Bitcoin Price

Track Bitcoin Price Today, Live BTC Price Chart & Market Cap

Bitcoin is featured as the #1 crypto for long-term investors. Read more ?

Loading...

FROM BTC
TO USD

Bitcoin Price Live Data

24H Range
$?92,346
24H Range
$?97,750
52W Range
$?36,252
52W Range
$?97,750
ATH & ATL Range
$?0.05
ATH & ATL
$?97,841
Bitcoin Price$?97,284
Market Cap$?1.92T
Diluted Market Cap $?2.04T
24H Volume$?106.66B
Vol. / M. Cap Ratio 0.0554
Dominance 59.97%
ATH $?97,841 (-1%)
ATH Date Nov 21, 2024
ATL $?0.05
ATL Date Jul 17, 2010
Cycle Low $?96,716
Cycle High $?97,396
Circ. Supply 19.78M (94%)
Total Supply 19.79M
Max Supply 21.00M
Supply Inflation 1.21% (Low)
Volatility 12.01% (Very High)
PlatformBTC
Release Date Jan 3, 2009
Fear & Greed Index 82 (Extreme Greed)
Sentiment Bullish
Show more ↓

Bitcoin price today is $?97,284 with a 24-hour trading volume of $?106.66B, market cap of $?1.92T, and market dominance of 59.97%. The BTC price increased 5.16% in the last 24 hours.

Bitcoin reached its highest price on Nov 21, 2024 when it was trading at its all-time high of $?97,841, while Bitcoin's lowest price was recorded on Jul 17, 2010 when it was trading at its all-time low of $?0.05. The lowest price since it's ATH was $?96,716 (cycle low). The highest BTC price since the last cycle low was $?97,396 (cycle high). The Bitcoin price prediction sentiment is currently bullish , while Fear & Greed Index is showing 82 (Extreme Greed).

Bitcoin's current circulating supply is 19.78M BTC out of max supply of 21.00M BTC. The current yearly supply inflation rate is 1.21% meaning 235,991 BTC were created in the last year. In terms of market cap, Bitcoin is currently ranked #1 in the Proof-of-Work Coins sector and ranked #1 in the Layer 1 sector.

Highlights

  • Price has increased by 167% in the last 1 year
  • Outperformed 74% of the in 1 year
  • Outperformed
  • Trading above the
  • in the last 30 days (57%)
  • Trading near the all-time high
  • Has liquidity based on its market cap
  • Trading on KuCoin
  • Yearly inflation rate is

Risk Analysis

  • Is and may soon fall
See All Risk Checks

Bitcoin Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
BitcoinUS Dollar BTC/USD -0.23%5.16%8.20%43.97%59.77%41.48%130.35%167.19%70.18%1,249%194.57M%
BitcoinEthereum BTC/ETH 0.09%5.02%12.11%22.28%36.70%70.76%69.85%70.89%127.99%-35.09%--
BitcoinTether BTC/USDT -0.23%5.16%8.20%43.97%59.77%41.48%130.35%167.19%70.18%1,249%194.57M%

Bitcoin price in US Dollar has increased by 43.97% in the last 1 month. BTC is up 22.28% against Ethereum in the last 1 month.

Bitcoin Quarterly Returns

YearQ1Q2Q3Q4Total
2010----24.00%383.87%500.00%
2011158.03%1,889%-67.32%4.68%1,656%
2012-8.37%37.33%87.06%7.29%152.56%
2013681.71%-6.24%36.07%469.02%5,575%
2014-39.47%40.35%-39.67%-17.25%-57.59%
2015-23.73%7.72%-10.27%82.40%34.47%
2016-3.21%61.58%-9.45%58.06%123.83%
201711.21%131.47%73.88%225.61%1,357%
2018-50.45%-8.25%3.74%-43.43%-73.32%
201912.07%159.75%-24.03%-13.16%92.05%
2020-10.80%42.33%17.96%168.52%302.12%
2021103.02%-40.39%24.98%5.55%59.64%
2022-1.47%-56.23%-2.50%-14.86%-64.20%
202372.14%7.05%-11.52%56.80%155.64%
202468.62%-11.94%0.91%----
Average 69.24%160.97%6.92%98.08%700.95%

The top-performing year for Bitcoin was 2013 when the price of BTC increased by 5,574.72% from $?13.30 to $?754.97. The worst performing year for Bitcoin was 2018 when the price dropped by -73.32% from $?14,046 to $?3,747.29. The average yearly growth of Bitcoin over the last 15 years is 700.95% per year. Usually, Bitcoin performs best in Q2 with an average of 160.97% gain and worst in Q3 with 6.92% gain.

