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Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, since the system works without a central repository or single administrator. It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

Contract for Difference (CFD) speculation on cryptocurrency price movements through a trading account, or buying and selling underlying coins through an exchange is known as cryptocurrency or crypto trading. CFD trading is a type of derivative that allows you to place bets on Bitcoin (BTC) price changes without holding the underlying currencies.For example, you can go long (buy) if you believe the value of a cryptocurrency will rise, or short (sell) if you believe the value will fall. Both are leveraged instruments, which means you only need a small deposit to have total exposure to the underlying market, which is known as margin trading crypto. However, because your profit or loss is still determined based on the total size of your investment, trading crypto leverages both income and loss.Furthermore, cryptocurrency options are used by investors to reduce risk or increase market exposure. Crypto options trading refers to a "derivative" financial instrument that derives its value from the price of another asset - in this case, the underlying cryptocurrency. Before thinking of venturing into crypto trading, it is important that one has a comprehensive understanding of the assets and technologies involved. Bitcoin is the soil from which thousands of other cryptocurrencies have evolved.

A cryptocurrency exchange refers to a website or service where one can sell or buy digital currency or convert fiat currency into digital currency. Market rates in crypto exchanges fluctuate similarly to stock exchanges. Exchanges have wallets, mostly web-hosted wallets on a website. To access your wallet, you need to create an exchange account and sign in. Wallet : The decision to store bitcoins in an exchange or wallet is purely a personal choice. However, if the exchange is hacked or the owners traded the currency and fled, storing your bitcoins on the exchange could result in you losing all your digital currency. The only benefit you get from storing your currency on an exchange is a convenient experience as you never have to worry about backing up or securing your platform.