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How to define Bitcoin in simple terms? This is a new generation of decentralized digital currency, created and working only on the Internet. No one controls it, the emission of currency occurs through the work of millions of computers around the world using a program for calculating mathematical algorithms. This is what Bitcoin is all about. Physically, this currency does not exist, there are only special electronic registries that keep records of how many Bitcoins someone has and who transfers them, and where they are addressed. These registers are called blockchains. Bitcoin is also called a cryptocurrency or an electronic payment system similar to Visa and MasterCard.

In recent months, the value of Bitcoin has continued to rise when many well-known companies, including the car manufacturer Tesla and Mastercard, announced their support for the cryptocurrency. But the mining of cryptocurrency requires huge energy costs, and this can become a serious obstacle to expanding its implementation area. Some experts even believe that Bitcoin’s high energy output threatens its stability. We’ve all heard about Bitcoin millionaires. Now Elon Musk has joined their list. In early February 2021, his electric car company Tesla made a paper profit of more than $ 900 million, investing $1.5 billion in cryptocurrency. Tesla’s support helped push the cost of Bitcoin to skyrocketing heights up to more than $ 58,000 and its current rate is $ 58,684.10.

At the moment, there are more than 4 thousand cryptocurrencies, they are also called altcoins. From time to time, some of them appear, others do not withstand competition and disappear from the market, but Bitcoin has been a pioneer and earned trust.

Binance Coin (BNB) is one of the most unique coins currently available and many leading crypto experts believe it has a prospective future. Although many other crypto trading platforms, following Binance, began issuing their own tokens, none of them has succeeded in repeating the success of Binance Coin. The coin allows saving on payment of fees and can be exchanged for almost any other asset. BNB coin is the native token of the Binance Chain blockchain, which is a simple, peer-to-peer system with high throughput and scalability. In early 2021 it burst into the TOP-3 cryptocurrencies, displacing Tether. Binance Coin’s (BNB) current rate is $ 387.6. Altcoin’s market valuation has surpassed $ 61.54B. The gap from the closest competitors such as Bitcoin and Ethereum still remains large. The market capitalization of Bitcoin has exceeded $ 1.1 trillion, according to data from CoinMarketCap.

However, as the world’s dependence on the Internet grows, so does the interest in investing in Bitcoin. Investors see it as a new and promising type of asset. By spending some time and effort diving into the topic, you can increase the likelihood of a good outcome for your capital.

There are several ways to invest in digital assets. The first one is through cryptocurrency exchanges such as Binance, Bitfinex, Exmo, and others. To do this, you need to create an account on them and transfer money to it. However, exchanges charge a commission for depositing funds, on average it ranges from 3% to 5%.

Using exchange services is an alternative way to purchase cryptocurrencies. They make it possible to buy and sell digital coins using bank cards, electronic payment systems, and cash. Often, exchange services charge a lower commission for the purchase of cryptocurrency than exchanges, which are from 1% to 3%. However, storing cryptocurrency purchased using such services, you still need to have an account on the trading platform or a crypto wallet.

If you want to exchange Binance Coin to Bitcoin then BNB to BTC conversion on Godex exchange is the best option. Godex exchange service protects customers from sudden market movements. When placing an order for the purchase or sale of cryptocurrency, the rate at which the transaction will be carried out is fixed for a certain period: for the execution of the application and for the transfer. This option can be used in order to buy or sell cryptocurrency during strong fluctuations much more profitably compared to the market rate. As a rule exchange services take their interest in transactions as payment for services. And this percentage lowers the potential revenue. In the case of Godex, the commission fees are minimal.

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