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Bitcoin (BTC/USD)

Bitcoin (BTC) to United States dollar (USD) exchange rate.

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: CryptocurrencyMarket: Global
Currency: BTCTrading Hours: According to market
Measurement Unit: Base Currency [Bitcoin (LTC)]
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Description:

Bitcoin is the first – and largest – cryptocurrency (also known as digital or virtual currency) in the world. Although it was launched in 2009, by early 2015, more than 100,000 companies and merchants worldwide accepted Bitcoin as payment, and that number has since grown significantly. Recently, Fortrade began allowing traders to fund their accounts with Bitcoin.Bitcoin is a decentralized and unregulated currency that is based on a blockchain technology; a public ledger that records all transactions. The lack of regulation leaves some investors concerned, but hackers have never successfully compromised the technology, and Bitcoin has proven to be very secure. BTC/USD is the currency pair of the Bitcoin (BTC) against the U.S. dollar (USD). In the one-year period between December 1, 2016 and the end of November 2017, the BTC/USD skyrocketed from $746 to over $11,000. While the price of a single bitcoin is growing increasingly prohibitive, traders are able to purchase fractions of coins while remaining within their own financial means.For example, if Bitcoin costs $8,000, and you purchase $200 of it, you would then own 2.5% of a coin, or 0.025 Bitcoins. If the price of Bitcoin rises to $10,000, then your 0.025 Bitcoin is worth $250.As with any investment, there is no guarantee that the price will continue to rise, so any purchase of Bitcoin should not be undertaken without properly understanding the market trends, and all of the inherent risks.

Interesting Facts:

  • To this day, nobody knows for certain who created Bitcoin. Its founder is an anonymous person (or group of people) known to the world by the pseudonym, Satoshi Nakamoto
  • Bitcoins are “mined” by people who solve complex mathematical puzzles in order to release blocks of Bitcoins. The more active miners, there are, the harder it becomes to mine new coins.
  • Altogether, 21 million will be made available, of which more than 16 million have been mined.
  • Bitcoin was the world’s first cryptocurrency, but in less than 10 years since its creation, more than 1,300 others have been launched. Fortrade offers three other cryptocurrencies for trading: Dash , Ethereum, and Litecoin.