Bitcoin price

Bitcoin
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XRP
Bitcoin Cash
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About Bitcoin

Bitcoin (BTC) is the world’s first decentralised cryptocurrency. It was created in 2009 by Satoshi Nakamoto, whose true identity is still yet to be confirmed. It follows a set of ideas first introduced in Nakamoto's white paper, 'Bitcoin: A Peer-to-Peer Electronic Cash System', published on October 31, 2008.

Bitcoin uses peer-to-peer technology to facilitate payments that require no central authority to operate. Individuals who contribute computing power to the Bitcoin network, also known as ‘miners’, are incentivised by rewards and transaction fees paid in Bitcoin. One Bitcoin is divisible to eight decimal places, and the smallest unit is known as a satoshi.

Frequently asked questions

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How is the price of Bitcoin calculated?

The price of Bitcoin and other cryptocurrencies are determined by supply and demand: the buyers who want a certain currency and the sellers who have that currency. Luno does not set the price of Bitcoin or any cryptocurrency.

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Why is the Bitcoin price different on Google?

There is no global Bitcoin price, it isn’t pegged to any currency, country or Bitcoin platform. When you see the price on Google, it is simply showing an estimated, international price.

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Do I need to buy a whole Bitcoin?

No. Bitcoin and most other cryptocurrencies are divisible. You can spend a small amount of money and buy or sell very small amounts over time.

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How do I actually buy Bitcoin?

You can buy Bitcoin through our app as well as our Exchange. After you’ve signed up with Luno, you can deposit money to your account.

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