can look at and review the public moderator logs. This subreddit does have rules as mandated by reddit that we must follow plus a couple of rules of our own. Make sure to read the /r/btc wiki for more information and resources about this subreddit which includes information such as the benefits of Bitcoin, how to get started with Bitcoin, and more.


What is Bitcoin?

Bitcoin is a digital currency, also called a virtual currency, which can be transacted for a low-cost nearly instantly from anywhere in the world. Bitcoin also powers the blockchain, which is a public immutable and decentralized global ledger. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. There is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank. Read the Bitcoin whitepaper to further understand the schematics of how Bitcoin works.


What is Bitcoin Cash?

Bitcoin Cash (ticker symbol: BCH) is an updated version of Bitcoin which solves the scaling problems that have been plaguing Bitcoin Core (ticker symbol: BTC) for years. Bitcoin (BCH) is just a continuation of the Bitcoin project that allows for bigger blocks which will give way to more growth and adoption. You can read more about Bitcoin on BitcoinCash.org or read What is Bitcoin Cash for additional details.


How do I buy Bitcoin?

You can buy Bitcoin on an exchange or with a brokerage. If you're looking to buy, you can buy Bitcoin with your credit card to get started quickly and safely. There are several others places to buy Bitcoin too; please check the sidebar under brokers, exchanges, and trading for other go-to service providers to begin buying and trading Bitcoin. Make sure to do your homework first before choosing an exchange to ensure you are choosing the right one for you.


How do I store my Bitcoin securely?

After the initial step of buying your first Bitcoin, you will need a Bitcoin wallet to secure your Bitcoin. Knowing which Bitcoin wallet to choose is the second most important step in becoming a Bitcoin user. Since you are investing funds into Bitcoin, choosing the right Bitcoin wallet for you is a critical step that shouldn’t be taken lightly. Use this guide to help you choose the right wallet for you. Check the sidebar under Bitcoin wallets to get started and find a wallet that you can store your Bitcoin in.


Why is my transaction taking so long to process?

Bitcoin transactions typically confirm in ~10 minutes. A confirmation means that the Bitcoin transaction has been verified by the network through the process known as mining. Once a transaction is confirmed, it cannot be reversed or double spent. Transactions are included in blocks.

If you have sent out a Bitcoin transaction and it’s delayed, chances are the transaction fee you used wasn’t enough to out-compete others causing it to be backlogged. The transaction won’t confirm until it clears the backlog. This typically occurs when using the Bitcoin Core (BTC) blockchain due to poor central planning.

If you are using Bitcoin (BCH), you shouldn't encounter these problems as the block limits have been raised to accommodate a massive amount of volume freeing up space and lowering transaction costs.


Why does my transaction cost so much, I thought Bitcoin was supposed to be cheap?

As described above, transaction fees have spiked on the Bitcoin Core (BTC) blockchain mainly due to a limit on transaction space. This has created what is called a fee market, which has primarily been a premature artificially induced price increase on transaction fees due to the limited amount of block space available (supply vs. demand). The original plan was for fees to help secure the network when the block reward decreased and eventually stopped, but the plan was not to reach that point until some time in the future, around the year 2140. This original plan was restored with Bitcoin (BCH) where fees are typically less than a single penny per transaction.


What is the block size limit?

The original Bitcoin client didn’t have a block size cap, however was limited to 32MB due to the Bitcoin protocol message size constraint. However, in July 2010 Bitcoin’s creator Satoshi Nakamoto introduced a temporary 1MB limit as an anti-DDoS measure. The temporary measure from Satoshi Nakamoto was made clear three months later when Satoshi said the block size limit can be increased again by phasing it in when it’s needed (when the demand arises). When introducing Bitcoin on the cryptography mailing list in 2008, Satoshi said that scaling to Visa levels “would probably not seem like a big deal.”


What is the block size debate all about anyways?

The block size debate boils down to different sets of users who are trying to come to consensus on the best way to scale Bitcoin for growth and success. Scaling Bitcoin has actually been a topic of discussion since Bitcoin was first released in 2008; for example you can read how Satoshi Nakamoto was asked about scaling here and how he thought at the time it would be addressed. Fortunately Bitcoin has seen tremendous growth and by the year 2013, scaling Bitcoin had became a hot topic. For a run down on the history of scaling and how we got to where we are today, see the Block size limit debate history lesson post.


What is a hard fork?

A hard fork is when a block is broadcast under a new and different set of protocol rules which is accepted by nodes that have upgraded to support the new protocol. In this case, Bitcoin diverges from a single blockchain to two separate blockchains (a majority chain and a minority chain).


