All about bitcoin price and much more
26 Sep, 2022
All About Bitcoin Cryptocurrency
What is the price of bitcoin and who sets it?
The bitcoin price is a result of the law of supply and demand. It is the direct negotiation between seller and buyer, without intermediaries, that defines the value of the asset. This is because BTC is a decentralized cryptocurrency, which is not subject to the intervention of any government or central bank. Since users are free to make direct trades, the bitcoin price also varies among different exchanges.
Is bitcoin safe? And is it reliable?
Bitcoin is now regarded as the world's leading cryptocurrency. It is a cryptoasset that protects against digital fraud, given the complexity of its technology and the encrypted database used to record its transactions, known as blockchain. In addition, BTC is considered reliable because in 13 years of non-stop operation there have been no records of fraud or hacks on its network.
How did bitcoin emerge? How to mine it?
Bitcoin came about in 2008 with the purpose to be a decentralized, scarce cryptocurrency (limited to only 21 million units) and with a limited inflation rate, since there is no rampant issuance of digital currency. To mine BTC, specific machines called Asics are required, which have the necessary computing power to try to validate transactions on the blockchain.
How to buy bitcoin?
You can buy and sell bitcoin via cryptocurrency exchanges, which function as electronic brokers specialized in digital currencies, as is the case of Bitso. You can buy bitcoin and other cryptocurrencies through the Bitso website or app with total security and convenience, starting at just 5 USD. If you have any issues, our experts are here to offer support and all the necessary information.