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Bitcoin was created by Satoshi Nakamoto and he published the invention on October 31 ,2008 and it was implemented as an open source in January 2009.
Bitcoin created huge changes in the traditional monetary ( money/currency) system. Changes happened : only because of its flexibility and characterization of a bitcoin. The important characteristic of a bitcoin is decentralization. Since it is decentralized no third party is authorized to control the digital currency (.i.e.) bitcoin transactions are made without the interruption of banks or governments.
Bitcoin has created by a basic procedure called mining, but it involves a lot of effort and costs and it will take a time to earn an own bitcoin. Instead of mining, there is an another way existing in the market place known as bitcoin trading. If anyone needs a bitcoin instantly then visiting a bitcoin exchange website could help him out.
How could a bitcoin exchange website help the traders?
As the industry interests surge rapidly, Many entrepreneurs started to invest their money in bitcoin. And they thought this is the best way for them to securing the money. If someone invested their money in bitcoin then he becomes the authorized person for his own money. No banks / governments or third party is authorized to raise a question about their investment.
Investing in bitcoin involves simple steps. Every bitcoin Trading/exchange website consist of a plenty of traders. Here buying/selling of bitcoins starting with an initial step called placing buy orders and sell orders. If someone needs a bitcoin then he should place a buy order with the quantity of bitcoin needed. Every exchange website maintains a specific matching algorithm.
Depending upon the quantity and the currency placed in the buy order, the matching algorithm filter outs the best matching sell order and make transactions too. Here the admin of the website will not involve matching the orders manually. So an automated bitcoin transactions depending on the matching algorithms only.
Bitcoin transaction highlights :
During the transaction, personal information of a user will not be revealed to anyone. Because the transactions are happening only by the specific id and the registered bitcoin wallet addresses. Also, the transaction fee is much lower than usual currency exchange platforms.
Why not trying an own bitcoin exchange website?
This question raised among the traders only because of the industry interests surges. On December first week of 2016, the average value of bitcoin is about $767. In the history of bitcoin, this value records as the highest value. Also, Traders are expecting that the value will reach 1000$ in the upcoming year. So keeping this in mind a lot of traders thoughts being a trader will not earn more profit. So they planned to start/build their own bitcoin trading website.
How to start a trading website ?
There are a lot of service providers are available online, but bitdeal offers a unique and advanced solution for traders. And the script will be customized based upon the client's demands. And starting a bitcoin exchange website definitely provide you the best profit. Because the trading of bitcoin grows rapidly among users.
Greetings! This is Dheivanai! My love for writing transformed me as a blogger and the Passion for Crypto industry turned me as a business advisor at bitdeal. Crazy towards digging deep and analyze the new trends in the Cryptocurrency and Blockchain Industry. Follow us to read interesting and existing blogs! Stay tuned, Stay updated!
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