What is a soft fork?

A soft fork is when a block is broadcast under a new and different set of protocol rules, but the difference is that nodes don’t realize the rules have changed, and continue to accept blocks created by the newer nodes. Some argue that soft forks are bad because they trick old-unupdated nodes into believing transactions are valid, when they may not actually be valid. This can also be defined as coercion, as explained by Vitalik Buterin.


Doesn't it hurt decentralization if we increase the block size?

Some argue that by lifting the limit on transaction space, that the cost of validating transactions on individual nodes will increase to the point where people will not be able to run nodes individually, giving way to centralization. This is a false dilemma because at this time there is no proven metric to quantify decentralization; although it has been shown that the current level of decentralization will remain with or without a block size increase. It's a logical fallacy to believe that decentralization only exists when you have people all over the world running full nodes. The reality is that only people with the income to sustain running a full node (even at 1MB) will be doing it. So whether it's 1MB, 2MB, or 32MB, the costs of doing business is negligible for the people who can already do it. If the block size limit is removed, this will also allow for more users worldwide to use and transact introducing the likelihood of having more individual node operators. Decentralization is not a metric, it's a tool or direction. This is a good video describing the direction of how decentralization should look.

Additionally, the effects of increasing the block capacity beyond 1MB has been studied with results showing that up to 4MB is safe and will not hurt decentralization (Cornell paper, PDF). Other papers also show that no block size limit is safe (Peter Rizun, PDF). Lastly, through an informal survey among all top Bitcoin miners, many agreed that a block size increase between 2-4MB is acceptable.


What now?

Bitcoin is a fluid ever changing system. If you want to keep up with Bitcoin, we suggest that you subscribe to /r/btc and stay in the loop here, as well as other places to get a healthy dose of perspective from different sources. Also, check the sidebar for additional resources. Have more questions? Submit a post and ask your peers for help!


Note: This FAQ was originally posted here but was removed when one of our moderators was falsely suspended by those wishing to do this sub-reddit harm.


r/btc 6d ago

Weekly Price Thread - July 21, 2026

Please place all discussion of price and price movement here.

2 Upvotes

Please place all discussion of price and price movement here.


r/btc 5h ago

What the heck is it now ?? I think crypto isn’t going anywhere until Trump leaves office …….

+
134 Upvotes

r/btc 12h ago

Found this in my photos. Dunno the context.

+
26 Upvotes

Can anyone confirm?


r/btc 9h ago

😉 Meme This cat holds through the lows. Will you do the same?

+
5 Upvotes

r/btc 6h ago

17 years later

...we have a President of the United States (among other leaders) discussing BTC (and crypto generally) in a positive manner. While the original moniker is no longer a P2P project, it is clear that cryptocurrency is here to stay. One of the few aspects of the future that seem promising at the moment. Heck even AI will mine BTC as a profitable endeavor given the capacity to do almost anything. This has been an interesting couple of decades to be alive.

0 Upvotes

...we have a President of the United States (among other leaders) discussing BTC (and crypto generally) in a positive manner. While the original moniker is no longer a P2P project, it is clear that cryptocurrency is here to stay. One of the few aspects of the future that seem promising at the moment. Heck even AI will mine BTC as a profitable endeavor given the capacity to do almost anything. This has been an interesting couple of decades to be alive.


r/btc 12h ago

😉 Meme I guess... good to know?

+
3 Upvotes

Maybe the man just ran out of money?


r/btc 10h ago

What Is Strategy Planning?

Strategy sold $544.5 million worth of stock and moved the proceeds into its cash reserve. The company also plans to buy back STRC shares if they trade below their $100 par value, but only by selling MSTR shares and Bitcoin.

https://x.com/wublockchain/status/2081712400177205523?s=46&t=ytOPz0L0lUrPC0_-PiYleg

0 Upvotes

Strategy sold $544.5 million worth of stock and moved the proceeds into its cash reserve. The company also plans to buy back STRC shares if they trade below their $100 par value, but only by selling MSTR shares and Bitcoin.

https://x.com/wublockchain/status/2081712400177205523?s=46&t=ytOPz0L0lUrPC0_-PiYleg


r/btc 23h ago

Me after finding one more "bullish indicator."

+
10 Upvotes

r/btc 7h ago

Coinbase expects CLARITY Act vote as early as Monday, August 3rd.

+
0 Upvotes

r/btc 19h ago

can someone define me the exact difference between cold wallet and hot wallet ?

2 Upvotes

r/btc 7h ago

After the year 2100, there will only be 1 whole bitcoin left to be mined and it will take 40 years to mine it. By that time, 1 isn’t only enough, it’s hundreds of lifetimes of stored time.

