Bitcoin is a virtual currency that can be used to pay friends, make payments or purchase goods electronically. Bitcoin currency code is BTC and every bitcoin transaction processed is digitally logged with the time of purchase and who owns how many bitcoins, meaning there is an GBPit trail for all activity. The people who constantly verify these digital logs are known as ‘miners’ and they ensure all transactions are secure and processed safely. Bitcoin is a relatively new currency (launching in 2008) and can often be volatile with high fluctuations in value. Despite this, it is growing in popularity with an increasing number of online and storefront businesses accepting bitcoin as a method of payment. It is estimated that over $1.5 billion worth of bitcoins are in circulation and millions of daily transactions occur. Obtaining bitcoins is simple and you can trade all traditional currencies for them. If you own bitcoins are a looking to exchange your BTC to GBP FX Compare can find you the best rate possible.
Exchanging your Currency.
Like traditional currencies, foreign exchange providers will help you convert your bitcoin currency in to the currency of your choosing. Also, like traditional currencies, the exchange rate will alter daily and the bitcoin exchange rate offered will be different across FOREX providers. FX Compare provides a comparison of bitcoin currency exchanges from providers listed, enabling you to see the best possible deal for your BTC to GBP transfer in real time. A quick and easy process, our simple to use tools have helped many customers save money on their transfer.
How we help.
There are now many providers who offer foreign exchange services, including transferring the electronic currency Bitcoin. You want to ensure you are receiving the best rate for your transfer, but scrolling through provider websites can be tiresome. FX Compare has made the process quicker and more effective by providing a comparison tool to review the rates offered from a list of providers, including major banks and alternative online solutions. We compare rates, services and fees charged to give an overall perspective on each one. All rates are updated regularly and we only work with trusted providers so you can search with confidence.