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Learn about Bitcoin's price and how to buy it

Learn about Bitcoin's price and how to buy it

Over the past few days, the value of Bitcoin has increased in an unprecedented way in the history of digital currencies, as the currency's price approached the level of $ 40,000.

Learn about Bitcoin's price and how to buy it

In recent months, this currency has witnessed a remarkable increase of dealers and investors, considering it a safe haven for investment, especially in light of the second wave of the Corona pandemic, so we review in the following lines all the information about Bitcoin, its price, and how it can be bought if desired.

What is Bitcoin?

A digital currency secured by encryption, it originated 12 years ago in 2009 by a person named Satoshi Nakamoto, but his identity is unknown, and the currency was introduced in order to be used in payments that are not subject to control by the government, or to transaction fees.

It is a virtual digital currency that has no paper, tangible thing or physical existence, but rather is electronic, and it is traded via the Internet.

Bitcoin currency, it is not issued by any central bank, is not subject to the supervision of any regulatory authority, nor is it controlled by any central authority.

The currency's operation and circulation depends on thousands of computers in various countries of the world, which verify the correctness of transactions and add more Bitcoins to the system.

There are many other virtual currencies, and each currency has its own advantages and applications, and there are competitors for Bitcoin in the form of Ether and Bitcoin Cash, in addition to Litecoin, Ripple and Dash.

How to buy Bitcoin?

Many markets allow people to buy or sell bitcoins using different currencies.

There is a private exchange for dealing in that currency called "Coinbase".

There are several ways to buy this currency, as Bitcoin can be bought through fiat currencies such as the dollar, either through the official Bitcoin trading website.

The payment is through Visa and the user is required to own a Bitcoin wallet, or through the peer-to-peer trading platform “BCH”, or through an existing seller of it and send it to the wallet.

The price of one Bitcoin coin is 544,975 Egyptian pounds.

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