Bitcoin Price Closing History by Level

PriceDays Above% of Bitcoin's Life
$?97,841 ATH--
$?97,284 Price Now00.00%
$?90,00060.11%
$?80,000110.21%
$?70,000330.63%
$?60,0002625.00%
$?50,0004268.13%
$?45,00053010.11%
$?40,00068213.01%
$?35,00082315.70%
$?30,00093217.78%
$?25,000115021.94%

The table above shows the number of days which Bitcoin closed above a certain price level.

Bitcoin Price & ROI on this Date

DatePriceROI
Nov 21, 2024 Today$?97,284-
Nov 21, 2023$?37,449159.78%
Nov 21, 2022$?16,287497.32%
Nov 21, 2021$?59,67063.04%
Nov 21, 2020$?18,665421.20%
Nov 21, 2019$?8,101.951,100.75%
Nov 21, 2018$?4,502.472,060.68%
Nov 21, 2017$?8,211.561,084.72%
Nov 21, 2016$?731.0313,207.87%
Nov 21, 2015$?322.0230,110.35%
Nov 21, 2014$?357.8427,086.44%
Nov 21, 2013$?594.3216,268.95%
Nov 21, 2012$?11.77826,441.72%
Nov 21, 2011$?2.294,240,700.35%
Nov 21, 2010$?0.276835,145,839.31%

The table above shows the price and ROI of Bitcoin today and previous years on the same date (Nov 21).

BTC Exchanges

Bitcoin is being traded on 148 cryptocurrency exchanges, including Binance and KuCoin. $?106.66B worth of Bitcoin changed hands in the last 24 hours. If you wish to purchase BTC, check our guide on how to buy Bitcoin in 6 steps.

ExchangePrice Volume Action
Binance$?97,259$?11.19B$?97,259$?11.19B Trade Now
KuCoin$?97,229$?417.52M$?97,229$?417.52M Trade Now
Kraken$?97,235$?786.64M$?97,235$?786.64M Trade Now
Bybit$?97,254$?3.73B$?97,254$?3.73B Trade Now
OKX$?97,230$?1.93B$?97,230$?1.93B Trade Now
gate.io$?97,216$?636.99M$?97,216$?636.99M Trade Now
Binance Futures$?97,509$?1.70B$?97,509$?1.70B Trade Now
PrimeXBT$?97,237$?203.38M$?97,237$?203.38M Trade Now
Crypto.com$?97,240$?6.67B$?97,240$?6.67B Trade Now
Coinbase$?97,360$?2.61B$?97,360$?2.61B Trade Now

About Bitcoin

Invented in 2008 and launched in early 2009, Bitcoin introduced the world to the concept of cryptocurrency. Bitcoin was invented by someone using the pseudonym “Satoshi Nakamoto”, but it is still unclear whether this name represents one person or a group of people.

Bitcoin started off as a niche interest for cryptography and technology enthusiasts and eventually exploded in popularity, with the BTC price growing to thousands of dollars.

With Bitcoin’s rise in value and adoption, the technology that makes Bitcoin possible was started being leveraged for a number of use cases, leading to the emergence of crypto assets as an asset class—practically every cryptocurrency on the market today employs some of the concepts introduced by Bitcoin.

Here’s a quick summary of some of Bitcoin’s most important features:

  • The first decentralized digital currency
  • Extremely high security due to proof-of-work and blockchain design
  • Fully transparent history of transactions and predictable supply timeline
  • Only 21 million BTC coins will ever be created
  • Fully permissionless, anyone can participate in the network and send transactions

What is Bitcoin and how does it work?

Bitcoin is a peer-to-peer system that allows users to transfer value between each other without requiring a trusted third party to act as an intermediary. The design of the Bitcoin protocol prevents double spending and the arbitrary creation of new coins.

