Trade BTC - BTC Markets, Exchanges, Broker
Bitcoins has been a very successful virtual currency on the Internet since 2008. Probably the biggest advantage of Bitcoins is that the payment system is absolutely independent of banks and states.
Especially in times of economic crises and general scepticism on the part of the population, such a decentralised payment system is becoming increasingly important.
With Bitcoins you can basically do everything you could do with a "normal" currency: You can trade by buying or selling Bitcoins or by earning virtual credit by mining yourself. Meanwhile there is even an own Bitcoin stock exchange. But how can you imagine the Bitcoins in detail, what is behind it and how can you buy Bitcoins?
The virtual monetary unit Bitcoin has no fixed countervalue. This means that the value of the Bitcoins depends exclusively on the respective relationship between supply and demand.
It is also important to know that Bitcoins are only virtual in nature. In principle, there is no physical money "to touch" (exception: Bitcoin coins). But how exactly can you imagine the Bitcoin system?
Bitcoins: What are Bitcoins?
Bitcoin Logo This is a payment system based on a peer-to-peer connection that is provided exclusively on the Internet. This means that no bank or third party is involved, but that all activities are based on a computer-to-computer connection.
The idea around Bitcoins was first developed in 2008 by a person under the pseudonym Satoshi Nakamoto. Bitcoin can be used all over the world. The system is now also available for mobile devices such as smartphones and tablet PCs.
The Bitcoins are scooped exclusively from a computer network and are also managed here. The Bitcoins are popular above all because this Internet currency is completely independent of state and banks. In addition, there is the fact that one remains anonymous in principle with the activities with the currency.
The credit balance that each individual user can dispose of is stored in a kind of digital wallet and can be easily transferred to other users worldwide at any time.
Explanation: How trading with Bitcoins works
In principle, it is possible to transmit Bitcoins to another user at any time with just a few clicks. A pseudonym is used for this purpose. Important: Once a transaction has been made, it cannot be reversed afterwards. For each transaction, a small minimum fee is due on a mandatory basis.
This is currently 0.00001 Bitcoins. However, if you only pay this minimum fee, you may have to expect that the transaction will take considerably longer. The situation is different if the fee is increased voluntarily. In this case, a transaction rarely takes longer than five minutes.
In order to be able to guarantee the highest level of security in Bitcoin trading, the operators work with an extremely secure encryption system. Sooner or later, when looking for a contact point for trading Bitcoins, you will come across one of the many existing Bitcoin exchanges.
Mt.Gox is just one of many stock exchanges to choose from. When choosing a Bitcoin exchange, however, you should make sure that it has sufficient experience and that it works seriously. For example, the Bitcoin24 exchange, which is now no longer accessible, is currently under suspicion of fraud.