Bitcoin is the oldest and largest digital currency in the world based on market capitalization. Created in 2009 by a person (or persons) using the unknown alias Satoshi Nakamoto, Bitcoin is a form of decentralized electronic cash designed to provide a viable alternative to traditional money documents.
Instead of having to deal with a central authority such as bank transaction processing, bitcoins holders can transfer their currencies directly to each other on a peer to peer network. All bitcoin transactions are tracked in a public book, known as blockchain, and people working as miners verify transactions and update the blockchain.
The maximum bitcoin coin offer is limited to 21 million, but it is possible to buy a small part of a currency: each individual currency can be divided into 0.00000001 BTC.
BitPay has relationships with many digital homes around the world. When calculating our exchange rates for BitPay invoices, we only incorporate digital exchange rates that meet our regulatory, functional requirements and market depth requirements.
To calculate the exchange rate of US dollars, we usually derive the depth of the foreign exchange market with sufficient liquidity and reliable export opportunities in the US. UU And the eurozone. Taking into account the "depth of the market" in our exchange rates, this means that the higher the invoice value, the lower the exchange rate. This is usually only seen in very large accounts.Bitcoin to Norwegian krone Exchange and Get Cash Payment