Nigeria Court Freezes $38M of Crypto Allegedly Sent to Support Protests in the Country
In a significant move, Nigerian authorities have frozen $38 million in cryptocurrency linked to...
1 Bitcoin equals 58,813 USD
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Bitcoin (BTC) is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group known as Satoshi Nakamoto. It operates on a decentralized peer-to-peer network using blockchain technology, which ensures transparent and secure transactions without the need for intermediaries like banks. Bitcoin's significance lies in its pioneering role in the digital currency revolution, offering a new form of money that is resistant to inflation and government interference. Additionally, Bitcoin can be easily converted to other cryptocurrencies through various exchanges, making it a versatile asset in the crypto ecosystem.
The United States Dollar (USD) was established as the official currency of the United States in 1792. It operates on a fiat system, meaning its value is backed by the government's declaration rather than a physical commodity like gold. The USD is globally significant, serving as the world's primary reserve currency and widely used in international trade and finance. Its stability and reliability make it a preferred choice for foreign exchange. Additionally, with the rise of digital finance, converting USD to various cryptocurrencies has become straightforward through numerous online platforms and exchanges, enhancing its versatility in the modern financial landscape.
More United States Dollar (USD) informationTo buy Bitcoin using United States Dollar, first, find a cryptocurrency exchange that supports the BTC/USD trading pair, such as M2 or YouHodler. Create an account, verify your identity, and deposit your USD into your exchange wallet. Locate the BTC/USD pair on the trading platform and place an order to exchange your United States Dollar for Bitcoin. If the BTC/USD pair is unavailable, you can first exchange United States Dollar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Bitcoin for United States Dollar, first, find a cryptocurrency exchange that supports the BTC/USD trading pair, such as M2 or YouHodler. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the BTC/USD pair on the trading platform and place a sell order to exchange your Bitcoin for United States Dollar. If the BTC/USD pair is unavailable, you can first sell Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for United States Dollar. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
In a significant move, Nigerian authorities have frozen $38 million in cryptocurrency linked to...
As Bitcoin continues to gain traction among institutional investors, the question of its potential...