Bitcoin - Current Rate, Value, and How to Buy
What is Bitcoin
Bitcoin is the so-called cryptocurrency, or digital currency. Bitcoin has no headquarters and can be no extrernal influencer and there is no possibility of counterfeiting it. It is so-called decentralized.
Bitcoin itself is actually just an information about a Bitcoin account. This information is completely public, and everyone can verify the amount of the account, even if the actualy owner is anonymous. You can create an account at any time, even offline. But only the owner has the key to the account and send and receive Bitcoins. This key is just a string of characters that can be stored in a text file or simply written on a piece of paper. In the event of a key loss, the account can not be reached and Bitcoins are irretrievably lost.
How To Buy Bitcoin
The simplest and safest way to buy Bitcoin is to use some of Bitcoin's stock exchanges. They work in such a way that the buyer transfers money and gets Bitcoins at the current rate. Bitcoins can be sold as well. One of Bitcoin's exchanges is Coinmate. You can trade Bitcoins or transfer them to your own Bitcoin Wallet.
The huge advantage of Bitcoin's stock exchanges is that you can immediately see the currently set exchange rate they buy or sell. Everything is easy, fast and very straightforward.
However, it is necessary to emphasize that Bitcoin's value varies greatly over time, and although the tendency is rather rising, it may even drop very rapidly in a short while. Bitcoin trading is therefore very risky.
How to get Bitcoin
The two main ways to get Bitcoin are mining and buying. Buying Bitcoin is possible either directly by negotiating with the Bitcoin owner from whom Bitcoin will be purchased. The second option is to use one of Bitcoin's stock exchanges, such as Coinmate.
Another way to get Bitcoin is mining. Each Bitcoin transaction requires confirmation, which is, however, very complex and energy-intensive. Confirmation of the transaction is ensured by miners who receive Bitcoins for each confirmation as a reward.
There are more ways to store Bitcoin. The best one is the so-called Bitcoin wallet. This is simply a program that allows you to access your Bitcoin account and simply manage transactions. Theoretically you do not have to have a wallet and you only have the key to your account, but it's easier with your wallet.
You can use both online and offline solutions, whether you have a wallet stored on some Bitcoin exchanges, for example, or have your own wallet on your computer.
Bitcoin rate and current value
The value of Bitcoin, as well as other cryptocurrencies is very volatile. Moreover, due to decentralization, there is no official authority that would determine the rate for the other currencies, so the price for 1 Bitcoin depends on demand. The prize can also be determined by individual Bitcoin exchanges, but each price chooses entirely independently of each other.
However, Bitcoin's value has risen steadily, and by mid-December 2017, the $ 20,000 threshold was passed per 1 Bitcoin.
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