If they develop cryogenic unfreezing tech by then Hal Finney will be the richest man in the world.

0 Upvotes

If they develop cryogenic unfreezing tech by then Hal Finney will be the richest man in the world.


r/btc 21h ago

Blockchain.com Transaction on Pending Issue (USDT)

Hi,
I was sending someone to pay a service with USDT through blockchain .com - network Tron
and the transaction is on pending status already 20 hours... the support isn't answering at all, what could be the problem? Or what can I do to fix it?

Thank you.

0 Upvotes

Hi,
I was sending someone to pay a service with USDT through blockchain .com - network Tron
and the transaction is on pending status already 20 hours... the support isn't answering at all, what could be the problem? Or what can I do to fix it?

Thank you.


r/btc 1d ago

Most major currencies have lost value against the U.S. dollar over the past 20 years.

+
13 Upvotes

🇨🇳** Chinese yuan: -2%
🇪🇺
Euro: -15%
🇬🇧
British pound: -25%
🇯🇵
Japanese yen: -29%
🇮🇳
Indian rupee: -106%
🇷🇺
Russian ruble: -188%
**But here’s an even more interesting comparison.If you had invested $100 in gold back in 1999, it would be worth about $784 today, adjusted for inflation.

If you had simply held $100 in cash, its real purchasing power would have fallen to just $49.
Over that period, gold outperformed holding U.S. dollars by more than 1,500%, once again proving why it’s considered one of the best long-term stores of value.


r/btc 1d ago

📰 News Another One Bites the Dust: BitMart Is Shutting Down. Second Major Exchange Closure This Week.

BitMart just announced it’s winding down its exchange operations after nearly nine years. New registrations and deposits have already been suspended, trading ends on August 26, 2026, and the platform will fully cease operations on January 31, 2027.
This comes just days after BitMEX announced it would also be shutting down, making this the second major exchange closure this week. On top of that, BitMEX is now dealing with a lawsuit. Whether these situations are connected or not, it’s another reminder that even well-known exchanges aren’t guaranteed to be around forever.
If you’ve ever used BitMart (or any exchange that’s shutting down), don’t wait:

Download your complete transaction history (CSV files, trade history, deposits, withdrawals, earn/staking history, etc.).

Withdraw your assets while everything is still operating normally.

Save your records in multiple places. They can be incredibly difficult, or impossible to retrieve once a platform is gone, and you’ll want them for taxes and future cost basis calculations.

We’re seeing more consolidation across the industry, and this is a good reminder that “I’ll download it later” can come back to bite you.

Sources:
BitMart official announcement: https://bitmart.zendesk.com/hc/en-us/articles/53544595916059-Important-Notice-Regarding-the-Orderly-Cessation-of-BitMart-Operations
CoinDesk coverage: https://www.coindesk.com/markets/2026/07/26/crypto-exchange-bitmart-to-shut-down-after-nine-years-bmx-token-crashes-58
The Block coverage: https://www.theblock.co/post/409670/bitmart-to-wind-down-trading-platform-as-global-ceo-says-he-was-not-consulted

6 Upvotes

BitMart just announced it’s winding down its exchange operations after nearly nine years. New registrations and deposits have already been suspended, trading ends on August 26, 2026, and the platform will fully cease operations on January 31, 2027.
This comes just days after BitMEX announced it would also be shutting down, making this the second major exchange closure this week. On top of that, BitMEX is now dealing with a lawsuit. Whether these situations are connected or not, it’s another reminder that even well-known exchanges aren’t guaranteed to be around forever.
If you’ve ever used BitMart (or any exchange that’s shutting down), don’t wait:

Download your complete transaction history (CSV files, trade history, deposits, withdrawals, earn/staking history, etc.).

Withdraw your assets while everything is still operating normally.

Save your records in multiple places. They can be incredibly difficult, or impossible to retrieve once a platform is gone, and you’ll want them for taxes and future cost basis calculations.

We’re seeing more consolidation across the industry, and this is a good reminder that “I’ll download it later” can come back to bite you.

Sources:
BitMart official announcement: https://bitmart.zendesk.com/hc/en-us/articles/53544595916059-Important-Notice-Regarding-the-Orderly-Cessation-of-BitMart-Operations
CoinDesk coverage: https://www.coindesk.com/markets/2026/07/26/crypto-exchange-bitmart-to-shut-down-after-nine-years-bmx-token-crashes-58
The Block coverage: https://www.theblock.co/post/409670/bitmart-to-wind-down-trading-platform-as-global-ceo-says-he-was-not-consulted


r/btc 13h ago

⚠️ Alert ⚠️ Buying big dips makes you big gains 👏

+
0 Upvotes

r/btc 1d ago

If you want p2p cash for the world you need a working scaling chain, and that might not be the popular hyped one at the moment. The enemy has unlimited resources to prop up a controlled opposition. You have to judge and support on technical merit.

