Bitcoin

Bitcoin creator, Satoshi Nakamoto, launched the premier digital currency in 2008 with a supply cap of 21million (21,000,000) coins in sharp contrast to the unlimited printing of fiat dollars by the Fed, and its inherent inflation which ultimately led to the economic collapse of 2008. Currently, there are about 19 Million Bitcoins in circulation, and with 900 new bitcoins being added per day, there are just under 2 Million Bitcoins left to be mined.

Although about 19 Million coins are currently in circulation, about 3-4 Million of those Bitcoins are estimated to be lost forever as a result of the owners' negligence in the case of lost private seed phrase. Sometime in 2140, the entire 21 Million Bitcoins will be released to the market, marking the 64th total halvings event.

It is never too late to jump on the Bitcoin train, you can buy Bitcoin securely today on exchanges such as Swapzone.

With Bitcoin’s impressive run so far since 2008, speculators and lovers of Bitcoin alike are always eager to put their optimism and conviction on display. Also, considering the innovation that Bitcoin has pioneered in the world of technology and finance, there seems to be no limit to how high Bitcoin could go in terms of price and market capitalization.

Furthermore, Bitcoin has shown tremendous growth and tenacity over the last decade, evident in the recent corporate race to include Bitcoin on several companies’ balance sheets as an inflation hedge. Therefore, as more corporate investment pours into Bitcoin, the more likely that Bitcoin continues to gain value in the crypto and financial market.

Some experts have predicted a Bitcoin market cap of $18.5 Trillion in the next 10 years while others expect it to reach an euphoric $1 Million per BTC. However, if history is any guide, Bitcoin could experience volatile pullbacks from time to time before reaching the lofty heights predicted by analysts. You can get in position early to reap the maximum benefits Bitcoin provides by buying BTC on our exchange platform today.

Click here to know more about Bitcoin’s future price prediction

Satoshi is essentially the smallest Bitcoin unit and it is named after the digital currency’s pseudonymous founder, Satoshi Nakamoto. Similar to other world currencies like the US Dollar, Japanese Yen, and others that can be broken down into smaller units e.g. cents in the case of the dollar. The satoshi unit represents one hundred millionths of one Bitcoin, making smaller transactions with Bitcoin possible and easy to understand.

For further analysis, 1 Bitcoin equals 1000 mBTC (milli-Bitcoins), 1 µBTC (micro-Bitcoins), and 100 Million Satoshis.

1 satoshi = 0.00000001 BTC
10 satoshi = 0.00000010 BTC
100 satoshi = 0.00000100 BTC
1,000 satoshi = 0.00001000 BTC
10,000 satoshi = 0.00010000 BTC
100,000 satoshi = 0.00100000 BTC
1,000,000 satoshi = 0.01000000 BTC
10,000,000 satoshi = 0.10000000 BTC
100,000,000 satoshi = 1.00000000 BTC

Satoshis become important just like cents when you need to send a small amount of Bitcoin to another party, especially since most transactions in the market are less than 1 Bitcoin. You can buy and swap as low as 0.0001* BTC on the Swapzone platform.

*Depending on a currency and market situation

Recently, the U.S. tax law classified Bitcoin and other cryptocurrencies as property, making them subject to capital gains taxes. However, you are only obliged to pay the taxes if you realize gains on your BTC trades. If you never sell your Bitcoin then you do not owe the government any taxes – just as in the case of stocks and other capital assets.

For more information, you can use this IRS worksheet to work out your taxes. For single filers who earn less than $40,000 per year, the capital gains tax rate is 0%, and 15% to 20% if you earn more than that. Although the IRS acknowledges massive underreporting of crypto gains, they are prepared to go after this niche in the coming months.

In addition, the IRS expects you to pay on your Bitcoin capital gains if you choose to use it to purchase items above $40,000 – say a Tesla. Check out more on taxes and Bitcoin here.

Bitcoin is a digital currency that exists only in the digital world. However several companies in various industries such as luxury, services, food and beverages, payment services, online shops, travel, auto manufacturers, theaters, software, gaming, sports, gambling, and charities are getting with the times by accepting Bitcoin as a form of exchange for their goods and services.

Bitcoin provides fast and secure transactions, so it is understandable why some merchants and stores prefer the Bitcoin way. Also, companies bypass intermediaries and incessant banking fees by choosing Bitcoin.

Some examples of prominent companies that accept Bitcoin as a form of payment include Microsoft, Overstock, Home Depot, Namecheap, Starbucks, Whole Foods, NewEgg, Tesla, Dallas Mavericks, NordVPN, PlayStation Network, Wikipedia, AMC Theaters, BMW, Lamborghini, Goldman Sachs, AT&T, and more. To be among the early adopters who transact with Bitcoin, head over to our exchange platform to buy or swap Bitcoin today.

