What is Bitcoin (BTC)?

BTC definition: What is Bitcoin? Bitcoin is a form of digital currency that aims to eliminate the need for central authorities such as banks or governments. Instead, Bitcoin uses blockchain technology to support peer-to-peer transactions between users on a decentralized network.

How many BTC are there?

There will only ever be 21 million BTC. Bitcoin is digital money that cannot be inflated or manipulated by any individual, company, government, or central bank. Bitcoin is highly divisible. You can hold, send, or receive fractions of a BTC. The smallest unit, i.e. 0.000 000 01 BTC, is called a “satoshi” or “sat.”

How does BTC halving work?

It essentially involves automatically halving the number of new BTC entering circulation every 210,000 blocks. In February 2011, BTC’s price reached parity with the U.S dollar for the first time. The milestone encouraged new investors into the market, and over the next four months, bitcoin’s price continued to rise – peaking at over $30.

How much is 5 USD in BTC?

We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.000135 BTC. Inversely, 5 BTC will cost about 184,584.875 USD. How can I buy 1 Bitcoin on Coinbase? Bitcoin is currently available to buy on Coinbase's centralized exchange.