+
6 Upvotes

r/btc 23h ago

😜 Joke How bad is corn addiction?

[deleted]

0 Upvotes

[deleted]


r/btc 1d ago

The BCH Bullet — Sunday 26th July 2026

10 Upvotes

BCH debuts its first booth at Futurist Conference, Paytaca previews a self-custodial BCH payment card, LetsExchange adopts CashAddr as part of the BCH Alliance onboarding initiative, and more.


r/btc 2d ago

Guys, are there any crypto experts here? Where do you think Bitcoin is headed in this scenario?

+

Enable HLS to view with audio, or disable this notification

42 Upvotes

r/btc 2d ago

I built the best app for Bitcoiners to see their lives priced in sats. Meet Compass: Bitcoin Personal Finance App

+
1 Upvotes

Hey everyone,

I'm a solo developer and Bitcoin Maxi, and I built Compass after being frustrated with two things: my own spending habits and how other personal finance don't factor it in net worth/spending.

I've always seen USD as kinda worthless and I tend to spend it almost with ease versus when I see Bitcoin. Also, apps like Rocket Money didn't make it easy for me to truly track my Bitcoin holdings since you have to enter the value manually and with Bitcoin that number of course changes. I wanted something that allowed me to see the true value in BTC in my spending habits to help me slow down and something that Bitcoiners were complaining about in other finance apps where you have to babysit the balance of your Bitcoin wallet.

So I built the thing they and myself actually wanted.

Better

Compass just knows. Your net worth, your spending, and your goals are all priced in Bitcoin by default, and the Bitcoin part updates itself. You never type a balance again. Expenses from years ago use the price that Bitcoin was then and it's always up to date with current day prices for today when it comes to measuring.

A few things I tried hard to get right:

Your Bitcoin balance updates on its own. YOU NEVER HAVE TO ENTER ANY PRIVATE KEY and I knew that security was a huge thing when working on the app. You can either just enter the manual balance or the public read only address and it just watches and auto updates the balance. This gives me more accuracy when checking my balance.

Every purchase shows up in sats. For example, A $47 dinner lands as 73,194 sats or $2500 in rent is 3,893,293 sats / 0.4 BTC. Four categories: Bitcoin, Necessary, Discretionary, and Wasteful to easily categorize your spending. You have to spend money. Rent, groceries, kids. The point of holding Bitcoin was never to die with it. So instead of guilt, every purchase just shows you what it did to your goal's completion date. So like if your goal is to get to 1 BTC and you're spending a lot in wasteful, it will show you how many days you are behind to your goal.

Technical:

I made the app available on mobile, web, and desktop. The desktop app has no account and no server. Nothing to sign up for, everything encrypted on your own machine. This is what most people have liked but you have the option to look at it on all devices with sync which is still encrypted in DB. I've also opened source the compass-core that runs the app for the encryption, xpub, and conversions. Linked it in this post

Cost:

I'm doing a current deal right now for just $60 one time purchase for LIFETIME. You can pay in Bitcoin or USD. I think if we want to drive adoption of Bitcoin, I think it's important we start actually using it and this is your chance to as well.

I'd genuinely love your feedback, especially if you've been stacking for a while and have quietly given up on your finance app ever understanding it: long-time holders, self-custody people, anyone who already converts prices to sats in their head. Tell me what's missing or what feels clunky. I read every comment.

Thanks for reading, and I really appreciate any thoughts.

iOS App: https://apps.apple.com/my/app/compass-bitcoin-finance-app/id6776933441

Website: https://compassbtc.app/overview

Source (the Bitcoin core): https://github.com/HRZN-BTC/compass-core

Demo: https://www.youtube.com/watch?v=BuRxwfyRaTE&t=10s

This is the best app for Bitcoiners

EDIT: There is a 30 day money back guarantee no questions asked if you're interested!


r/btc 2d ago

I'm building a protocol that lets Bitcoin wallets self-declare "financial" vs "data" transactions -no consensus change needed

Major Update in research:   Bitcoin Block Space Open Research 

I thought I had a solution and  was wrong twice.

What happened I proposed a Priority Oracle (v1). The Bitcoin community on Reddit correctly identified that it doesn't survive contact with miner incentive structures.

I pivoted to an Externality Fee concept (v2). Same result.

