Bitcoin is a top-rated crypto coin in the crypto space today. It is the first and most valuable cryptocurrency in the market today. Bitcoin is listed on all crypto exchange platforms, Coinberry inclusive. The price at which Bitcoin is mainly sold is the same on all platforms, with slight differences based on the algorithm used by each platform to determine the price.
Bitcoin has quite a history, and it is known to have paved the way for several cryptocurrencies in the market today. Coinberry is one of the top crypto exchange platforms in Canada. We will discuss how to buy Bitcoin on the platform with ease.
Bitcoin was launched in 2009 as open-source software by a specific individual known as Satoshi Nakamoto, although it is believed that is not his actual name. Bitcoin is a decentralized digital currency not backed by any physical asset or issued by a central authority. It can be sent from one user to another via a peer-to-peer system without the need for an intermediary or a third party.
Network nodes verify Bitcoin transactions through cryptography, and they are recorded in a public ledger known as blockchain technology. Bitcoin is a highly influential crypto coin in the crypto market. It is known to dictate the prices of other crypto coins. The value of Bitcoin has risen and fallen over the years, but it remains the most valuable cryptocurrency till today.
After its launch in 2009, Bitcoin rose to a value of $29 in June 2011 before it crashed to $2 in November of the same year. It was valued at $13 at the beginning of 2013 before it peaked at $230 in April of the same year before crashing to $68 in July. It crossed the thousand mark in December 2013 when it rose to a value of $1,237 only to fall to $687 three days later.
By May 2017, Bitcoin was valued at $2,000, and in December that same year, it jumped up to $19,000. This was when it gained the world’s attention. Private investors and governments started paying attention to this digital currency. By December 2020, Bitcoin was going for $29,000. In January 2021, Bitcoin broke it’s all-time high when it peaked at $40,000. It bettered itself 4 months later in April when it was valued at $63,000 before crashing months later.
Coinberry is a trusted and reliable crypto exchange in Canada with Bitcoin listed on its platform. To buy Bitcoin on Coinberry, ensure you follow these steps:
Coinberry is a top crypto exchange platform that offers the following when you buy Bitcoin on their platform:
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