Bitcoins is a digital currency, crypto-currency or internet currency which is P2P distributed, traded and mined. Bitcoin, conveniently as BTC, refers to the entire system.
Since Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen, its monetary value is extremely volatile. We need a virtual wallet before any transfer, trading or mining.
Before you invest in bitcoin
Bitcoin trading is volatile with very high price fluctuation. When you invest in bitcoin, you should be capable of evaluating the merits & risks of the investment and be able to bear the economic risk of losing your entire investment.
Buy Sell Bitcoin Units
- 1 BTC = 1,000 mBTC (millibitcoin)
- 1 BTC = 1,000,000 μBTC (microbitcoin)
- 1 BTC = 100,000,000 Satoshis
- 1 mBTC = 100,000 Satoshis
- 1 μBTC (microbitcoin) = 100 Satoshis
Check Current Bitcoin Price
Bitcoin has spawned many other alternative coins, termed as Altcoin. Most are speculative and very risky. When investing in altcoins, be aware of churn and burn cryptocurrencies. Pump and dump tactics aplenty to mislead.