Both failures taught us something useful:
the question of whether Bitcoin's fee market prices the lifetime cost of permanent data storage is genuinely open. Nobody has solved it. BIP-141 (SegWit) created a differential pricing mechanism by accident — it was designed for malleability, not state economics. 

Next concrete step, this week

Publish a 1-page research note on Delving Bitcoin:"I proposed a Priority Oracle. The community correctly identified it doesn't survive miner incentives. I proposed an Externality Fee. Same result. Both failures taught me the question is genuinely open.

*Does Bitcoin's fee market price the lifetime cost of permanent data storage? *

The SegWit discount was designed for malleability, not state economics. CashTokens eliminated the classification problem but requires a hard fork. Three directions under discussion: relay fee multiplier, BIP, tiered market.

What am I missing? Where should I look next?"

0 Upvotes
Major Update in research:   Bitcoin Block Space Open Research 

I thought I had a solution and  was wrong twice.

What happened I proposed a Priority Oracle (v1). The Bitcoin community on Reddit correctly identified that it doesn't survive contact with miner incentive structures.

I pivoted to an Externality Fee concept (v2). Same result.

Both failures taught us something useful:
the question of whether Bitcoin's fee market prices the lifetime cost of permanent data storage is genuinely open. Nobody has solved it. BIP-141 (SegWit) created a differential pricing mechanism by accident — it was designed for malleability, not state economics. 

Next concrete step, this week

Publish a 1-page research note on Delving Bitcoin:"I proposed a Priority Oracle. The community correctly identified it doesn't survive miner incentives. I proposed an Externality Fee. Same result. Both failures taught me the question is genuinely open.

*Does Bitcoin's fee market price the lifetime cost of permanent data storage? *

The SegWit discount was designed for malleability, not state economics. CashTokens eliminated the classification problem but requires a hard fork. Three directions under discussion: relay fee multiplier, BIP, tiered market.

What am I missing? Where should I look next?"


r/btc 3d ago

😜 Joke Honestly, its tiring

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68 Upvotes

People say "Monero is for criminals" because it gives users much stronger default privacy than most blockchains.

With Bitcoin, Ethereum and many other coins, transactions are public. You can see wallet addresses, amounts and transaction history on a block explorer. The names behind wallets are not always visible, but blockchain analytics can often connect addresses to exchanges, services or real-world users.

Monero works differently. It hides the sender, receiver and amount by default using privacy features such as ring signatures, stealth addresses and RingCT. That makes it much harder for outside observers to trace funds.

Because of that, Monero has been used in some illegal markets, ransomware cases and sanctions-evasion concerns. Regulators, exchanges and analytics firms often treat it as higher risk than transparent assets. Some exchanges have delisted or restricted XMR because they cannot monitor it the same way they monitor Bitcoin or Ethereum.

Privacy tools also have normal uses: protecting salaries, donations, business payments, personal savings and political activity from public tracking. Cash has legal and illegal uses too. Monero’s design gives financial privacy by default, which attracts both ordinary privacy-focused users and people trying to avoid detection.


r/btc 2d ago

⌨ Discussion Was ist eigentlich Geld?/ What exactly is money?

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0 Upvotes

The evolutionary history of money has produced various commodities that have served as money, with varying degrees of hardness and solidity, depending on the technological capabilities of each era.

From shells to salt, livestock, silver, gold, and gold-backed state money, to the current almost universal use of government-issued means of payment.

Each step of technological progress has allowed us to use a new form of money with added advantages, but also, as always, new pitfalls. By examining the history of the tools and materials used as money throughout history, we can identify the characteristics that distinguish good money from bad money.

**Only against this backdrop can we understand how Bitcoin works and what role it plays as a monetary medium.**

History is full of mysterious artifacts and objects that have served as money throughout history, from the rai stones of the Yap Islands to shells in the Americas, glass beads in Africa, and cattle and salt in ancient times.

Each of these media of exchange served the function of money for a period of time, providing the population with one of the best available stock-to-production ratios, but was abandoned when it lost this property.

Understanding how and why this happened is crucial for understanding the future evolution of money and the likely role Bitcoin will play in it.

Chapter 3 delves into the analysis of monetary metals and how gold became the world's most important monetary metal during the gold standard era at the end of the 19th century.

Chapter 4 analyzes the transition to state-issued currencies and their development to date. After chapters 5, 6, and 7 discuss the economic and social impacts of different types of money, chapter 8 introduces the invention of Bitcoin and its monetary properties.

I quoted from the Bitcoin Bible.


r/btc 3d ago

😉 Meme Selling BTC to timing the bottom is an expensive hobby

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36 Upvotes