Is bitcoin a currency?

Bitcoin is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS). Bitcoin is the world’s first decentralized cryptocurrency – a type of digital asset that uses public-key cryptography to record, sign and send transactions over the Bitcoin blockchain – all done without the oversight of a central authority.

What is Bitcoin (BTC)?

Sponsored by What's this? What Is Bitcoin? Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions.

What is bitcoin & how does it work?

Unlike fiat currency, Bitcoin is created, distributed, traded, and stored using a decentralized ledger system known as a blockchain. Bitcoin and its ledger are secured by proof-of-work (PoW) consensus, which is also the "mining" process that introduces new bitcoins into the system. Bitcoin can be purchased via various cryptocurrency exchanges.

Where to buy bitcoin?

The current CoinMarketCap ranking is #1, with a live market cap of $685,197,731,073 USD. It has a circulating supply of 18,726,212 BTC coins and a max. supply of 21,000,000 BTC coins. If you would like to know where to buy Bitcoin, the top exchanges for trading in Bitcoin are currently Binance, Huobi Global, OKEx, CoinTiger, and ZG.com.