Bitcoin Diamond (BCD) Frequently Asked Questions

1. Bitcoin Diamond (BCD) Frequently Asked Questions

Bitcoin Diamond (BCD) Frequently Asked Questions Bitcoin Diamond (BCD) Frequently Asked Questions

WHAT IS BITCOIN DIAMOND?

Bitcoin Diamond uses blockchain and cryptocurrency technology to provide the world’s unbanked and underserved people with a currency they can access, trust, and use. As a fast, secure digital currency, Bitcoin Diamond aims to free the trapped capital, intellect, and creativity of the world’s emerging population. (Description provided by CryptoCompare)

HOW DO I BUY BITCOIN DIAMOND?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Bitcoin Diamond.

WHERE CAN I GET BITCOIN DIAMOND WALLET?

Bitcoin Diamond produces its own wallet software that is available for download on its website, which allows you to store Bitcoin Diamond on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

WHAT IS THE VALUE OF BITCOIN DIAMOND?

One Bitcoin Diamond (BCD) is currently worth $1.02 on major cryptocurrency exchanges. You can also exchange one Bitcoin Diamond for 0.00001774 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Bitcoin Diamond in U.S. dollars is $190.49 million.

WHAT HASHING ALGORITHM DOES BITCOIN DIAMOND USE?

Bitcoin Diamond is a proof of work (PoW) and proof of stake (PoS) token that uses the X13 algorithm.

HOW DO I MINE BITCOIN DIAMOND?

Bitcoin Diamond can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Bitcoin Diamond and access to a mining pool that pools your effort with other miners and a wallet to store the Bitcoin Diamond that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

WHAT COINS ARE SIMILAR TO BITCOIN DIAMOND?

The following coins use Bitcoin Diamond's X13 algorithm and proof of work (PoW) and proof of stake (PoS) proof-type: StratisNavcoinStealthDeepOnionCloakCoinBitcoin PlusBlitzPredictOpalDatacoinBoostCoinXSwapXstable.ProtocolTrinity ProtocolSTVKE.NETWORK and STVKE.

WHAT IS THE REDDIT PAGE FOR BITCOIN DIAMOND?

The official Reddit community (subreddit) for Bitcoin Diamond is r/Bitcoin-Diamond.