BITCOIN BITCOIN

One of the most well-known of all cryptocurrencies, and as the first, Bitcoin has made a real impact in the real world.

Bitcoin is a decentralized digital currency that is available to thousands of people all across the globe that have the financial incentive to ensure the security and validity of the Bitcoin network (known as miners… read more about Bitcoin mining here).

What sets Bitcoin aside from standard currencies is that it is not controlled by any central entity - such as a bank, government, company etc. However, it works within the control of the Bitcoin protocol’s open-source rules. As set out per those rules, there will only ever be 21 million bitcoin ever in existence - and these are all divisible, down into much smaller units. Because of the decentralized structure of Bitcoin and its limited supply, this is now being taken very seriously as a type of digital money for a new digital era.

Bitcoin Price Live Data

Just like stocks, the price of Bitcoin fluctuates. That’s why, here at SMART VALOR, we always make sure that we keep the Bitcoin prices updated in real-time; As well as looking at the Bitcoin current trading price, we also keep our customers fully informed of factors such as the live market cap (the total dollar market value Bitcoins outstanding tokens), which is currently $694,801,021,135. The coin has a circulating supply of 18,939,556.00 BTC and a total supply of 21,000,000 BTC.

Here at SMART VALOR, you can quickly and safely buy, sell and trade Bitcoin today - just open a new account and get trading!.

Market stats

Market Cap

CHF 439.42 B

Volume (24h)

Ƀ 220,275.0

CHF 5,063,452,641.6

Circulating supply

Ƀ 19,115,931.0

Price change (1h)

-0.28%

Price change (24h)

3.35%

Price change (7d)

3.44%

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How to Buy Bitcoin in Three Steps

  • Create your new account here at SMART VALOR and verify your identity

  • Connect your preferred payment method to your account Buy Bitcoin.

  • You can buy as much or as little Bitcoin as you like

How to buy Bitcoin on SMART VALOR

If you are looking to start investing in Bitcoin, then opening an account here at SMART VALOR couldn’t be easier -
just follow a few quick and simple steps.

First, open a new account at SMART VALOR and verify your identity. Enter your personal details, such as full name, street address, country of residence, date of birth, age and phone number. You will then need to submit the required supporting documentation to verify the details in order to be able to start trading real money funds.

You can then make your first deposit into your SMART VALOR account. Simply pick one of the available payment methods, based on your region of residence and your personal preference. SMART VALOR offers buying crypto with credit card, wire transfer and deposited funds in platform fiat wallet.

You can then buy, sell and trade Bitcoin as well as all of the other currencies and digital assets available here at SMART VALOR - and take advantage of all the features we have available for our users.

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Why Should I Buy Bitcoin?

If you are still undecided, then here are the reasons you should consider buying Bitcoin. These days, those who advocate Bitcoin see the software used as an alternative financial system that allows its users to claim sovereignty over their own financial assets. So, investors can hold bitcoin to store value if they are looking for more financial independence.

What Is Bitcoin?

So, let’s delve a little deeper into what Bitcoin actually is. Bitcoin is an invention that for the first time ever, allows its group of software users to make and manage a digital form of money that cannot be controlled by governments, companies or banks.

It was originally introduced in 2009 and was considered a revolutionary concept. But even more than ten years later, the implications are still being felt, explored and understood by economists and technologists everywhere.

Crypto Wallets

Hot wallets are also known as online wallets - and these are those that run on internet-connected devices such as phones, computers and tablets. There is a certain amount of vulnerability attached to these because your private keys will be generated on the internet, which means they may be more prone to hackers and malfunctions. However, these are used because they are easier to access when trading and making transactions.

Unfortunately, users of hot wallets that fail to use sufficient security may have their bitcoin stolen and this isn't an infrequent issue. This is often the case if people make it public knowledge how many bitcoin they have on public forums whilst storing these funds in a hot wallet with insufficient security.

Generally, hot wallets are best used for storing smaller amounts of bitcoin. The most common-sense approach would be to use your hot wallet only for your spending funds, whilst putting larger investments in a more secure wallet.

Remember, although both are online-based wallets, your SMART VALOR trading wallet is not your personal wallet. Our trading wallet is a custodial wallet and as a user, you are not the holder of the private key to the bitcoin in the wallet. SMART VALOR trading wallets and hot wallets are very handy for making quick trades and transactions, but being on the internet can make them vulnerable to cyber-attacks.

As such, there is an alternative type of wallet to this - which is considered as the safest option - cold wallets. This is a bitcoin wallet that is not connected to the internet, which means that there is less risk of your funds being compromised. These are often also described as hardware wallets or offline wallets

Cold wallets will store a user's address and private key on a device that isn't connected to the internet. It generally comes with software that works alongside it so that, as a user, you can keep an eye on your bitcoin portfolio without risking your private key.

A paper wallet is a piece of paper with your private and public keys printed out. Some paper wallets might also have a scannable barcode created by an app. It is a way to store and take access to your cryptocurrency offline. When you print your keys, they are removed from the cryptocurrency network, but the tokens remain; however, they are inaccessible without your keys.

Paper wallets were generally used before cryptocurrency became popular. Storage technology has improved since the method was popular, but it remains a valid way to store your keys in certain circumstances.

You might encounter a time when you need to store your cryptocurrency on paper; therefore, it's essential to understand what a paper wallet is, how it works, and the risks if your circumstances require you to create one.

