Frequently Asked Questions
Simply put, Bitcoin is a different method to send and receive money. Instead of using banks and other financial institutions, it uses a public ledger to create a permanent record of the transactions. This public ledger is secured and verified by more than 100,000 nodes maintained around the world.
For more information about Bitcoin, here are some helpful links:
The Lightning Network is a layer built on top of Bitcoin, which uses the security and stability of the Bitcoin Network. This development allows for Bitcoin to be used for transactions by solving the issue of the Legacy Bitcoin Network slow transaction speed.
By using the Lightning Network, Bitcoin transactions will process in milliseconds instead of minutes or hours.
Rest assured, you do not need to worry about Bitcoin’s price fluctuating while you are transacting or holding your money in Pura Vida’s Bitcoin Wallet.
Pura Vida offers ‘StableSats’, which allows you to either hold your money in USD or Bitcoin in our wallet. This means that you have the option to lock in your money’s value in USD, or opt to keep your money in Bitcoin. Whether you want stability or volatility, the choice is yours.
Yes, Costa Rica is a crypto-friendly country for anyone who wants to use cryptocurrency. Bitcoin has been deemed by Costa Rica to be a form of private property, which has its origins outside of Costa Rica.
Absolutely. This is one of the best ways to use Bitcoin, since you can directly transact peer-to-peer without needing authorization from financial institutions. This means that you can transact with anyone for any value in an instant!
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