Bitcoin transactions are recorded in a fully transparent public ledger called the blockchain. Approximately every 10 minutes, Bitcoin transactions are batched into a “block” and added to the ledger. The blocks reference each other—this is where the “chain” part of blockchain comes from.

In order to ensure the security of the network, Bitcoin uses a Proof-of-Work algorithm. The process of facilitating transactions and creating new coins is referred to as “mining”. Miners deploy their computers to solve resource-intensive mathematical problems—the miner that reaches the correct solution first has the privilege of adding the next block to the Bitcoin blockchain and receives a reward in the form of BTC for their trouble.

The more computing power that’s used for mining Bitcoin, the more robust the network becomes, as it becomes increasingly difficult for a single entity to intentionally promote invalid transactions or re-arrange the history of the ledger.

The Bitcoin network is permissionless, which means that anyone can become a miner and participate in its consensus process. Everyone is also free to install a Bitcoin client and operate their own node on the Bitcoin network.

Bitcoin price history

The price of Bitcoin has seen big changes since BTC was first launched in 2009. Initially, Bitcoin didn’t really have an established price, and most people who owned BTC obtained it through mining. Eventually, a growing number of people became interested in Bitcoin, and began buying coins from other holders. Initially, these purchases were facilitated directly between buyers and sellers through web forums like Bitcoin Talk.

Eventually, Bitcoin exchanges were created and offered a more streamlined and automated way of buying and selling Bitcoin. One of the first ever Bitcoin exchanges was Bitcoin Market, which launched in 2010. Bitcoin Market and other platforms established a public market for Bitcoin, making it possible to track the price of BTC as expressed in US dollars and other currencies. The first price of Bitcoin was $0.07, according to CoinCodex data, which tracks the Bitcoin price starting from August 2010.

Let’s take a look at the historical Bitcoin price chart and highlight some important milestones:

  • $0.10 – The Bitcoin price first surpassed $0.10 in October of 2010
  • $1 – The first time that Bitcoin was worth $1 was in February of 2011
  • $10 – The first time that the BTC price climbed over $10 was in August 2012
  • $100 – The first time that Bitcoin was worth more than $100 was in April 2013
  • $1,000 – Bitcoin surpassed $1,000 for the first time in its history in December 2013
  • $10,000 – Bitcoin reached $10,000 for the first time in December 2017
  • $20,000 – Bitcoin reached $20,000 for the first time in December 2020
  • $30,000 – The first time Bitcoin reached $30,000 was in January 2021
  • $40,000 – The first time Bitcoin reached $40,000 was in January 2021
  • $50,000 – Bitcoin first reached the $50,000 price level in February 2021
  • $60,000 – The first time Bitcoin reached $60,000 was in April 2021
  • $70,000 – The first time Bitcoin reached $70,000 was in March 2024

Bitcoin Supply

The Bitcoin protocol specifies that no more than 21 million BTC can exist. However, each BTC can be subdivided into 100 million units called satoshis. One satoshi is the smallest unitof Bitcoin that can exist. Satoshis are commonly referred to as “sats” by cryptocurrency fans.

With the price of Bitcoin increasing so much in the last decade, most investors cannot afford to purchase a whole BTC. Thankfully, this isn’t really a problem if you’re looking to buy Bitcoin—since BTC can be subdivided to very small units, you don't have to buy a whole BTC to begin investing in Bitcoin. Depending on the cryptocurrency exchange you’re using, you can buy as little as $1 worth of Bitcoin, or even less.

Bitcoin halvings

The BTC coin reward received by Bitcoin miners is cut in half approximately every 4 years in what are known as Bitcoin halvings. The last Bitcoin will be mined around the year 2140, according to estimates. Here is how the BTC reward earned by miners is changing over time:

  • 2009 – 2012: 50 BTC per block
  • 2012 – 2016: 25 BTC per block
  • 2016 – 2020: 12.5 BTC per block    
  • 2020 – 2024: 6.25 BTC per block
  • 2024 – 2028: 3.125 BTC per block

Bitcoin Market Cap

One of the ways that we can measure the growth of Bitcoin is by taking a look at its market capitalization (commonly abbreviated to “market cap”). Calculating the Bitcoin market cap is fairly straightforward, as we simply have to multiply the amount of BTC coins in circulation with the current price of one BTC. This gives us a rough estimate of the size of the Bitcoin market, and also provides a helpful way to compare how large Bitcoin is compared to other cryptocurrencies. 

