Average price 7 days
19,939.17 Dollar
Highest price
20,424.59 Dollar
Trading volume 24 hours
47,611.69 Dollar
Average price 7 days
632,615,660 Toman
Highest price
644,678,250 Toman
Trading volume 24 hours
10,815,739,814 Toman
Bitcoin is a decentralized cryptocurrency that was created in January 2009. Bitcoin follows the plan outlined in its white paper, which was put together by a mysterious individual or group called Satoshi Nakamoto.
It is still unclear who created the technology. In contrast to government-issued currencies, bitcoin operates through a decentralized organization and offers lower transaction fees than traditional online payment mechanisms.
Since Bitcoin relies on cryptography for security, it is considered a cryptocurrency. Essentially, Bitcoin doesn't exist physically; instead, it's a balance sheet in a digital wallet made visible to the public, and all the records are encrypted.
Mining is the process by which bitcoin transactions are verified by a large number of computers and computing power. No bank or government issues or supports Bitcoin, and it is not considered a commodity.
There are now hundreds of cryptocurrencies known as "Altcoins" derived from it. The abbreviation "BTC" stands for bitcoin, which is commonly used for transactions.
It is not known for sure who created Bitcoin, or at least no one knows for sure. A person or group with the name Satoshi Nakamoto is credited with publishing the Bitcoin Whitepaper in 2008 and developing the original version of Bitcoin's software released in 2009.
Over the years, many people have claimed or rumored to be Satoshi Nakamoto, but to date, his true identity has remained a mystery.
With hedge funds, family offices, and institutional bankers adding bitcoin to their portfolios, bitcoin is ultimately recognized as a unique asset class. Even though this is a well-known fact for those who have been active in the Bitcoin community since the beginning, BTC differs significantly from traditional assets including real estate, stocks, and gold.
Bitcoin is the first financial asset to be completely decentralized. As opposed to stocks, currencies and real estate, Bitcoin's network is decentralized, keeping power in the hands of its users. Supply and distribution are instead determined by the network's algorithm.
Bitcoin can neither be controlled nor censored by any government or corporation due to its decentralization. This is just one of the many unique features of Bitcoin. Seizing private property and wealth has a long history. During the Great Depression of the 1930s, US President Franklin D. Roosevelt signed Executive Order 6102, which prohibited the hoarding of gold coin, gold bullion, or gold certificates within the continental U.S. Under eminent domain laws throughout Europe, Canada, and the United States, governments have the right to take private property for public purposes. Bitcoin's decentralization and digital existence, however, mean that the network cannot be censored. By democratizing asset classes, investors can store wealth and benefit from self-sovereignty. A recent incident demonstrated this when the German police seized a miner's crypto stash but could not access it without the password.
A hard cap on the supply of Bitcoin is another critical feature. Satoshi Nakamoto ensured there would never be more than 21 million Bitcoins. It may be the first time a digital object is limited in supply. Several factors contribute to the value of each Bitcoin, including inherent rarity and halving every four years.
The Bitcoin network stores every transaction on a block which is linked to a previous block. Blockchain technology is immutable, meaning no entity will be able to change or erase any information on the network. The Bitcoin network nodes verify transactions through cryptography, and the blockchain (which is essentially a public ledger) records them. The immutability of the network makes it reliable and trustworthy. The lack of transparency, forgery, or corruption that may be present in other asset classes make it unique.
In the past 12 years, Bitcoin has steadily become a mainstream asset. It is estimated that there are more than 100 million active BTC users worldwide. This is about the same as Japan, where the Japanese yen is the third most widely traded currency in the world. Bitcoin is more valuable due to its popularity and ubiquity. Due to its status as a legitimate store of value and the fact that so many people use it, Bitcoin has a significantly higher liquidity and acceptability than most other traditional assets.
What makes Bitcoin secure? The blockchain is its backbone. Blockchain technology relies on the use of secure core concepts and cryptography, which makes it superior to other financial solutions.
The Bitcoin network relies on cryptography to validate transactions using hashes signed by a large number of volunteers. Due to this system, Bitcoin transactions are generally irreversible, and data security is high.
Bitcoin's use is not propagated by intermediary banks, as it does not have government backing. In the Bitcoin network, consensus-based transactions are approved by a decentralized network of independent nodes.
Governments and other monetary authorities are unable to act as counterparties to risk and compensate lenders if a transaction fails.
Bitcoin can be bought and sold on an exchange using fiat currencies or other cryptocurrencies. Cryptocurrency exchanges are online platforms that serve as intermediaries between buyers and sellers.
The users of an exchange must register before transferring cryptocurrencies, and they must also undergo several verification steps to verify their identities.
As soon as the verification process is complete, the user will receive an account, which must be funded before coins can be purchased. OMPFinex lets you buy and sell Bitcoin. Registering on the OMPFinex platform requires you to authenticate your identity, deposit money into your account, and then place a buy or sell order.
You can buy BTC in 2 ways:
Note:
To convert Bitcoin to IR Rials, go to Toman Market and select the Bitcoin/Rial pair. Set the price and amount accordingly. After the market price reaches your chosen price, your order will be filled and its equivalent in IR Rials will be deposited in your wallet.
There are two ways to buy or sell bitcoins:
limit and market. The biggest difference between these two orders is that market orders are filled instantly.
With OMPFinex, a pioneer in blockchain science, users can store and trade cryptocurrencies in a secure environment, giving them the ability to buy and sell at the lowest price possible. Orders can also be placed using the OMPFinex application.
What Determines Bitcoin's Price?
Like all assets, bitcoin is subject to volatility. However, cryptocurrencies are not valued by a specific group or entity. Their price will fluctuate based on supply and demand.
Where can I buy Bitcoin?
With the help of local experts in this field, the OMPFinex platform has become one of the safest cryptocurrency exchange markets in Iran. OMPFinex provides a secure, efficient, and fast platform for buying Bitcoin.
What determines the Bitcoin price on OMPFinex?
Buyers place their order at the price they desire. On the other hand, sellers place their sale orders at the prices they desire. Whenever a transaction is made between buyers and sellers on the platform, the price of Bitcoin is changed in accordance with the last transaction.
How much transaction fee should we pay on OMPFinex exchange?
The transaction fee on OMPFinex depends on your transaction amount in a month. Users on this platform are divided into 4 levels. Level 1 includes users who have traded less than 20 million tomans in the last month, the fee of this level is 0.0035 of the total amount of bitcoins they buy. Level 2 includes users who have traded between 20 to 50 million Tomans in the platform in the last month, the fee of users of this level is 0.0030 of the total amount of bitcoins they buy. Level 3 includes users who have been more active and their trading volume is between 50 to 100 million Tomans in the last month. The fee for this level is 0.0025 of the total amount of bitcoins they buy, and finally level 4, which includes active users of the platform and their trading volume is above 100 Million Tomans in the last month. The fee for these users is 0.0020 of the total amount of bitcoins they buy.