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Bitcoin FAQ

What is Bitcoin?

Bitcoins are the equivalent of Internet cash. You can send Bitcoins over the Internet directly to anyone with no middle man. Like cash, Bitcoin transactions are irreversible. Bitcoins are traded worldwide.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.

For more information please refer to the following sites:


How do you get your Bitcoin prices?

The Bitcoin exchange rate is retrieved every 2 minutes from's API.

The current AUD exchange rate is: $10962.04 to 1 BTC

How do I get started with Bitcoin?

Please follow the official Bitcoin 'Getting Started' guide on