In the table below you can see the Bitcoin to Dollar (BTC/USD) live price and the historical price chart as offered by Plus500.com.
Bitcoin is the most famous cryptocurrency, so this Live Financial Chart should be what you are looking for!
The price bellow is not the exact real price, it a CFD price offered by Plus500.com really close to the market actual price.
If you want to take advantage from the price variability of Bitcoin you can start trading BTC/USD in Plus500.
Bitcoin/USD Live Price (CFD Plus500)
What is Bitcoin
Bitcoin is an electronic currency, used to purchase goods and services from merchants that trade with it. It’s a decentralized payment system, which was created to enable users to send / receive payments without the involvement of a third party (Bank, Ewallet etc).
Similar to every other kind of currencies, Bitcoin can be saved and used for all sorts of transactions, provided that the seller accepts Bitcoin payments. Bitcoin is the first application of the crypto concept, today there are so many cryptos.
Its fame is increasing tremendously especially among the millennial generation, who tend to lose their trust to fiat money. Bitcoin has all the attributes of government regulated cash with a good number of countries, accepting it as a legal mean of payment.
Bitcoin is a digital currency (all the images you see around the web are fiction), which makes use of a peer-to-peer payment network methodology, powered by its users and without the involvement of a middleman or a central authority. Bitcoin network is decentralized and owned by nobody contrary to Fiat currencies, which are produced and regulated by local central banks.
For instance, the Euro (EUR/USD) is regulated by the European Central Bank (ECB), while the FED regulates the United States Dollar (USD). Similarly, when trading with both currencies, their values are determined by these two major banks, but this isn’t applicable to Bitcoins.
If Internet is considered as a revolution in communication. then Bitcoin is a bigger revolution in the financial sector.
Who invented Bitcoin?
Have you met Satoshi Nakamoto? Well nobody has, although he claims to be the creator of Bitcoin.
Is Satoshi Nakamoto a real person? Nobody knows!!! Satoshi Nakamoto is the pseudonym of a person, or a group of people who designed the Bitcoin Structure!
How is Bitcoin produced?
Bitcoin is produced through a process known as mining.
In a few words you offer GPU (GPU Computing is the use of a Graphics Processing Unit as a co-processor to accelerate the total processing power of the system) and recieve back as a gift Bitcoins. This process is getting harder during the ages (You need more processing power for mining less bitcoins) and that’s how bitcoin is protected of the oversupply.
How to Buy, Sell and Store your Bitcoins
There are quite a number of ways to purchase and sell Bitcoins, but among these numerous ways, using a trusted Bitcoin Exchange site such as Coinbase is the easiest, fastest and most secure.
Over the years, Coinbase has risen to be one of the highly recognized Bitcoin Exchange Site owing to reliability, and accessibility. It is an electronic wallet for storing, selling, accepting, and buying Bitcoins. Coinbase also acts as a Bitcoin processor for numerous merchants and businesses.
Located in San Francisco, California, its services were initially restricted to the United States, but over the years, it has grown to other parts of the world including Europe, Asia, and Africa.
Coinbase enables its users to link their local bank account to their system, which allows them to quickly buy Bitcoins. It makes use of an ACH automatic transfer system in achieving this. Coinbase is only used to make bitcoin-related transactions, and those not hold any fiat currency in customers’ accounts.
When customers place an order to purchase Bitcoins using funds from their local bank accounts, it takes about 3-5 working days for the money to be credited from their bank into Coinbase account. Once the account is credited, the equivalent amount of Bitcoins is released to the customer.
Coinbase is pretty inappropriate as a Crypto Day Trading Exchange. It is more appropriate for newbiews trying to get acquainted with the Bitcoin trading world.
Asides bitcoins, Coinbase also offers a couple of other cryptocurrencies such as Ethereum, Litecoin, Bitcoin Cash and others. When you start an account in Coinbase you can benefit from a 10$ Free!
While some prefer storing their coins in desktop wallets and software, a couple of others are seeking for more secure wallets such as hardware wallets. Hardware wallets are offline wallets with enhanced security. They are used to store private keys and details to prevent hackers, theft, and scammers from gaining access to them.
However, Hardware wallets are sold and a bit expensive, though its price is worth it especially for those in possession of significant amount of bitcoins.
A nice and trusted hardware wallet is Ledger Nano S. This wallet is a product of a France-based company with attractive European designs. It consists of a backup seed key, which can be used to recover lost bitcoins, a graphical user-friendly OLED interface. Ledger Nano S looks like a flash drive with two sides buttons, used to navigate its interface.
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