We provide individuals and businesses a world class experience to buy and sell cutting-edge cryptocurrencies and digital tokens. Based and fully regulated in the USA, Bitcoin Generation is the go-to spot for traders who demand lightning fast trade execution, stable wallets, and industry-best security practices. Whether you are new to trading and cryptocurrencies, or a veteran to both, Bitcoin Generation.com was created for you!
Why trade Cryptocurrency and not Forex?
Easy to enter
To start trading bitcoin and earning money, you really need less than an hour – for the how to steps, just scroll down. If you want to start trading Forex,
you need to open an account – this takes several weeks until they send you the sign up forms and access code. Then it takes some days until you transfer some money
from your bank account to your Forex Broker.
We should not forget, that crypto-trading is also easy to leave. You just transfer your bitcoins out of the exchange into your wallet and you are done.
We don’t even want to start talking about how nerve-racking it is to quit your broker.
WHAT IS BITCOIN?
Every country has its own currency. Canada has Canadian Dollar, Eurozone have the Euro, Russia has the Rouble and the USA have US Dollars. We exchange money in banks or specialized foreign exchanges, transfer it worldwide and invest
it. In our times of technological innovation it is safe to say that most, if not all money transfers are conducted through the Internet. Is it then such a great surprise that an online currency such as Bitcoin has emerged? Interest in the currency
has grown towards the end of 2013 due to significant spikes in the currency’s value, but let’s start from the beginning. In 2009, an unknown programmer by the name of Satoshi Nakamoto put forward a whitepaper that proposed a
creation of new form of digital currency – cryptocurrency. Cryptocurrency functions the same way as regular currencies do in that its used as a means of exchange, unit of account and a store of value. Cryptocurrency, just
like other resources, has some demand for it, and subsequently a market price. The significant difference is Bitcoin’s intangibility – there is no bank-issued notes or papers – meaning that rather being used in
hand-to-hand transactions, Bitcoins are stored and exchanged digitally within a decentralized, peer-to-peer network.
HOW DOES BITCOIN WORK?
With traditional money, transferring funds from one account to another requires some intermediary authority or middleman. Even with hand-to-hand cash transactions, the issue, value and fiscal policy of money is
controlled by a trusted centralized authority (such as a bank, agency or government). Bitcoin operates differently in that no middleman is required in transactions as the trust between actors is derived from
computer science and cryptology, rather than trust in a central establishment. It also means that Bitcoin is transferred directly from the sender to the receiver, with absolutely no intermediaries. A key point to note is
that because of this lack of central issuing body, cryptocurrency is created and transferred with the help of a process called “mining”. This process requires an extremely powerful computer to crunch down the billions
of calculations required to solve cryptological functions. In reality, the mining process is extremely complex and technical. Despite its complexity, the process is transparent and open for review due to the open-source nature