Currently, you can trade 4 of the world's most popular cryptocurrencies on Bitbuy
Bitcoin was first launched in 2009 by the pseudonymous Satoshi Nakamoto with the goal of creating the world’s first decentralized currency. Bitcoin uses blockchain technology to regulate the release of new Bitcoin and verify transactions independently of the banking system. It was designed as a way to pay for goods and services online without relying on the major banks and paying high transaction fees.
Ethereum is one of the major cryptocurrencies available today and it was designed to push blockchain technology into new frontiers. How does Ethereum differ from Bitcoin? There are a number of technical differences, but for the casual cryptocurrency user, Ethereum is a blockchain network that can be used to run programming code for decentralized applications. Ethereum’s cryptocurrency, Ether or ETH, is often used by to pay for transaction fees and development work on the Ethereum network.
Litecoin is often called Bitcoin’s little brother. Litecoin was created in 2013 by Charlie Lee by forking it from Bitcoin’s original code, resulting in a competitor that was focused on handling simpler online transactions. Whereas Bitcoin is optimally used as a high-security store of value (like digital gold) and making large international transfers (such as B2B transactions), Litecoin is the cryptocurrency for the everyday consumer.
4. Bitcoin Cash
Bitcoin Cash is a late-comer to the cryptocurrency game. Bitcoin Cash came out of a fork from Bitcoin’s code with the intention of making cryptocurrency scalable and able to compete with the kind of transaction speeds that online payment giants PayPal and Visa offer.
- Bitbuy only offers Canadian dollar trading pairs and does not trade against any other currency