How did Bitcoin develop? Where can I buy Bitcoin at present?

Bitcoin, a decentralized cryptocurrency, has attracted widespread attention since its inception. Its development history began in 2008, when an anonymous person who claimed to be Satoshi Nakamoto released the Bitcoin white paper. In 2009, the Bitcoin network was officially launched, marking the birth of Bitcoin. Over time, the value of Bitcoin has gradually risen and has become a highly sought-after investment vehicle.

1. How did Bitcoin develop?

‌BitcoinThe origin and development history of Bitcoin can be traced back to the background of the 2008 global financial crisis. A mysterious figure named "Bitcoin: A peer-to-peer" The white paper of Electronic Cash System proposes the concept of Bitcoin. On January 3, 2009, Satoshi Nakamoto mined the first block of Bitcoin on a small server in Helsinki, Finland - ‌, and received the first mine reward - 50 Bitcoins, which marked the official birth of Bitcoin. Bitcoin is designed based on the concept of decentralization and uses blockchain technology to ensure the security and anonymity of transactions, aiming to solve the problems of centralization, opacity and susceptibility to manipulation of the traditional financial system.

Bitcoin's early development was not smooth, and it did not attract widespread attention at first, and trading activities were extremely limited. Until October 2009, New Liberty StandardNew Liberty Standard launched the US dollar trading service to provide early transactions of Bitcoin. An important platform. Over time, the price of Bitcoin has experienced multiple fluctuations, from the first few cents to the later tens of thousands of dollars. On May 22, 2010, an engineer named ‌Laszlo Hanyecz purchased 2 pizzas with 10,000 bitcoins. , This is the first time Bitcoin is used for physical transactions.

As Bitcoin's popularity gradually increases, its price has also begun to fluctuate significantly. Governments of various countries have also begun to pay attention to the regulatory issues of Bitcoin and have introduced a series of policies to regulate the transaction and use of Bitcoin. Although the introduction of regulatory policies has brought certain impacts to the Bitcoin market, Bitcoin still maintains strong vitality and influence.

Bitcoin has experienced many halving events in its development history. This is a precoding event that occurs once every 210,000 blocks set in the Bitcoin protocol (cycle approximately every four years). Designed to control the issuance of new Bitcoins and maintain its scarcity. For example, three halving events occurred in 2012, 2016 and 2020, respectively, resulting in market volatility and increased speculation in the cryptocurrency sector.

With the development of technology and the maturity of the market, the application scenarios of Bitcoin are also constantly expanding. For example, the nonprofit "Electronic Frontline Foundation" and WikiLeaks began to accept Bitcoin donations, and the bit payment service provider BitPay was established in May 2011 to become a PayPal-style enterprise in the Bitcoin world. In addition, more and more commercial institutions and enterprises have begun to accept Bitcoin as a payment method, demonstrating the wide application potential of Bitcoin in the financial field. ‌

Where can I buy Bitcoin at present?

1. Cryptocurrency Exchange

There are currently some exchanges in China that provide Bitcoin trading services, but it should be noted that , These exchanges usually only support currency trading, that is, purchase another cryptocurrency with one cryptocurrency, and do not support fiat currency (such as the national currency) to directly purchase Bitcoin. The following are some of the more well-known exchanges:

OKEx: Ouyi [adid]72b32a1f754ba1c09b3695e0cb6cde7f[/adid][adid]66f041e16a60928b05a7e228a89c3799[/adid]OKEx is also the most popular in China A well-known cryptocurrency exchange provides trading services for a variety of cryptocurrencies. Users also need to register an account and complete real-name authentication, and then recharge other cryptocurrencies to conduct currency transactions.

Huobi.com: Huobi.com is one of the more well-known cryptocurrency exchanges in China. It provides trading services for a variety of cryptocurrencies. Users need to register an account first, and then Through real-name authentication, after completing the authentication, you can recharge other cryptocurrencies (such as USDT) to Huobi.com, and then purchase Bitcoin through currency transactions.

Binance [adid]9f61408e3afb633e50cdf1b20de6f466[/adid][adid]7f39f8317fbdb1988ef4c628eba02591[/adid]: Binance is the world's largest encryption One of the currency exchanges, although the server is not in China, it supports Chinese interface and can also be used by domestic users. The operation steps are similar to Huobi.com. You need to register an account first and complete real-name authentication, and then recharge other cryptocurrencies to conduct currency transactions.

2. OTC (OTC)

OTC Trading It refers to cryptocurrency transactions conducted outside the exchange. Some domestic platforms provide over-the-counter trading services. Users can directly purchase Bitcoin in their own currency. The following are some well-known over-the-counter trading platforms:

LocalBitcoins: LocalBitcoins is a global over-the-counter trading platform that supports a variety of payment methods, including Alipay, WeChat payment, etc. Users can find sellers on the platform, and then Transactions are conducted by negotiating prices and payment methods.

RenrenBit: RenrenBit is a more well-known over-the-counter trading platform in China, providing a variety of payment methods, including Alipay, bank cards, etc. Users can find sellers on the platform. Then the transaction is conducted by negotiating prices and payment methods.

3. P2P lending platform

P2P lending platform refers to the passage of By borrowing and lending, users can lend their fiat currency to other users and then obtain Bitcoin as interest. This method is risky and requires careful operation.

4. Bitcoin ATM machineAlthough the number of domestic Bitcoin ATM machines is the Relatively few, but in some big cities, it can still be seen that users can buy Bitcoin directly with cash through Bitcoin ATMs.

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