Bitcoin is a coin that uses peer-to-peer technology. The technology that has no third parties that are connected to the financial offices and needs a pseudonym. BTC cannot be traced and has no financial fees unlike the real currency, however, it doesn’t exclude transaction fees.
All of these points also make Bitcoin one of the ideal currencies for the exchange of an investment in it. Because of its security, pseudonymity and other things more people support bitcoin, making it quite stable in terms of its value and rate.
Bitcoin is a cryptocurrency that was first introduced in October 2008. It all started with a whitepaper published by an anonymous developer going by the name Satoshi Nakamoto. Whitepaper is a kind of report given by the creator with the idea of getting people to know the concept and mechanisms of the given blockchain-based crypto coin. In terms of crypto, blockchain means a whole structure that has specific information (the block) stored in a ‘’chain’’ that is the public database. Blocks consist of information about time, date and amount of a transaction and have a unique code called a hash. That hash allows us to tell apart two blocks ‘’created’’ at the same time and lets the block gets added into the chain.
Most importantly is that whitepaper gave the idea of the transactions with no financial parties involved in the operation and with a clear network so that the fact of transaction can be seen. The main features of BTC as a cryptocurrency are:
But there might be a question arising — are bitcoins safe? To which there’s an answer — it is, most of the time. Not only the person making transactions guarantees security, but also bitcoin itself has some strong sides regarding security, some of which were mentioned above. Some people may be confused by the fact that all the transactions are transparent and available to other people to see. But that fact only ensures the safety of bitcoin, making it impossible to fraud or scam anyone. However, there might be some difficulties during different periods. Bitcoin is still an experimental cryptocurrency and has many possibilities to improve. But with every possibility come challenges that might slow down the process of confirmation. Or, maybe, the transaction fees might increase. However, it’s all a part of a big process that has been going literally over a decade. Such things as transparent transactions and somewhat unstable markets might scare people off at first. But the latter point is a normal thing for every market. Including popularity, transparency and usage in daily transactions it’s predicted that the bitcoin value might reach around $50000 in 2023.
In other words, people who trade Bitcoin have a short-term interest in it and are able to make money via selling the currency, while those who invest in it see the long-term potential of it, including growing rates that affect the value itself.
Some people may think about bitcoin value, to which there’s no particular answer. The currency of it can dramatically rise just as it happened in 2017 when BTC spiked from $1000 to $19000. Yet now that sort of instant growth hasn’t been seen. The price of BTC alone is dependent on different factors, such as the size of the network that mines it. It takes more time and money to mine, therefore the cost of producing new bitcoins also rises. Right now the BTC value stays around $8000 to $9000 per bitcoin. Yet it is quite rare to get a hold of a whole bitcoin — it’s rather divided into smaller amounts, up to a hundred-millionths of a bitcoin.
For some people trading can be a better option to acquire bitcoin is to use exchange platforms. For instance, if a person already has any other cryptocurrency and all that they need is to find the most suitable exchanger for that, and many platforms are able to help to find that match, just like Swapzone that aggregates offers from notable platforms and also offers to choose the best course and the most fitting exchange rate. There might be many reasons why a person would be interested in exchanging one currency to another — in terms of Bitcoin it might be the stability of currency, the long-term prognoses that predicts an uptrend and also it still has the dramatic influence over the crypto market, and basically, the rates of bitcoin might be one of the most stable in a current time, hence all of the good prognoses.
There’s absolutely no way to find the perfect cryptocurrency or tell whether it’s a good time to invest in Bitcoin or any other currency. Yet many strong points are supporting Bitcoin’s stance as one of the most secure, reliable and recognized cryptocurrencies. The whole history of it, starting from the whitepaper and continuing with its major spikes and other events has a lot to offer. It states the fact that there are a lot of reasons why people choose Bitcoin, not to mention the security aspect. There is way more to unravel about the mining process, forks, spikes and other moments. Not to mention the amount of news considering bitcoin, that get published in really short periods, and that would be impossible to cover it all. Yet it’s possible to find the exchanger that you might like and that would be the best for you. The way it can be done is through analyzing different aspects of numerous exchangers — especially the speed of exchange, the anonymity of users and their reviews. All of these aspects combined would make finding the best-suited exchanger easier and more efficient. These processes are made easier by using exchange platforms, that can show rates of other exchangers, helping you choose the best one.
Swapzone accumulated all the convenience of a swapping service along with the best rate option and safety of the whole process of the exchange. There is no need using any supporting documentation, nor registration in the system.
To exchange Altcoins to Bitcoins with us is as simple as that: