Bitcoin Price - BTC/USD : $63,181.69
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What is Bitcoin (BTC)?
Bitcoin is more than just digital money. It is the world's first fully decentralised digital currency and payment network. Bitcoin (BTC) is the most popular cryptocurrency, with a market cap that makes up almost half the entire market. With a fixed maximum supply of 21 million, Bitcoin is a scarce digital asset. After the remaining ten percent has been mined, there will be no more Bitcoin minted.
Money without middlemen
Bitcoin allows people to send money to each other without needing to go through a third party. It operates free of central control and without bias. Anyone can send and receive Bitcoin payments, from anywhere in the world, using an online wallet.
Sending overseas remittances and making micropayments with Bitcoin is far cheaper than traditional methods. It is widely accepted, and for some retailers, Bitcoin is even the preferred payment method. In many countries, there are even Bitcoin ATMs that allow travellers to withdraw cash into the local fiat currency, without paying expensive fees.
In cryptography, we trust
The protocol runs on open-source software that is distributed across a global peer-to-peer (P2P) network of computers. Bitcoin replaces financial intermediaries with cryptography. This is where the name cryptocurrency comes from. Bitcoin facilitates trustless transactions and uses a proof-of-work (PoW) mining algorithm to validate and confirm data. Transactions are processed in blocks and linked together in a chain, hence the name blockchain.
Bitcoin has revolutionised money. Its arrival is hard to overstate. Built upon decades of research in computer science, Bitcoin has had a profound impact on modern economics. Without Bitcoin’s blockchain, there would be no other cryptocurrencies, and without the blockchain, there would be no Bitcoin.
Frequently asked questions
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Trending cryptocurrencies
- XRP (XRP)Usd 0 .52640−2.39%
- Bitcoin (BTC)Usd 63,181 .69−0.78%
- Ethereum (ETH)Usd 2,448 .83−1.41%
- USD Coin (USDC)Usd 0 .99460+0.63%
- Dogecoin (DOGE)Usd 0 .10707−5.1%
- Tether USD (USDT)Usd 1 .00677+0.62%
- Solana (SOL)Usd 144 .9784−2.55%
- Cardano (ADA)Usd 0 .35327−1.82%
How we treat client assets
No commingling of customer funds: we keep client assets completely separate from our own.
1:1 reserves
We maintain a full 1:1 reserve of all client fiat and crypto assets.
We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.
Audited
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
Segregated funds
We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.
We keep your assets safe. That is our promise.
Sole custodian
Independent Reserve is the sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.
We adhere to industry best practices and never lend, trade or reinvest your assets.