The Birth of Bitcoin
Bitcoin appeared in 2008 – right after the Occupy Wall Street movement accused large banks of misusing borrowers, tricking customers, interfering with the financial system, and exorbitant fees. Bitcoin pioneers wanted to transfer responsibility for transactions to sellers, eliminate intermediaries, cancel interest rates, and make transactions transparent to eradicate corruption and limit fees.
They created a decentralized system in which everyone could control their funds and understand what was happening to them. In a relatively short time, Bitcoin has gained impressive popularity.
How Do Bitcoin Transactions Work?
For transactions, a unique address is used, encrypted with a 16-character key. The buyer decodes the code to transfer bitcoins to the specified address. In other words, cryptocurrency is a digital exchange that allows you to buy or sell goods and services. The transaction is verified on a peer-to-peer computer network, which is similar to Skype or BitTorrent.
Bitcoin is based on an extensive public database called blockchain, where all confirmed transactions are included in the so-called “blocks.” When a block enters the system, it is verified and becomes part of a peer-to-peer network (P2P). Thus, each user has information about each transaction, which helps prevent theft and double spending of funds, in which someone conducts the same operation twice. This process provides user confidence in the system.
Store/Hold Bitcoin via Binaryx
It is not a secret that many people buy bitcoins with the aim to hold and sell it later when the price hits new highs. Binaryx offers all users to store their Bitcoins on the platform by providing them with advanced security and other features.
Send/Transfer Bitcoin via Binaryx
With Binaryx, all users can transfer or send bitcoins to other cryptocurrency owners. You can buy Bitcoin here, and manage your transfers easily.
Margin Trading & Margin Funding
Binaryx allows up to 3.3x leverage trading by providing traders with access to the peer-to-peer funding market. Liquidity providers can earn interest by providing funding to traders wanting to trade with leverage. Funding is traded on an order book at various rates and periods.
Trade Bitcoin on Binaryx & Enjoy Marketplace Features
Here on Binaryx, you have an outstanding opportunity to start trading Bitcoin, regardless of your level of experience. You can find the best cryptocurrency traders and copy their trading performance. Binaryx offers users an extensive set of features, in which you are guaranteed to experience a secure trading activity. Find out how many opportunities are available for all cryptocurrency traders, and how you can become an expert in the crypto trading by following the experienced professionals and leaders.
Binaryx is the first marketplace of professional crypto-traders based on the most reliable cryptocurrency exchange platform. Start buying and selling Bitcoin, Ethereum, XRP, Tether, Bitcoin Cash with the best crypto-traders, or by yourself.
- Marketplace. Binaryx provides the ability to search and work with the best cryptocurrency traders around the globe. By using unique algorithms, Binaryx offers low-risks opportunities so you can minimize the risks.
- Exchange. Our primary mission is to launch a robust platform for all crypto traders, regardless of their experience in trading. Binaryx provides the best-in-class user experience, security, and 24/7 support.
- Blog. In our blog, traders can learn how to trade bitcoin, how to deal with other cryptocurrencies, and what strategies they can use when the situation on the market is unstable.