• Sun. Jun 13th, 2021

Bitcoin Value

Bitcoin value
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Bitcoin Value

What is Bitcoin ? Bitcoin (BTC) is a cryptocurrency that was released in the form of open source software in 2009. Bitcoin can be bought and sold directly using an Internet-connected device without going through a financial institution. intermediate goods.

Bitcoin Value
What is Bitcoin

Who is the father of Bitcoin

Bitcoin is a new, virtual currency created in 2009 by a mysterious user named Satoshi Nakamoto. Transaction purchasing Bitcoin is done without intermediaries, that is to say no banks! On May 22, 2010, now known as Bitcoin Pizza Day, a man named Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two Papa John pizzas, compared to the Bitcoin News Feed rate writing the Bitcoin number. that’s worth 75 million dollars.

Maximum amount of Bitcoin

The total Bitcoin supply that can be created is 21 million BTC. No one will be able to change this number, even the founder is Satoshi Nakamoto, so it helps Bitcoin become an anti-inflation currency. The amount of Bitcoin in circulation around the world right now is 17,082,100 BTC, which means there are only about 4 million BTC left untapped.

What is the unit of Bitcoin: Bitcoin Value

What is the unit of Bitcoin ? The unit of Bitcoin is Satoshi, taking the name of Bitcoin founder Satoshi Nakamoto.
The exchange rate for BTC / Satoshi is 1 BTC = 100,000,000 Satoshi, so Bitcoin can split the amount of money in the transaction. People can refer to the image below:

Bitcoin Value
What is the unit of Bitcoin

What is a Bitcoin wallet

What is a Bitcoin wallet ? Bitcoin wallets are like wallets we use every day, this is a place to store Bitcoin, receive and send Bitcoin. To use Bitcoin of course we must have a Bitcoin wallet to store. Bitcoin wallets are divided into many types of cold wallets, paper wallets, online wallets or exchange wallets. People can use wallets directly on major exchanges like Bittrex, Binance, Poloniex … Or use online wallet on Coinbase.com web or Blockchain.info .

Alternatively, use the wallet on desktop software, or with a phone like Jaxx wallet . Or use cold wallets to store Bitcoin safely such as Ledger Nano S , Trezor and KeepKey …

Bitcoin wallet on computer

Top 3 types of Bitcoin computer wallets recommended by Bitcoin.org :

Bitcoin wallet on mobile phone

Top 5 types of Bitcoin mobile wallets recommended by Bitcoin.org:

What is a Bitcoin Hard Fork

What is a Bitcoin Hard Fork ? The Bitcoin HardFork is a software update that forces users to grant software to continue using the Bitcoin network in order to patch, or upgrade important features for the Bitcoin network including new development solutions. In addition, it is not possible to reverse a HardFork, except in the case of a HardFork failing, the program will revert to the old version.

What Bitcoin value and is there a scam

Bitcoin is not a scam, are bad people using Bitcoin to cheat people. Currently, Bitcoin currency has been accepted and supported by major countries and considered legal as Japan, Canada, USA … See picture below:

Bitcoin Value
Countries that accept Bitcoin virtual currency

Green: legal, supports Bitcoin
Yellow: legislation does not ban but does not support
Red: legislation bans
Black: unknown

Looking at the picture above, you can see that Bitcoin is still a hot issue for many countries and with a multitude of mixed opinions.

What is Bitcoin Value Block Explorer

What is Bitcoin Block Explorer? Bitcoin Block Explorer is a tool that allows users to look up information about Bitcoin blocks, view wallet address, hash power, transaction data and other important information on the Bitcoin Blockchain. You can refer to the following Bitcoin Block Explorer:

Does USA prohibit buying and selling Bitcoin

In most countries Bitcoin is not banned but also not recognized and supported. Everyone who uses Bitcoin should be careful not to use Bitcoin as a means of payment. 

THE STATE BANK DOES NOT ALLOW BITCOIN AND VIRTUAL CURRENCIES TO BE A GROUP OF LEGAL MEANS OF PAYMENT IN VIETNAM; ISSUING, SUPPLYING AND USING BITCOIN AND OTHER SIMILAR VIRTUAL CURRENCIES AS A MEANS OF PAYMENT IS NOT PROHIBITED IN USA.

How to buy and sell Bitcoin

The current Bitcoin trading in USA is still difficult for newcomers. So there are always questions like how to buy and sell bitcoin? We buy and sell Bitcoin on international exchanges, exchanges in USA, payment via banks, East Asia, Asia … Or you can buy and sell through intermediaries or directly, the liquidity of Bitcoin. Very high and the demand for buying and selling Bitcoin in Vietnam is huge.

Exchange of Bitcoin Internationally

Major international Bitcoin exchanges are favored and used by many such as:

  • Buying and selling Bitcoin on Binance ( USDT / BTC ): is currently very popular and used by Vietnamese brothers because of cheap fees
  • Buy and sell Bitcoin on Bittrex ( USDT / BTC ): the US Bitcoin exchange is easy to use, safe and secure.
  • Buy and sell Bitcoin on Poloniex ( USDT / BTC ): used to be one of the biggest exchanges, support very badly now
  • In addition, people can buy and sell Bitcoin on other exchanges such as: Bitfinex, OKEx, HitBTC, Cryptopia, Huobi, OKCoin …

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