Bitcoin is a cryptocurrency that came into existence in 2009; there is no information regarding the creator of it. It became popular when merchants began to accept it as an online payment. There are many cryptocurrencies, but bitcoin is most popular; it has a good cap in the cryptocurrency market. Bitcoin Trader invests the money in purchasing and selling the cryptocurrency and gain huge benefits. We all know that only 2 or 3 % of people are aware of the existence of bitcoin, so it is an excellent opportunity to buy this digital currency to have great benefits.
How does bitcoin work?
Bitcoin has a huge market cap in the cryptocurrency world, there are other cryptocurrencies, but those are not famous like it. A Bitcoin Trader can easily buy and sell bitcoin in the market; there are many cryptocurrency exchange agencies available that allow you to exchange bitcoin. We can easily make the transaction of bitcoin in US-based Exchanges, BitStamp and Coinbase these both exchanges are very famous among traders. There are many other exchanges in many other countries where you can exchange the bitcoin easily.
Cryptocurrencies and their market cap
There are many cryptocurrencies such as Bitcoin, Ether, Ripple, Litecoin as well as MIOTA. Mostly, people know about Bitcoin and Ether because these have the highest market cap and also more profitable from the perspective of an investment than other digital currencies.
The market cap of bitcoin is higher than in other currencies; it is around $300 billion. Ether is the second famous digital currency; it has a market cap of about $100 billion and invested gradually. Other cryptocurrencies have the lower market cap then these both, it is the reason people show the interest in buying the bitcoin much. Bitcoin Trader goes for buying bitcoins because these provide tremendous benefits.