The Creation of Bitcoin

Although Bitcoin can fairly make the claim of being the first successful cryptocurrency in the world, it works on a technology that has been built on many years of ideas as to how cryptography can help to forge and create a digital money system. This includes the following formative projects:

B-money: This is a proposed anonymous distributed digital money system
Bit Gold: The attempt to create a rare online digital commodity.
eCash: An attempt to make quick and anonymous online payments.
HashCash: This system works on proof-of-work and is designed to prevent email spam.

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In the Beginning

n the beginning, back in 2006, the world was introduced to Satoshi Nakamoto - a pseudonym for a person or group of people that began developing a code for a new online digital money system - Bitcoin. Later, in 2008, they followed this up by publishing the white paper, which explained the proposed system - and the first version of this software, Bitcoin 0.1 was released on January 9, 2009. ‘Nakamoto’ wrote numerous emails and posts, giving his/hers/their ideas as to what the future of Bitcoin might be - and then went on to leave the project in 2011. These days, numerous developers all contribute to Bitcoin’s code and all participate in the system by helping with efficiency improvements such as small glitches and bug fixes.

A Decentralized System

Most technologists believe that what makes Bitcoin stand apart from the other digitised money systems is its decentralized network. In order to understand the idea behind decentralization and what makes it important, you need to consider how traditional banking currently works. Chances are, your monthly or weekly wages are paid directly into your bank account. The bank then allows you to use your own money by card and ATM - but in return, they offer means to keep it safe, via vaults, guards and alarms. In this case, the bank acts as the central authority - third parties that help to facilitate the transactions between businesses and individuals. Fundamentally, they act as the middleman. They offer their services for every customer and this gives them control over thousands or millions of people’s money. This gives them power, and with this power, they make and change - and break the rules. They might lend your money out without your permission, they might refuse to process one of your transactions and can even deny you access to your own money. It also makes it possible for the Government or criminals to get hold of your data and money from the bank.

Decentralized System
Bitcoin

How It Works - A Simple Guide

Based on its design, Bitcoin can be sent between users without an intermediary. However, it works in the same way as cash - as soon as you give it to them, they have it and you don’t. But what about the computers that operate the network? What stops them from breaking the rules and stealing the bitcoin? Well, basically it’s all about incentives. In order to manipulate Bitcoin’s ledger, a hacker would need to control at least a third of the mining hardware. However, this would mean that they would thus be winning most of the new bitcoins - so it wouldn’t be in their interest to attack the network.

Why Bitcoin Is Valuable

Bitcoin has similar characteristics that give more traditional commodities value: scarcity, durability, portability, divisibility, fungibility and acceptability. Some even argue that it has advantages of standard money in many of following categories:

Bitcoin
  • Scarcity

    The supply of Bitcoin is even more limited than gold and silver - as there will only ever be 21 million introduced. When it was first mined, only 50 BTC were released - but through this process, now over 18 million have become available. The number of BTC that is released in every block is halved every four years in order to keep the supply finite.

  • Durability

    Any form of money needs to be durable enough to stay in circulation. Because BTC keys are letters and numbers that can be stored in any way possible, backed up or even divided into pieces, this makes them even more durable.

  • Portability

    You can easily carry around all of your BTC with you… whether it be on a flash drive or memorised in your brain and transfer it immediately via the internet.

  • Divisibility

    Currencies need to be easily divisible so that consumers can purchase goods and services of different values… USD from Dollars to cents, GB Sterling from pounds to pence etc. Bitcoin is also divisible - and it can be divided into the eighth decimal place. The smallest unit is called a Satoshi and 100,000,000 sats is equal to one BTC.

  • Fungibility

    All monies need to be uniform and interchangeable. As is the case with cash or gold, the way you receive your BTC has varying degrees of fungibility. Any BTC that has been used in criminal activity, for example, can be turned down by merchants or exchanges

  • Acceptability

    For anything to store value, it needs to be recognised and accepted by people that it has worth. These days, there are thousands of merchants, vendors and individuals that accept Bitcoin payments - big companies such as Subway and Microsoft to other small personal businesses. Additionally, you can buy and sell BTC for alternative cryptocurrencies and more traditional fiat currencies at exchanges such as SMART VALOR, which is here for you 24 hours a day, 7 days a week.

Bitcoin Mining

Bitcoin mining adds and verifies transaction records across the network. Miners are rewarded with some Bitcoin; the reward is halved every 210,000 blocks. The block reward was 50 new bitcoins in 2009. On May 11, 2020, the third halving occurred, bringing the reward for each block discovery down to 6.25 bitcoins.

Bitcoin mining

Buy BTC at SMART VALOR

We work hard to make sure your Bitcoin is fully protected. When you buy BTC here at SMART VALOR, your funds will automatically be stored in our wallet, which is easy to access for you - but completely secure from others. We have put into place rigorous security standards to make sure that your crypto is always safe. However, if you do want to transfer or hold your bitcoin, you are also able to take full control of your bitcoin, in the wallet you choose. After you buy Bitcoin, your options are unlimited. Its adoptions grow every day, as more people start finding out more about its true value and utility. Whether you want to buy real estate or simply a cup of coffee, you can do so without the need to rely on a traditional financial institution. You can use Bitcoin to send payments all over the world and make transactions with impressive speed. Simply put, the full potential of Bitcoin is just starting to be understood.

Bitcoin FAQs