The market capitalization of Bitcoin can change significantly as the BTC market goes through its various cycles. The Bitcoin market cap surpassed $1 trillion for the first time in February 2021.

Market cap is also used to measure the size of companies—we can calculate the market cap of a company by multiplying the price of one share by the total amount of outstanding shares. Even though market cap can come in hady to make comparisons, it’s far from a perfect metric. For example, directly comparing a cryptocurrency and a stock by their market cap is probably not the best idea due to the fundamental differences between the two markets.

What is Bitcoin dominance?

Bitcoin dominance is a measure of Bitcoin’s share of the total crypto market cap. The metric is derived from dividing the total value of all digital assets in circulation by the market capitalization of Bitcoin. Historically, Bitcoin has always controlled the largest share of the crypto market. However, with the rise of new digital currencies since Bitcoin’s first block in 2009, Bitcoin dominance has fallen from 100% in 2013, and 88% in 2014, to just 38% in 2022. 

A high Bitcoin dominance ratio typically infers altcoins are doing poorly in the market, or at the very least poorly when compared with Bitcoin. In contrast, a low BTC dominance figure means that alternative digital assets, including Ethereum and all other coins that are not Bitcoin, are performing well against the world’s oldest crypto.

The most important Bitcoin milestones

The history of Bitcoin is full of ups and downs. Here are some of the most important events and developments that have played a defining role in the story of the world’s biggest cryptocurrency.

  • October 2008 – Satoshi Nakamoto publishes the Bitcoin whitepaper
  • January 2009 – The first block of the Bitcoin blockchain, also known as the “genesis block”, is mined
  • May 2010 – A Bitcoin Talk forum user pays 10,000 BTC for two pizzas, which was the first documented purchase of a good with Bitcoin
  • April 2011 – Satoshi Nakamoto confirms he stepped away from the Bitcoin project
  • October 2013 – Silk Road, a dark web marketplace where Bitcoin was used for payments, is shut down by the FBI
  • February 2014 – Mt.Gox, the     largest Bitcoin exchange at the time, collapses following a series     of hacks
  • August 2017 – A community dispute over Bitcoin’s block size leads to a hard fork of the     Bitcoin blockchain, resulting in Bitcoin Cash
  • February 2021 – Tesla buys $1.5 billion worth of Bitcoin

Who’s in charge of Bitcoin?

Bitcoin doesn’t have a CEO, a headquarters, or a company that’s in charge of it. It’s a protocol consisting of users running software that conforms to the protocol’s rules. Developers across the globe are constantly working on improvements to the Bitcoin protocol, with the most prominent project being the Bitcoin Core client. Any modifications to the protocol have to be accepted by participants in the Bitcoin network – if a proposed change is unpopular, miners and node operators simply won’t run the proposed new version of the software.

Even Satoshi Nakamoto, the inventor of Bitcoin, would not be able to force through any changes to the Bitcoin protocol if there was a lack of consensus amongst participants in the Bitcoin network. While nobody is in charge of Bitcoin, a number of individuals have made significant contributions to the project over the years. This includes Gavin Andresen, who served as Bitcoin’s lead developer starting with 2011. Andresen also founded the Bitcoin Foundation in 2012 to support the development of Bitcoin. Other developers like Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Michael Ford and Jonas Schnelli are listed among the top contributors on the Bitcoin Core GitHub.

What is the Lightning Network?

If you’ve been following Bitcoin recently, you’ve probably heard of the Lightning Network—it’s one of the most exciting projects in the Bitcoin ecosystem at the moment. The Lightning Network addresses Bitcoin’s limited scalability by introducing a layer on top of the Bitcoin blockchain that can handle transactions at much higher speeds and lower costs. 

By itself, the Bitcoin network can handle less than 10 transactions per second, which limits its use as a currency on a global scale. The network also isn’t suitable for sending very small payments (microtransactions), as transaction fees can be higher than the value of the payment itself. The Lightning Network allows users to establish payment channels that use smart contracts to process transactions outside of the main Bitcoin blockchain. Only the opening and closing of payment channels is broadcasted to the Bitcoin blockchain. When a channel is closed, the users’ BTC balances are settled on the Bitcoin blockchain. The Lightning Network was first proposed by Joseph Poon and Thaddeus Dryja in 2015, and the protocol has been making steady advances in recent years. Services like Strike simplify the process of making BTC payments via the Lightning Network, and the protocol is also being adopted by a growing number of cryptocurrency exchanges for Bitcoin withdrawals and deposits.  