On average, the confirmation time for a BTC payment is about 10 minutes. However, the transaction time varies depending on several factors including total network activity, hash rate, and transaction fees. During times of high volume transactions, as seen in April 2021 when Bitcoin gas fees reached more than $59, the network becomes congested with a backlog of thousands of transactions in the Mempool, causing users to pay more in transaction fees to move their transaction to the front of the queue.

When sending Bitcoin, it is crucial to incentivize miners to include your transaction in the next block, especially during high transaction times. Bitcoin transactions depend on verification by miners, and it takes about 10 minutes for new blocks to be mined – recording one confirmation. After every new block is mined, your transaction gains a new confirmation. Many services require between 1 and 6 confirmations to consider a transaction final. Head over to our exchange to swap and receive your Bitcoin within minutes.

Bitcoin was created in 2008 by a pseudonymous inventor, Satoshi Nakamoto. However, the currency itself was launched to the public on Jan 4th, 2009, when the first bitcoin block was mined and recorded on the blockchain.

Bitcoin was created as a direct response to the financial crisis of 2008. The global financial system was in a lot of trouble with the central banks caught in the middle of quantitative easing on a massive scale and having to hand out huge bailouts at no interest rate. To prevent a repeat of the crisis, Nakamoto saw Bitcoin as an equivalent to hard money like gold and silver that would be out of the control of central banks and government.

Join the growing number of Bitcoin holders who hold a hard currency that is out of the reach of government control by heading over to our website to buy Bitcoin or swap your other cryptocurrencies for Bitcoin.

Bitcoin and Ethereum are the two largest cryptocurrencies by market capitalization, with the current total Bitcoin market cap valued at more than $810 Billion and Ethereum at about $390 Billion. Both currencies are secure, decentralized, and impossible to counterfeit.

However, the Bitcoin vs Ethereum argument has been getting more attention these days because of the increasing functionalities that Ethereum provides its users with, especially in the fast-growing web3. While Bitcoin is only a digital payment structure, Vitalik Buterin, Ethereum’s founder, improved upon the characteristics of Bitcoin and its blockchain technology with added functionalities like decentralized applications and smart contracts. Also, the differences between Ethereum and Bitcoin span concepts, mining, fees, transaction time, and hashing algorithm.

As a result, the answer to the question of which crypto is better between Ethereum and Bitcoin rests on your sentiments. In sum, Bitcoin works best as a secure payment and transaction system out of the reach of central authorities while Ethereum works better if you are interested in smart contracts, web3 and DeFi. If you are interested in buying or swapping ETH for BTC, head over to Swapzone to get them right now.

There are a lot of reasons to consider investing in Bitcoin. The digital coin was introduced by Satoshi Nakamoto as a solution to the future economic crisis. According to experts, Bitcoin represents more than just a digital protocol and reflects a fundamental shift in the global monetary policy. Most financial analysts posit that Bitcoin allows you to regain control of your finances with sound money free from the manipulation of banks and governments.

Because the supply of Bitcoin is limited and built into the core protocol of the Bitcoin blockchain, the coin is safe from inflation. Also, with the growth of the cryptocurrency market, Bitcoin’s market capitalization is expected to keep increasing and stay relevant for years to come.

Another incentive to invest in Bitcoin is the recent influx of capital investment from institutional investors and large companies like Microstrategy and Grayscale. Get ahead of the curve and invest some of your fiat reserves for a mean annual return of 93.8% by swapping them for Bitcoin on our exchange platform.

*Every investment decision involves risk of loss. The content of this website is informational only and should not be considered investment advice.

Yes, you can buy as little as one satoshi, which is one hundredth million of one Bitcoin (amounting to 0.00000001 BTC). Your fractional Bitcoin shares increase in value along with the entire Bitcoin value and you have nothing to worry about.

The satoshi Bitcoin unit was named after the pseudonymous founder, Satoshi Nakamoto. In simpler terms, you can buy as little as $1 in Bitcoin from some exchanges through service fees, and gas fees might make it a little bit more complicated. Therefore, we advise you to have at least $50 before deciding to buy a part of a Bitcoin.

If you believe in the future of Bitcoin and the crypto market, then now is the best time to start investing a part of your net worth in Bitcoin. If you want a censorship resistance digital currency that hedges against inflation and preserves your wealth then you can buy as much as you like* on our exchange platform today.

*Depending on a currency and market situation

There are several ways to bypass cryptocurrency exchanges when buying Bitcoin. Three of the ways to do these are Peer to Peer trades, visiting Bitcoin ATMs installed around American cities, and buying Bitcoin through Exchange Traded Funds (ETFs).

However, it is not easy for beginners to easily master these systems – and sometimes highly risky – and that is why you should ensure you are familiar with these methods of buying before committing to any of these exchange strategies. Either way, make sure to stack your sats as a hedge against inflation and the much-touted fiat apocalypse. Head over to our platform today to buy and swap Bitcoin securely.