Bitcoin is the first decentralized digital currency and the leading cryptocurrency worldwide. Bitcoin serves as a store of value and is therefore often referred to as digital gold.

The price of bitcoin is a market price made up of supply and demand. If more people want to buy bitcoin than sell, the price will rise.

It is possible to buy only a small part of a Bitcoin. The smallest unit of a bitcoin is called satoshi. Each bitcoin can be divided into 100,000,000 satoshi. A satoshi is currently worth around 0.01 cents.

Bitcoins can be bought on bitcoin exchanges on the Internet. To buy bitcoins on an exchange, you need to open an account and verify your identity.

A bitcoin exchange is a marketplace where buyers and sellers trade bitcoins. Similarly to stock exchanges, a bitcoin exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.

Is now a good time to buy bitcoins? We don’t know. Since the price of bitcoin changes all the time, it is worthwhile to compare prices when buying bitcoin. With the help of our price alarm, you can also be notified when bitcoin reaches your desired price.

There are several factors to consider when buying bitcoin. On the one hand, prices and fees should be compared. Furthermore, the verification is an important point, as this can take from a few minutes to several weeks, depending on the bitcoin exchange. The payment method with which the bitcoin should be paid also plays a role. Last but not least, the security of the bitcoin exchange should be considered.