FAQ

What is Bitcoin?

Bitcoin is a digital currency originally proposed by the pseudonymous ‘Satoshi Nakamoto’ in 2008. The identity of Satoshi Nakamoto is still unknown, although speculation about potential Satoshi Nakamoto candidates is a popular topic in the cryptocurrency community.

Its first implementation was in early 2009 as open-source software. The Bitcoin network is maintained in a decentralized manner with no central authority having the power to censor or reverse transactions. The Bitcoin network is available 24/7, and BTC can be sent globally with no restrictions.

Unlike local currencies, Bitcoin is completely digital. User balances are kept on a public ledger that is fully transparent and accessible to all. Similarly, anyone can operate a Bitcoin node or function as a Bitcoin miner, provided they have the necessary knowledge and resources. Bitcoin inspired the launch of other digital currencies that are collectively referred to as altcoins.

How does Bitcoin work?

The Bitcoin network is maintained by a network of nodes that communicate with each other to arrive at a consensus regarding the current state of the ledger. The Bitcoin ledger consists of “blocks”, which contain information about Bitcoin transactions. A new block is added to the ledger approximately every 10 minutes. Each block is linked to its previous block with a cryptographic hash, which is why the type of ledger used by Bitcoin is referred to as a “blockchain”.

Since Bitcoin is a decentralized network, there needs to be a way to select which node gets to add a new block to the Bitcoin blockchain. In Bitcoin, this is decided through “mining”. Bitcoin miners set up their hardware to tackle resource-intensive mathematical problems, and whoever gets the right solution first gets to add the next block to the blockchain. In return, the miner receives a “block reward” in the form of BTC coins.

How is Bitcoin used?

In order to use Bitcoin, you first need to install a Bitcoin wallet on your mobile phone or computer. A wallet is a piece of software that manages Bitcoin private keys and allows you to send and receive Bitcoin. When you set up a Bitcoin wallet, you will have your own Bitcoin address which you can share with your friends and others with whom you want to transact. You can have as many Bitcoin addresses as you like.

Once you have some BTC, you can trade it on a cryptocurrency exchange, send it to your friends or use it to buy goods from stores that accept Bitcoin. Alternatively, you could just hold it for a long period of time and hope that it becomes more valuable in the future.

Why are Bitcoins valuable?

Just like any other tradeable asset, the price of Bitcoin is based on supply and demand. These dynamics can sometimes be unpredictable, and it’s impossible to list all the factors that contribute to Bitcoin price movements.

However, we can list some properties of Bitcoin that lead people to assign value to BTC. Bitcoin can be sent across the globe on a 24/7 basis and is not controlled by any intermediaries. Transactions can’t be censored, and the network is highly secure thanks to the massive amount of computing power that’s backing it.

Many people who invest in Bitcoin also appreciate the fact that Bitcoin has a limited supply of 21 million coins and a predictable monetary policy. New BTC coins cannot be created at will – we know exactly how many BTC will be in circulation at any point in the future. 

These properties make Bitcoin a viable candidate for a store of value asset that serves a similar purpose to gold. Investors sometimes refer to Bitcoin as a deflationary currency to highlight the differences between BTC and fiat currencies.

How do I get Bitcoin?

You can obtain Bitcoin by receiving it as a payment for your goods or services or by purchasing BTC from a cryptocurrency exchange using a local currency like the US dollar or the euro. Of course, you can also buy Bitcoin in person if you know someone who holds BTC or if you find a seller on a peer-to-peer Bitcoin marketplace.

You can also earn Bitcoin through mining, but this is not a realistic option for most people. Because the Bitcoin mining market is so competitive nowadays, you need a significant upfront investment in specialized Bitcoin mining hardware in order to be able to mine BTC profitably.

Is Bitcoin a good investment?

As with almost all other cryptocurrencies, Bitcoin is considered a high-risk investment and displays considerable price volatility. There is no guarantee that Bitcoin can sustain its upwards trajectory, even though the price of BTC has been showing a strong positive trend ever since its inception.

