$BTC Bitcoin (BTC) is the world's first and largest cryptocurrency. Here's a quick rundown:
What is Bitcoin?
* Decentralized Digital Currency: It's a form of digital money that operates independently of any central authority like a bank or government. This means no single entity controls it.
* Blockchain Technology: Bitcoin is built on a technology called blockchain, which is a distributed and immutable (unchangeable) public ledger. Every transaction ever made is recorded on this ledger, ensuring transparency and security.
* Peer-to-Peer System: It allows users to send and receive money directly to each other without needing intermediaries.
* Limited Supply: Only 21 million Bitcoins will ever be created, making it a scarce asset often referred to as "digital gold."
How does Bitcoin work?
When you send Bitcoin, the transaction is broadcast to the network, verified by "miners" (powerful computers solving complex puzzles), and then added to the blockchain. This process ensures the security and integrity of the network.
Current Price:
As of July 7, 2025, 1 Bitcoin is approximately $109,057.30 USD or 13,387,366.63 Bangladeshi Taka (BDT). Please note: Cryptocurrency prices are highly volatile and change constantly.
Where to Buy Bitcoin in Bangladesh?
While direct purchase options with BDT might be limited due to regulations, you can typically buy Bitcoin through international cryptocurrency exchanges. Some popular options that might be accessible in Bangladesh include:
* Binance: One of the largest cryptocurrency exchanges globally.
* Coinbase: Another well-known exchange for buying, selling, and storing cryptocurrencies.
* Peer-to-Peer (P2P) platforms: Some platforms allow users to buy and sell crypto directly from each other, often with various payment methods. However, exercise caution and ensure you use reputable platforms with strong escrow services.
Important Considerations:
* Volatility: Bitcoin's price can fluctuate