In 2009, bitcoin was invented as a decentralized, digital currency. Many investors and traders, like bitcoin miners, have seen a steady growth of their holdings due to the currency’s volatile nature and strong profit potential. If you’re considering putting money into bitcoin BTC, there are many reasons why it may be worth your while:
1) It can’t be hacked or counterfeited because of its cryptographic algorithms
2) Bitcoins are divisible up to eight decimal places
3) You can send bitcoins from any country to another without having to worry about exchange rates or transaction fees
Bitcoin is both a cryptocurrency and a worldwide payment system. It is the world’s first decentralized digital currency, as it functions without a central bank or single administrator. Users directly interact with one another, without the aid of an intermediary, to conduct transactions. Most bitcoin transactions are recorded in public distributed ledgers called blockchains, which are maintained by decentralized network nodes using cryptography.
Exchanges for another currency, such as Bitcoin ATMs and online exchanges, offer a variety of places to buy bitcoin. International exchanges are also accessible, as well as local ones. Popular bitcoin exchange sites include Coinbase, Bitstamp, and Kraken. Bitcoins can be acquired in various ways, including through digital currency exchanges or directly from people who possess them.