Bitcoin: Actual rate, value, purchase and graph
What are Bitcoins?
A Bitcoin is an internet digital currency. Its uniqueness is based on a total decentralization. The payment network does not have any central, so there is nobody, who could control, fake or close accounts. The Bitcoin currency has been created by a group of enthusiasts in 2009 and it enabled to make in some limited cases payments through the internet. Bitcoins are being traded and you can exchange them on online exchanges for standard currencies.
Bitcoin – actual exchange rate and value
The exchange rate of a Bitcoin was at the time of its launch 7 dollars, however, the current Bitcoin exchange rate exceeds 17,000 US dollars. Bitcoin has grown spectacularly. It must be also noted that the volatilities in the exchange rates are huge, thus a prediction of the further development is not easy. A few months ago, the product Bitcoin Cash has been launched, with an exchange rate of 2 700 dollars per Bitcoin. The rapid changes in the Bitcoin exchange rate depend on the offer and demand and also on the trust of the users.
How to buy Bitcoins
The purchase of Bitcoins is very risky and you have to be aware of it. You can make of course a lot of money with a positive development of the exchange rate. You can buy Bitcoins for instance on internet exchanges, however, some banks do not allow any payments that are linked to cryptocurrencies due to their policy on the protection of their clients. Therefore, purchases made with Bitcoins or the money, received from their sale, is not accepted by some banks.
How to mine Bitcoins
You do not have to buy Bitcoins, you can mine them. For this purpose, you need a computer that meets specific requirements. First of all, you need to install a special program for the mining of digital currencies and you must of course read carefully the manual on how to use it. The mining is conducted at your own risk and in some cases your graphic card or other computer parts may be damaged. It is also being said that due to the hardware requirements and power consumption, the mining itself does not have to be profitable. Furthermore, there can be cases of fraud.
The Bitcoin wallet is a program that enables someone to send and receive Bitcoins. There are several Bitcoin wallets; you just have to pick the one you are going to use. However, you need to have always sufficient hard disk space available (100 GB), because the wallet includes information about all transactions. If you make one transaction, it will be recorded as well. Do not forget your password for the wallet, because you will lose your Bitcoins if you forget it.
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