Bitcoin Price and Cryptocurrency - IQ Option Guide

Bitcoin Price Cryptocurrency Trading Guide. Now trade bitcoins with IQ Option*("Not official") Mobile - Now easily trade Bitcoin on your Android device.

No Bitcoin Wallet or Bitcoin Mining is required !

WHAT DO I GET ?

A Free $10,000 demo Bitcoin Price Trading account with IQ Option.

WHAT IS THIS APP ALL ABOUT ?

You can now trade Bitcoin, Ethereum, Dash, IOTA, Litecoin and Ripple on your android.

1) WHAT IS CRYPTOCURRENCY?

Cryptocurrencies are being mentioned more and more frequently in the media and the related technology is also becoming more commonplace in the financial sector. The virtual currency system is gradually moving into the mainstream.

A cryptocurrency is a virtual, also referred to as a digital, currency. It is a digital asset that acts as a medium of exchange of value. Cryptocurrencies act as alternatives to physical currency. The name “crypto”- currency stems from the fact that the virtual currency system applies principles of cryptography to secure transactions made in the digital system. Cryptographic measures are also used to control the supply of digital currency that is in circulation.

1) Bitcoin: Market Cap Jul 17: 38.2 USD Billion

The original and most popular cryptocurrency to date is Bitcoin. Bitcoin has become the closest cryptocurrency that is mainstream in usage with over 100,000 merchants and vendors accepting bitcoin as payment as of 2015. Further to this recent research from Cambridge University has indicated that for 2017 there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of which are using bitcoin.

2) Ethereum: Market Cap Jul 17: 19.4 USD Billion

Set up by a programmer initially involved in Bitcoin, Ethereum is an open-source, public, blockchain-based distributed platform that was formed based on an argument that Bitcoin lacked a general scripting language for application development. As such, to overcome this design issue, Ethereum developed a decentralized virtual machine, the Ethereum Virtual Machine (EVM).

3) Ripple: Market Cap Jul 17: 6.4 USD Billion

The primary reason people use Ripple is because it allows users to complete cross currency transactions in between 3 to 5 seconds whilst maintaining users privacy. The system is set up specifically as a real-time gross settlement system (RTGS) with the focussed purpose of being used as a currency exchange.

4) Litecoin: Market Cap Jul 17: 2.1 USD Billion

Litecoin is very similar to Bitcoin. However, Litecoin does offer users numerous technical advantages over Bitcoin. One of the key features is the Lightning Network which allows a larger number of transactions to be processed by the network per unit time. This has made the currency favourable for those looking for the least frictions and bottlenecks in processing. Litecoin can facilitate transactions approximately four times faster than Bitcoin.

5) Dash: Market Cap Jul 17: 1.4 USD Billion

Dash (previously named Darkcoin) is an open source peer-to-peer cryptocurrency that offers everything that Bitcoin offers with a number of additional features. The currency offers instant transactions through its InstantSend platform and private transactions through its PrivateSend technology - these two features have made Dash increasingly popular with users. Further, by operating with a decentralized governance system.

6) IOTA: Market Cap Jul 17: 739 USD Million

With IOTA launching open beta testing in the summer of 2016 the cryptocurrency has accumulated value at a rapid pace. This cryptocurrency has been specifically designed to act as a “settlement layer” - designed to maximise efficiency and allow direct transactions between users as frequently and quickly as possible.

General Risk Warning:
Binary Options trading carries a high level of risk and can result in the loss of all your funds.

Note-1:* "Not Official"

(This App is not the official app of IQ Option and is created for promotional purposes)