Bitcoin (BTC) is a cryptocurrency that was launched at the beginning of 2009. The idea behind Bitcoin is to create decentralized money systems that use digital currency and change the way people trade online.
It’s been a response to old-school traditional money systems. Bitcoin offers lower fees, high security – higher than any other asset class per transaction period in history! Fast payments, many more advantages over fiat currencies like USD or EUR.
Bitcoin is the most popular Crypto coin with the largest market cap. Still, many altcoins hold less market cap than bitcoin does because they’re not as well known among traders yet have their benefits, such as being faster transactions times for some cryptocurrencies, with some having no fee cost at all.
What is the purpose of Bitcoin?
Bitcoin was released as digital assets to provide a way to trade online using the new technology called the blockchain.
Using the blockchain can provide the ability to use a decentralized system that no one owns.
Bitcoin and blockchain technology have many more advantages: high security, no inflation, fast and low fee payments, and more.
Bitcoin is a digital asset that offers the ability to trade online in an innovative way and designed to provide an online marketplace that can be used without the need for third-party involvement.
Bitcoin is a digital asset that became popular by allowing transactions using blockchain technology with no middleman involved, high security, no inflation, fast payments with low fees and many more advantages.
Bitcoin Trading
Picking the proper exchange is crucial to your success in bitcoin trading. Online exchanges are abundant, but not all offer the same features and services.
Do you want more options for crypto investments? Leverage trade or staking benefits?
Just don’t forget that each individual should compare each of these factors before deciding which online exchange will serve him best moving forward!
Where to store Bitcoin
Bitcoin is a very high value asset theses days.
As a digital assets you need to keep your bitcoin or any other crypto coins in a safe place.
The safest way to store your bitcoin or any other crypto coins is in a hard-to-reach physical location. This might be difficult for some people as most of the new digital wallets are cloud based programs that rely on software and internet connection, but it’s worth investing in an offline wallet if you want peace of mind when storing these high value assets.
Store Bitcoin in hot storage wallets
Hot wallets is a generic name for crypto wallets that are connected to the internet.
For example: Online wallets provided by crypto exchanges, Mobile apps, desktop wallets
Store Bitcoin in cold storage wallets
Keeping your coins in cold storage is the safest way to store bitcoin; hardware or paper wallets are one way to hold your bitcoin so that the private key belongs to you and no one on earth access it.
Who Accepts Bitcoin?
Each year, the cryptocurrency market is gaining more popularity; many people worldwide use bitcoin and other crypto coins to trade online and buy goods and services.
These days a lot of well-known companies accept bitcoin as a payment method.
PayPal announced in 2021 that we citizens could trade and hold crypto in their accounts.
Whole Foods Market who is one of the biggest supermarket chains in the world accepting bitcoin
Starbucks customers can pay in bitcoin using the new Bakkt app.
Tesla announced that the company would accept bitcoin as the payment method soon.
Top Exchanges to Buy Bitcoins
Binance
Binance was established in 2017, and it’s the largest cryptocurrency exchange in the world in terms of crypto pairs trading volume.
One main advantage that Binance offers is focusing on altcoin trading. If you wish to trade crypto altcoins, Binance can provide you with a wide range of options.
You can trade more than 100 crypto coins and margin trading, p2p trading, and Derivatives, and more.
Binance can be a fantastic option for those who look for a reliable and well-known crypto exchange that offers altcoins trading in addition to popular pairs such as BTC, ETH, Ripple, etc.
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CEX IO
Sex-IO is a trusted and secure crypto exchange platform. Most of the countries supported and can use CEXio as well as 48 US States.
It’s considered a trusted crypto exchange with high security and excellent customer support. In addition, its interface is user-friendly and very easy to navigate.
One more thing is that CEX Io has more minor trading pairs options than other crypto exchanges.
Huobi
Huobi is a popular cryptocurrency exchange launched in China back in 2013, Now her headquarters are located / Asia / US and Seychelles.
Huobi offers a wide range of crypto exchange options and pairs.
In addition to crypto pairs trading, you can use Houbi to margin trading,
collateralized loans, and more.
Huobi is currently listing 372 crypto assets for trading.
Bitfinex
Bitfinex is hong kong based crypto exchange that was founded in 2012.
Bitfinex is aiming for all users as well as advanced crypto traders as it ofeers many advaned features such as:
- margin trading
- marging funding
- Customizable interface
- hige Security
- Customizable interface
Coinbase
Coinbase is one of the largest and most popular crypto exchange in the world, supporting more than 43M verified users from more than 100 countries.
Following the popularity of Coinbase, it offers very high liquidity for crypto pairs and a wide variety of products. If you are looking to trade altcoins, you may find them on the coinbase trading pairs list.
