Bitcoins and their price

Thursday, December 19, 2019 posted by Joel 10:22 am
Bitcoin

Introduction

The term bitcoin refers to currency but not the usual or the traditional form of currency like the coins or the notes or the credit and debit cards. This is the digital currency stored in the bitcoin wallet or the digital wallet. This cryptocurrency originated or came into existence in the year 2009. It is termed as the digital currency decentralized without any control by any governing bodies on it. It doesn’t possess an administrator or a central bank where the currency is sent to the peer bitcoin network without any intermediary involvement.

Bitcoin currency

This bitcoin currency is of the highest value in the whole world and bitcoins are represented as BTC.  There is the btc price chart which differs in terms of other individual currencies. At present, the value of one bitcoin is worth 7,139 USD and can rise or come down based upon the market and the supply. The bitcoins can be converted to cash and can be saved in any bank account as these bitcoins can be sold at the Coinbase.

Conclusion

Bitcoins are the useful form of the money and have their value and the value changes based upon the merchants and the users and the start-ups. bitcoins can be exchanged and also stored securely in the digital wallet through the digital ledger and this is known as the blockchain. If both the customers are acceptable for the bitcoin transaction, then the payment can be made only with bitcoins. So, what are you waiting for?

Category : Finance

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