Live Bitcoin price, Bitcoin price history and procedure to buy Bitcoins online The world is in a frenzy these days because of cryptocurrency mammoths such as Bitcoin. While enthusiasts are heralding the new form of currency, common people are still confused about bitcoins. Though everyone saw the bitcoin price touching great heights recently, only a few were able to buy bitcoins in reality. Before giving you details about the live bitcoin price and enlightening you about the easiest way to buy bitcoins instantly, let us brief you about the history of bitcoin.
Bitcoin is an electronic currency without any central server or authority. The e-currency is based on cryptographic proof and blockchain technology. Bitcoins are generated using an open-source computer program created by a Japanese programmer with the pseudonym - Satoshi Nakamoto. In 2009, the programmer published online proofs regarding Bitcoin and made the currency public.
The Bitcoin system was developed and designed by combining the powers of P2P network technologies, digital signatures, cryptographic techniques, etc. The first 50 bitcoins were mined in January 2009 and the currency soon became popular before being busted as a tool to buy illicit stuff online. But in 2013, Bitcoins remerged on the digital landscape when a leading wallet service sold $1 million in Bitcoins in one month. Since then, bitcoin has been trending and people in the financial domain are studying bitcoin price trends with keenness.
In December 2017, Bitcoin touched a record high of $19,783+ and sparked a new trend of tracking price of one bitcoin round the clock. From basically $0 in 2009 to crossing $19000 in Dec 2017, bitcoin price evolution chart has seen multiple ups and downs with bitcoin price trending on the positive side for the past 1 year. Bitcoin is a highly volatile currency and to know the latest bitcoin price, you can use any bitcoin exchange service such as CryptoIdol or price charts available on the public domain. You can also use a bitcoin price tracker to track bitcoin real time price.
If you wish to ride the bitcoin growth wagon, you should also buy bitcoin for yourself. No matter how technical the whole cryptocurrency universe may sound, buying bitcoin is really easy with the help of a bitcoin exchange. You can buy bitcoin through a bitcoin exchange and store them in your bitcoin wallet. Using a bitcoin exchange to buy bitcoin locally is one of the fastest, easiest and safest ways to buy bitcoin online. You can choose to buy bitcoin using your local currency in any quantity you wish to purchase. A bitcoin exchange such as CryptoIdol facilitates buying bitcoin with ease and help you take advantage of bitcoin price surge.
There are a number of benefits of bitcoin over conventional payment methods
Bitcoin transaction costs are way lesser than traditional transaction methods like Bank transactions and Credit card companies.
Bitcoins can been accessed by anyone. It does not require any special technical skills to make use of bitcoins. All you need is a computer and an internet connection to use bitcoin.
Bitcoin transactions are private. You can receive and send bitcoin payments without them getting tracked.
The value of bitcoin has increased enormously over the years. Hence, investment in bitcoin can be fruitful.
One can use bitcoins to receive and send payments to anyone in the world.
You can make bitcoin payments without having to go to the bank