Cryptocurrency exchange
A cryptocurrency exchange, or a digital currency exchange, is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies
Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual. It's like an online version of cash. ... People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people in seconds
The currency began use in 2009 when its implementation was released as open-source software. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services, but the real-world value of the coins is extremely volatile.
As of June 2021, bitcoin was legal in the U.S., Japan, the U.K., and most other developed countries. In the emerging markets, the legal status of bitcoin still varied dramatically. China heavily restricted bitcoin without actually criminalizing the holding of bitcoins
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