What Is Bitcoin£¨ BTC£©?
Bitcoin is a decentralized digital currency created in January 2009. It follows the ideas set out in a white paper by the mysterious and pseudonymous Satoshi Nakamoto. The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms do, and unlike government-issued currencies, it is operated by a decentralized authority.
Bitcoin is known as a type of cryptocurrency because it uses cryptography to keep it secure. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to (although each record is encrypted). All Bitcoin transactions are verified by a massive amount of computing power via a process known as "mining." Bitcoin is not issued or backed by any banks or governments, nor is an individual bitcoin valuable as a commodity. Despite it not being legal tender in most parts of the world, Bitcoin is very popular and has triggered the launch of hundreds of other cryptocurrencies, collectively referred to as altcoins. Bitcoin is commonly abbreviated as BTC when traded.
Where To Buy BTC£¿
BTC can be purchased on a cryptocurrency exchange, such as Binance, FTX, Bitfinex and Coinbase. These are specialized marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms.
We list the top 2 exchanges that offer the ability to buy cryptocurrency with a credit card, debit card.
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of BTC here are both lower fees than competing exchanges, and increased liquidity enabling you to buy and sell quickly to take advantage of market moving news.
This exchange is best for investors residing in Australia, Canada, Singapore, UK & internationally. USA residents are prohibited from purchasing most tokens.
Coinbase is a publicly traded crypto exchange listed on the NASDAQ. It is one of the most widely used exchanges in the United States and accepts clients from 100+ countries including Australia, Canada, Singapore, and the UK.
Over 460 billion dollars in volume has been traded by over 70 million users at Coinbase. Security is a paramount feature with 98% of customer funds being stored in secure offline storage. The platform is simple to use and is available on desktop, Android, and iOS, offering trading opportunities in over 140 cryptocurrencies including BTC.
This exchange currently accepts USA residents excluding Hawaii.
Exchanges We Recommend To Buy BTC
The world's crypto exchange.
Easiest place to buy and sell cryptocurrency.
The home of digital asset trading.
Cryptocurrency Derivatives Exchange.