What is Bitcoin?

Bitcoin (BTC)

Launched in 2009, Bitcoin is the first decentralized currency that is independent of conventional intermediaries such as banks and the government for making financial transactions. With prices soaring, Bitcoin has evolved into a lucrative and rewarding investment opportunity.

However, Bitcoin (₿) was launched by Satoshi Nakamoto, a name used by a person/a group of people who are still anonymous. 

Here we've come up with a few facts about Bitcoin

  • Bitcoin is the first digital currency created.

  • A total of 21 million Bitcoins have been digitally issued to date.

  • Do you know 6.25 Bitcoins are created & distributed into circulation, in just every ten minutes?

  • Since the Bitcoin code is open-source, anybody can download it.

  • As Bitcoin is a decentralized currency, there is no government interference.

  • Users can transact end-to-end without any intermediaries or financial institutions.

  • Each Bitcoin is recorded in a digital ledger known as Blockchain.

  • The computers verify Bitcoin transactions.

To learn more about crypto check What is Crypto?, Trusted site to buy Bitcoin or Buy Bitcoin.

Convectional Money Transactions

To send and receive fiat currencies such as Euro or USD, both the banks and authorized financial institutions are responsible for confirming the transaction and managing funds.

Bitcoin Transactions

To send and receive Bitcoins, there is no central authority or bank that processes the transaction. A princess known as Bitcoin mining confirms every Bitcoin transaction.

Check TOP 3 best and trusted exchanges to trade and buy Bitcoin




  • Trade over 120 cryptoscurrencies

  • 5 million daily users 

  • Trading fees : 0,4 - 0,1%

  • Buy Bitcoin with debit/credit card

  • The world's largest crypto exchange

  • Trade over 210 cryptocurrencies 

  • 12 million daily users

  • Trading fees: 0,1 - 0,2 %  

  • Buy Bitcoin with debit/credit card

  • Trade over  30 cryptocurrencies

  • 2.5 million daily users

  • 100 - 300 million daily trading  volume

  • Trading fees: 0,42 - 0,1 % 

  • Buy Bitcoin with debit/credit card



by www.consulting24.co

Launched in 2017 by Changpeng Zhao, Binance is a globally trusted crypto trade platform with the most competitive rates. The Hong Kong-based exchange allows crypto investors from around the world to sign up and start investing right away. According to Coinmarketcap, Binance is in the list of top ten exchanges with the highest trade volume. The exchange facilities crypto-to-crypto exchange, no fiat currencies.

The classic interface provides a holistic view of the market to guide you to make a rewarding investment. Advance charts tools help in the strategic planning of your investment portfolio. Binance allows us to invest in over 210 different types of digital currencies. The exchange accepts only crypto deposits. It has a trading fee of 0.1 - 0.2%.

  • Binance has the lowest transaction fee of 0.1 to 0.2%.

  • 20+ million crypto investors trust Binance.

  • Binance has the biggest trading volumes of 10-12 billion per day.

  • Stores over 320,000 Bitcoins of its users.

  • Supports over 180 different cryptocurrencies

  • You can buy Bitcoin using your credit/debit card.

  • You can earn staking bonuses for over 23 digital currencies.

  • Binance maintains a SAFU fund, in which 0% of the trading profit can be deposited for an emergency fund in an event such as hacking.

  • Doesn’t accept fiat currencies.

  • Limited choice of cryptocurrencies.


by www.consulting24.co

Haubi Global is an internationally renowned exchange, founded in China in 2013 by Oracle engineer, Leon Li. At present, this crypto exchange has over five million users. The company has more than 1,300 employees and established subsidiary companies and partner companies in 12 countries, including the USA, Japan, Gibraltar, Thailand, etc. The exchange processes approx 2-5 billion in trades daily. In 2014, Huobi raised a $10 million venture capital investment from Sequoia Capital.


Houbi Global ecosystem native token HT ( Huobi Token) has grown from 1.52$ ICO price to over 4$.

  • 2-5 Billion Daily Trading Volume

  • Over 5 Million Users

  • Having More Than 235 Currencies 

  • Holds over 420 000 users Bitcoins

  • Buy Bitcoin via Debit/Credit Cards

  • Support Over 130 Countries

  • Up to 8% Transaction Fee With Debit Card

  • Buying Bitcoin Via Wire Not available


by www.consulting24.co

Launched in 2013, Kraken is one of the world-leading crypto exchanges. Today, over 2.2 million users trust this crypto exchange to buy, sell, trade, and learn about cryptocurrencies. You can buy Bitcoin via SWIFT, SEPA, and bank wire. Kraken is available in more than 180 countries.

  • High Liquidity. 

  • Support over 180 countries

  • Supports over 34 different cryptocurrencies

  • 100 - 300 million daily trading volume

  • Adheres to High-Security Standards 

  • Staking ( Tezos, Bitcoin, EUR, Dollar)

  • Kraken OTC

  • No Proper Customer Support

  • High Trading Fee: 0.42 - 0,1 -%

We receive an affiliate commission when you Bitcoin via our link. We use this money to maintain our team, including developers, marketers, and crypto, to provide you with the most updated information.

Cryptocurrency Risks

High Volatility

The prices of cryptocurrencies are highly volatile, one day, it goes up, and the very next day, the prices slip. Bitcoin can drop approx 1000 USD in just one hour. So, invest what you are ready to lose.

Lots of scammars

It is highly recommended not to share your account access and private keys with anyone. If possible, opt for 2-nd authentication: email, SMS, or Google authentication. A pro tip for storing your fund safely is to have a second hand that always stays offline; it must be used to keep passwords/google authentication.

Skyrocket Transaction Fees

Some cryptocurrency exchanges charge high transaction fees, and first-timers fall prey to them. So, watch out before you purchase Bitcoin.

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The website is only for the educational purposes. The website does not constitute the provision of any financial or investment advice in connection with the use of the website. You should consult with a financial or investment professional to understand the risks of cryptocurrencies. You should not invest more than you are ready to lose. We don't guarantee you any trading profit.  BuyBitcoin24 doesn't offer legal services or company registration in Estonia. You can contact our legal team via website www.consulting24.co.​ We receive an affiliate advertising commission from crypto exchanges and Bitcoin wallets.