Bitcoin Price - BTC/SGD : $90,551.29

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Order book BTC / SGD

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Bitcoin: SGD 90,508.63
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Btc
Btc
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Bitcoin: SGD 90,349.86
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Btc
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What is Bitcoin (BTC)?

Bitcoin is the first cryptocurrency and blockchain in the world. It facilitates direct online payments between people without a third party. The Bitcoin network is decentralised and does not need a bank to confirm and record transactions. Instead, it relies on cryptography and a peer-to-peer (P2P) network to exchange and secure funds on the blockchain.

A new form of money

Bitcoin was created in 2008, just after the global financial crisis. It introduced the first secure digital payment system that could operate without a middleman. Bitcoin replaces financial intermediaries and processes trustless transactions through a mining system called proof-of-work (PoW). It is the most robust consensus mechanism a blockchain can use and was also the first one created.

Bitcoin redefines money. It has done for online payments what email has done for sending letters. Bitcoin’s blockchain has provided the technology that allows other cryptocurrencies to exist and has resulted in the creation of a multi-trillion-dollar industry.

Nations around the world are embracing Bitcoin for the economic benefits it promises. It is widely accepted and there are even Bitcoin ATMs that allow people to withdraw fiat currency in other countries.

Bitcoin is the most widely known cryptocurrency

Bitcoin (BTC) is ranked #1 with a market cap that is almost half of the entire crypto market. It is deflationary in nature, with a fixed supply of 21 million Bitcoin. Over ninety percent of all Bitcoins have already been mined with the last expected to be minted by 2140. After this, no more Bitcoin can ever be created.

To understand more about Bitcoin, download the ebook The People’s Money, written by Adam Tepper, co-founder of Independent Reserve.

Frequently asked questions

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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 digital assets.

We hold the vast majority of digital assets in secure offline cold storage protected in underground vaults with maximum security.

Audited and licensed

We are the first crypto exchange to be licensed by MAS.

Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to verify our holdings with annual audits of our financial statements. 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.

Single purpose asset utilisation

We do not engage in any lending, borrowing or rehypothecation of assets (i.e. pledging assets as collateral for debt). Your assets are used solely for the purpose of enabling you to transact on our platform.