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Bitcoin is currently the most viral currency worldwide. over the past few years, This currency has gained huge name and popularity. In this article, I will cover everything about Bitcoin and how you can buy and sell Bitcoin in an Expert option trading platform.

What is Bitcoin?

Bitcoin is a virtual currency that acts as a digital money and can be used for daily transactions without the intervention of any intermediaries like banks and financial institutions. Bitcoin came into existence in the year 2009 by an anonymous developer or a group of developers using the same name Satoshi Nakamoto. Since, then this cryptocurrency has gained a huge name and popularity all around the world. The popularity of Bitcoin has inspired the development of many other cryptocurrencies like Ethereum and Litecoin.

How does Bitcoin work?

Talking about how it works, Bitcoin works on blockchain technology that allows users to buy or sell crypto currencies securely and transparently. To send and receive fund using Bitcoin users needs a digital wallet or software that allows user to store send and receive the currency. The wallet has a unique address with a unique string of letters and numbers that act as a user identity on the network. when a user wants to send or receive a Bitcoin to any other user they need to add a unique address using a digital wallet.

How to trade Bitcoin on Expert Option?

You can easily trade with Bitcoin on Expert Option you just need to follow the steps below.

Firstly, you need to be a member of the Expert Option trading community. To become an Expert Option member follow these steps:

1. Click this link and you will land on the Expert Option homepage.
2. Click on the registration button.
3. Enter your email address, password & hit free registration.
4. Next, click on the deposit button and pay at least $10 to get started.

Once, you have made the deposit. Click on the currency button and select your desired chart type.

Now, you need to analyse the chart with the help of indicators. Bitcoin is a volatile chart and indicators like RSI, Stochastic will be helpful.

Once you have analysed the chart properly. You need to place trades accordingly. If your trade is correct you will earn the invested amount plus the rate of return.

Summary

Bitcoin is one of the most popular cryptocurrencies worldwide over the few years this currency has gained a huge name and popularity. Bitcoin is a virtual currency that acts as digital money and can be used for daily transactions without the intervention of any intermediaries like banks or any other financial institution. The currency works on a block blockchain technology that allows users to buy or sell cryptocurrency securely and transparently. In order to buy or sell Bitcoin on an Expert option you need to become a member Exert option trading platform then make a deposit and analyse the chart with the help of indicators. If your trade is correct you will earn the invested amount plus the rate of return.