If you can accept the risks, Bitcoin can be a very good investment. Due to its limited supply, some investors are considering Bitcoin as a store of value or a digital form of gold. Since Bitcoin has a predictable monetary policy, Bitcoin can also be considered as a hedge against the devaluation of fiat currencies.

Not only has Bitcoin one of the best-performing assets of the last 5 years, but it’s now also being taken more seriously by traditional investors. This is reflected in the growing number of institutional investors making their entrance into the Bitcoin market.

However, it’s worth keeping in mind that Bitcoin has only been around for a little more than a decade, and remains a highly speculative asset. As with any other investment, never invest more money than you’re willing to lose.

How much does it cost to buy 1 Bitcoin?

As of , it would cost you to buy 1 Bitcoin. Please note that you don’t have to buy one whole Bitcoin - each BTC is divisible to 100 million units, which are called satoshis. This means that you can invest as little as you’d like.

What is a satoshi?

Satoshi is the smallest denomination of Bitcoin, and represents one hundred millionth of a Bitcoin. In other words, 1 satoshi = 0.00000001 BTC. Sometimes, "sat" or "sats" is used as an abbreviation for satoshi.

Describing smaller values with satoshis can be much more convenient than describing them with BTC. For example, it's easier to say that a cup of coffee costs 6,436 satoshis, instead of saying that it costs 0.00006436 BTC. 

What is a mBTC?

A mBTC is one thousandth of a Bitcoin, or 0.001 BTC. This unit is commonly used in everyday transactions, since it is much cleaner to read. For example, instead of saying that you bought something for 0.005 BTC, you can say that you bought it for 5 mBTC. The value of 1 mBTC is currently / 1000.

Can you make money from Bitcoin?

The most straightforward way to make money with Bitcoin is trading - buying BTC and selling it at a higher price later. Of course, this is easier said than done.

You can also earn Bitcoin by mining it or finding online platforms that list micro jobs such as watching videos, and retweeting posts. Some other ways of earning BTC include writing about Bitcoin on different cryptocurrency news sites, engaging in “pay-to-click websites”, running a signature campaign on the Bitcointalk forum, receiving tips in Bitcoin by helping others, or lending your BTC to earn interest.

Is it a good time to buy Bitcoin?

This will depend on current Bitcoin market conditions. One of the factors that you can consider before deciding to buy Bitcoin or not are technical indicators. You can find the most commonly used technical indicators on our Bitcoin price prediction page.

How much should I invest in Bitcoin?

As Erik Finman, the youngest Bitcoin millionaire, put it: “Only invest what you’re willing to lose.” Before investing any amount in Bitcoin, you must consider how much you can accept losing in case your investment does not turn out as expected.

Can I invest $50 in Bitcoin?

Yes, you can invest $50 in Bitcoin. A common misconception is that you have to buy at least 1 Bitcoin, but this couldn’t be further from the truth. In fact, each Bitcoin is made up of 100 million units known as satoshis (think of it like how 100 cents comprise a dollar). Some exchanges will let you buy as little as $1 worth of Bitcoin.

You can invest small amounts every few days or weekly which is referred to as Dollar-cost averaging (DCA). Sticking to a DCA plan can be a great way to set your investment strategy in stone and reduce the impact of emotions caused by price swings.

How do you cash out a Bitcoin?

There are several ways you can cash out your acquired Bitcoins. The most cost-effective way is to do it through a cryptocurrency exchange like Coinbase or Kraken. You can do it through a Bitcoin ATM, but they tend to charge relatively high fees. Other services like LocalBitcoins, cryptocurrency wallets, and cryptocurrency cards can also allow you to convert your BTC into cash. Alternatively, you could just sell your Bitcoin in person if you find a trustworthy buyer.

Is Bitcoin secure?

When we talk about Bitcoin technology (the protocol and the cryptography), the security track record has been very solid so far. The Bitcoin network perhaps is the biggest distributed computing project worldwide. Due to the design of the Bitcoin protocol and the large amount of computing power backing the network, it’s almost impossible for anyone to amass enough computing power to be able to duplicate Bitcoins or spend coins they don’t own.

