Bitcoin, free of central control and intermediaries, has experienced through the years of its existence both tremendous returns and exceptional volatility. From $.0008, its first USD/BTC exchange rate published on October 5, 2009, it has increased up to its record high of $20,089 on December 17, 2017, before plunging to $6,048.26 on February 6, 2018. In the footsteps of bitcoin, other major crypto-currencies have gained significant investor attention and market share, including ethereum and ripple. Cryptocurrency exchange is somewhat similar to the global online payment system, PayPal, except the currency being exchanged is not traditional money. The cryptocurrency procedure uses digital safeguards to ensure the security of transactions.
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