What is Bitcoin (BTC)
Bitcoin is an open-source software that since 2009 has enabled the exchange of an entirely new form of money (BTC) over the internet.
Created by an unknown individual or group operating under the pseudonym Satoshi Nakamoto, Bitcoin sought to offer a “peer-to-peer digital cash system” that removed middlemen from online commerce through the clever use of public key cryptography and peer-to-peer networking.
The result was that, for the first time, money could be introduced to an economy on a schedule immune to the influence of any central bank or operator. As set out in the rules of the software, only 21 million bitcoins, divisible into many more smaller units, can ever be created.
By creating true digital scarcity, Bitcoin would go on to entice a new generation of traders who now see BTC as a viable alternative to gold and traditional monies.
How to buy Bitcoin
Buy stablecoins listed on Binance by wiring money from your account to the providers of these coins. Then, use these stablecoins to buy Bitcoin on Binance exchange.
Binance supports the deposit of more than 300 cryptocurrencies, several of which you can exchange for Bitcoin at some of the best rates in the market.