Bitcoin Exchange Market: Global Industry Analysis and Forecast 2016 - 2024

Bitcoin Exchange Market: Global Industry Analysis and Forecast 2016 - 2024

Persistence Market Research

Bitcoin Exchange Market: Global Industry
Analysis and Forecast 2016 - 2024

Persistence Market Research

1

Bitcoin Exchange Market: Global Industry Analysis and Forecast 2016 - 2024
Persistence Market Research Released New Market Report on “Bitcoin Exchange Market:
Global Industry Analysis and Forecast 2016 - 2024”.
Bitcoin is a form of digital currency that is traded across the world through computing devices.
Bitcoin can be converted in other currency such as dollars and euros; however, there is no
control over the price of Bitcoin. The main concept behind Bitcoin is to produce and trade a
currency that is totally decentralized.
Conventional currencies are based on gold or silver reserves but Bitcoin is based on
mathematics calculations. It follows a software program based on purely mathematical
calculations. This program is available in open source environment so that everybody around
the world can look into it. Bitcoin can be exchanged through various credit cards and payment
gateways including PayPal.
Usages of Bitcoin


Bitcoin Wallet Creation



Wallet to Wallet Bitcoin Transfer



Payment Using Bitcoin



Bill Payment Using Bitcoin



Exchange of Bitcoin with Local Currency

Bitcoin exchange use peer to peer technology to transfer funds with no middle man or central
authority involved. All the transactions are controlled by computer network itself, making it
fastest payment method available in world. Bitcoin exchange method complete financial
transaction within 10 minutes as compared to other currencies which takes one or two days to
complete international transactions.. The agility of payment transaction and feature of open
source environment are driving the growth of the global Bitcoin exchange market. Another
driving factor for this market is very low processing fees for payment transactions due...