What is Bitcoin
Bitcoin (or BTC) is the world’s first and largest cryptocurrency. Launched in 2009, its creator, Satoshi Nakamoto, established Bitcoin as a “peer-to-peer digital cash system”. This means payments can be made between two individuals without using a third-party, such as a bank.
The cryptocurrency has revolutionised how we perceive digital money. Bitcoin’s value is based on scarcity, as only 21 million tokens will ever be created. This means it is also considered a deflationary asset.
The first documented item purchased with BTC was pizza! In 2010, 10,000 BTC was exchanged for two large pizzas from Papa John’s. At today’s BTC prices, this purchase is worth over AU$600 million.
Buy Bitcoin in 3 easy steps
Sign up to BTC Markets
Once your profile is complete, we will verify your identity.
Add funds to your account
Click Account and navigate to the Deposit page in order to deposit funds using BPAY or Osko.
Visit the Buy/Sell page to start buying Bitcoin.
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