Realistically, the most likely way for you to lose your Bitcoin is user error. This can happen if your private keys are accidentally deleted, lost, or stolen. However, there are many precautions to prevent this from happening – you can secure your wallet through best practices or by using cryptocurrency service providers that offer a high level of security and insurance.

Are Bitcoins legal?

The vast majority of countries have accepted Bitcoin as legal, including the US, Japan, the UK, Canada, and European countries. You can check the legality of Bitcoin by country or territory here.

Is Bitcoin a security?

The U.S. Securities and Exchange Commission (SEC) publicly claimed that Bitcoin is not a security, and most other countries in the world also do not consider Bitcoin as a security. Here are some reasons why:

  • There was no monetary capital raised to develop Bitcoin
  • Bitcoin didn’t have an ICO
  • Bitcoin is a network and not a common enterprise
  • Bitcoin is not a company and has no central authority
  • Bitcoin has no security-like attributes such as a profit-sharing interest

Where can you store Bitcoins?

You can store your Bitcoins in a Bitcoin wallet. Generally, we distinguish between two main types of Bitcoin wallets: software wallets and hardware wallets.

Software wallets are those you install on your computer or mobile devices and are connected to the internet. These wallets can be useful if you don’t hold large amounts of BTC and you like to transact with your BTC frequently.

Since software wallets can be compromised if the device they’re installed on is compromised, you should consider a hardware wallet if you hold a significant amount of BTC. Hardware wallets are designed to never leak your private keys to the device you’re connected to, and thus offer a much higher degree of security.

Some users like to hold their Bitcoin on cryptocurrency exchanges. This isn’t advisable since you’re trusting exchanges to have control over your BTC, making your coins more vulnerable to fraud and theft.

Who owns the most Bitcoin?

Bitcoin inventor Satoshi Nakamoto still holds more BTC than any other individual. Some analysts estimate that Satoshi owns more than 1.1 million BTC.

How are new Bitcoins created?

BTC coins are created whenever a block is successfully added to the Bitcoin blockchain. The miner who adds the newest block to the blockchain receives a block reward in the form of BTC. New Bitcoins will continue being created this way until 21 million BTC coins have been created. When that hard limit is hit, no new BTC will be created anymore and miners will only be compensated with transaction fees.

How many Bitcoins are left?

There are roughly BTC left to be mined. The maximum supply of Bitcoin is 21 million, of which million is currently in circulation.

When will the last Bitcoin be mined?

The last Bitcoin will be mined in the year 2140, assuming the Bitcoin network survives until then. After the last Bitcoin is mined, Bitcoin miners will only be compensated with transaction fees paid for BTC transactions and will no longer receive any block rewards.

Which coins are similar to Bitcoin?

Examples of cryptocurrencies that are similar to Bitcoin include Litecoin, Bitcoin Cash, Monero, and Zcash. There are many different cryptocurrencies on the market, but some are more similar to Bitcoin than others. Generally, we can say that proof-of-work cryptocurrencies that are primarily used for peer-to-peer transactions are similar to Bitcoin.

What is Bitcoin halving?

Bitcoin halvings are events baked into the Bitcoin protocol and they trigger approximately every 4 years. When a Bitcoin halving is triggered, BTC miners receive only half the rewards that they were receiving before the halving. When the Bitcoin network first went live in 2009, the block reward was 50 BTC. Three halvings later, the reward is now set to 6.25 BTC.

Bitcoin investors are usually excited about upcoming halvings as they are seen as a positive influence on the Bitcoin price.

How does Bitcoin halving affect price?

Historically, Bitcoin halvings have been followed by growth in Bitcoin prices over time. There exist different theories for why this is the case, but they all have one thing in common: supply and demand. If the amount of newly-generated BTC coins is declining, the increased scarcity helps make existing coins more valuable.

When was Bitcoin released?

The Bitcoin whitepaper was released on October 31, 2008. The Bitcoin mainnet went live shortly after, on January 3, 2009. The first-ever Bitcoin transaction happened on January 13, 2009, when Satoshi sent 10 BTC to early Bitcoin adopter Hal Finney.

Bitcoin News

Download App

Keep track of your holdings and explore over 37,000 cryptocurrencies

CoinCodex iOS AppCoinCodex Android App
CoinCodex Mobile App

BTC
Bitcoin
$?97,284
5.16% Last 24h
Alternative