If Bitcoin was the same as the Turkey Lira and the US dollar, then it seems to have no necessity of existence. So what makes Bitcoin so special?
The greatest difference of Bitcoin lies in it's decentralization which means there is no central bank for Bitcoin. There is no institution, government, or other third party that regulates the issuance and circulation of Bitcoin. In other words, though Bitcoin is a digital currency, it is also another currency existing in the world. One difference between the digital currency (such as Bitcoin) and the physical currency (such as the Turkey Lira or the US dollar) is that Bitcoin has no physical carrier; it is generated by a complex string of computer-generated code.
Unlike Turkey Lira or US Dollar, Bitcoin must be settled electronically. Bitcoin is not a paper currency or coin; it has no physical form. Bitcoins also do not have a centralized issuer, but are generated by the calculations of network nodes. Anyone can participate in the creation of bitcoins which can be circulated worldwide, bought and sold through any computer with Internet access, and anyone can mine, buy, sell, or receive bitcoins no matter where they are located, and no one can identify the user's identity information during the transaction.
Though Bitcoin has the basic characteristics of a government currency, it's not managed by any country or company. This groundbreaking concept makes Bitcoin unique.
How to buy bitcoin?
Looking for a way to buy Bitcoin. You can purchase BTC on CoinTR following the steps:
1. Log into your CoinTR account and click [Markets]. Click on [Spot].
2. Search “BTC” using the search bar to see the available trading pairs. Take BTC/USDT as an example, click [Trade].
3.Go to the [Spot] box. Enter the amount of BTC you want to buy. You can choose from opening a Limit order or a Market order. Take Market order as an example. Click [Buy BTC] to confirm your order. You will find the purchased BTC in your Spot Wallet.
Disclaimer: The views, thoughts, and opinions expressed in the article shall not be considered as investment advice and do not reflect the position of CoinTR, please use it at your own risk.