As a fairly new explorer of crypto world , Bitcoin fascinates me .The evolution of Bitcoin is not less than a fairy tale.
From nobody to becoming the most valuable and stable coin , Bitcoin has evolved magnificently.
Many more currencies have emerged in market in the last few years, but Bitcoin still remains the most trusted one.
In year 2010 the value of the bitcoin was only $0.39 , today it stands at a whopping $24279.00.Having touched $61,699.00 in March 2021.
There were no exchanges available where Bitcoin could be traded. In 2009 Bitcoin talk forum went online and brought together people who were interested in Bitcoin and were ready to brainstorm together to take it further.
The very famous
NewLibertyStandard founded the
New Liberty Standard Exchange, and, exchanged 5050 Bitcoin against $5.02 via PayPal with another Forum user
Sirius.
This started the journey of Bitcoin trading against Fiat currency.
Today there are numerous exchange where Bitcoin can be traded. The question how secure they are?
Coinbase, Binance are amongst the most popular one and secure one. Having started in 201 and 2017 respectively , they are being used worldwide by many users. What you need to make sure before using any exchange that they offer services in your region /country.
And most importantly you must check before making any investments on any exchange that are secure and have a strict criteria for opening an account. Some accept only certain type of KYC others might be little lenient towards it. One must always be vigilant when investing their money.
This information might not be new for most of you, but for someone like me who has just started it is a simple summary of Bitcoin journey and a little piece of advice on using an exchange for trading.
Sources used :
Bitcoin Price History Chart (2009, 2010 to 2023) (buybitcoinworldwide.com) :
www.coinbase.com