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Chart Type None CandleStick Closing Price Median Price OHLC Typical Price Weighted Close Price Band None Bollinger Band Donchian Channel Envelop (SMA 20 +/- 10%)

Moving Averages None Simple Exponential Triangular Weighted None Simple Exponential Triangular Weighted

Technical Indicators large indicators None Accumulation/Distribution Aroon Oscillator Aroon Up/Down Avg Directional Index Avg True Range Bollinger Band Width Chaikin Money Flow Chaikin Oscillator Chaikin Volatility Close Location Value Commodity Channel Index Detrended Price Osc Donchian Channel Width Ease of Movement Fast Stochastic MACD Mass Index Momentum Money Flow Index Neg Volume Index On Balance Volume Performance % Price Oscillator % Volume Oscillator Pos Volume Index Price Volume Trend Rate of Change RSI Slow Stochastic StochRSI TRIX Ultimate Oscillator Volume William's %R None Accumulation/Distribution Aroon Oscillator Aroon Up/Down Avg Directional Index Avg True Range Bollinger Band Width Chaikin Money Flow Chaikin Oscillator Chaikin Volatility Close Location Value Commodity Channel Index Detrended Price Osc Donchian Channel Width Ease of Movement Fast Stochastic MACD Mass Index Momentum Money Flow Index Neg Volume Index On Balance Volume Performance % Price Oscillator % Volume Oscillator Pos Volume Index Price Volume Trend Rate of Change RSI Slow Stochastic StochRSI TRIX Ultimate Oscillator Volume William's %R None Accumulation/Distribution Aroon Oscillator Aroon Up/Down Avg Directional Index Avg True Range Bollinger Band Width Chaikin Money Flow Chaikin Oscillator Chaikin Volatility Close Location Value Commodity Channel Index Detrended Price Osc Donchian Channel Width Ease of Movement Fast Stochastic MACD Mass Index Momentum Money Flow Index Neg Volume Index On Balance Volume Performance % Price Oscillator % Volume Oscillator Pos Volume Index Price Volume Trend Rate of Change RSI Slow Stochastic StochRSI TRIX Ultimate Oscillator Volume William's %R None Accumulation/Distribution Aroon Oscillator Aroon Up/Down Avg Directional Index Avg True Range Bollinger Band Width Chaikin Money Flow Chaikin Oscillator Chaikin Volatility Close Location Value Commodity Channel Index Detrended Price Osc Donchian Channel Width Ease of Movement Fast Stochastic MACD Mass Index Momentum Money Flow Index Neg Volume Index On Balance Volume Performance % Price Oscillator % Volume Oscillator Pos Volume Index Price Volume Trend Rate of Change RSI Slow Stochastic StochRSI TRIX Ultimate Oscillator Volume William's %R

Options Show Volume BarsVolume in CurrencyParabolic SARLog ScalePercentage Scale

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Bitcoincharts | Charts

About

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority or banks.

Bitcoin is design to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes.

Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on.

The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.

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Bitcoin (BTC) Price, Chart, Info | CoinGecko

Paxful Inc., a peer-to-peer bitcoin exchange, is seeing significant growth in Africa. The U.S.-based company said Africans now accounted for the largest number of people buying and selling cryptocurrency on its platform, with average monthly transactions totaling $64.5 million.

Also Read:Brazilian Banks Ordered to Reopen Cryptocurrency Exchanges Frozen Accounts

Over the past year, users from the African continent of 1.2 billion people soared by 225 percent, Ray Youssef, chief executive officer of Paxful, told South African media. Transactions on the exchange climbed 60 percent in Nigeria, Africas biggest economy, 25 percent in South Africa, the continents most sophisticated economy, and by up to 100 percent in other parts of Africa.

The adoption of bitcoin across the globe re-affirms our belief that crypto will take its place as a mainstream financial system, Youssef was quoted as saying. As has been the case with other disruptive financial tech innovations like mobile money, Africa is leading the peer-to-peer financial revolution.

Each month, more people from Africa are opening new accounts with Paxful than from any other region of the world, he explained. The surge illustrates how Africas swelling population of millennials is quickly taking to cryptocurrencies, not only to circumvent the system (dominated by monopolistic institutions such as legacy banks and the state), but also to hedge against inflation and fiat currency volatility while enjoying lower transaction costs. On average, Africas young people spend $59 each on BTC via Paxful, Youssef said.

However, the increase in adoption is in sharp contrast to the often heavy-handedness with which some African governments have responded to digital assets. This is despite the continent being a region where virtual currency is viewed by many as key to mainstreaming the 350 million unbanked adults. Zimbabwe, Zambia, Namibia and Mozambique have all banned cryptocurrency, while Kenya, Nigeria, Senegal, Uganda and South Africa have adopted a somewhat pragmatic approach.

Other datafrom peer-to-peer exchange Localbitcoins reveals that Russia dominates bitcoin trading with over a quarter of all the platforms volume, followed by Venezuela at 12.2 percent and the U.S. at 11.8 percent. African countries trail, with transactions originating from Nigeria accounting for 7.6 percent of total volume, South Africa 1.3 percent and Kenya at 0.7 percent.

Artur Schaback, chief operating officer of Paxful, said African consumers tend to use cryptocurrency to buy goods, mostly from overseas, as well as investments in promising blockchain startups.

As a company, weve learned a lot from African consumers. For instance, weve improved our mobile capabilities to cater to the widespread use of smartphones on the continent. Our experience in Africa has strengthened our capability to serve consumers regardless of geographical location or origin, he explained.

What do you think about cryptocurrency adoption in Africa? Let us know in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on ourBCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts atSatoshis Pulse, another original and free service from Bitcoin.com.

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Africa Dominates P2P Bitcoin Exchange Paxful With $64 Million ...

No Central Command

Bitcoin isnt owned by anyone. Think of it like email. Anyone can use it, but there isnt a single company that is in charge of it. Bitcoin transactions are irreversible. This means that no one, including banks, or governments can block you from sending or receiving bitcoins with anyone else, anywhere in the world. With this freedom comes the great responsibility of not having any central authority to complain to if something goes wrong. Just like physical cash, dont let strangers hold your bitcoins for you, and dont send them to untrustworthy people on the internet.

There are several different types of Bitcoin wallets, but the most important distinction is in relation to who is in control of the private keys required to spend the bitcoins. Some Bitcoin wallets actually act more like banks because they are holding the users private keys on behalf. If you choose to use one of these services, be aware that you are completely at their mercy regarding the security of your bitcoins. Most wallets, however, allow the user to be in charge of their own private keys. This means that no one in the entire world can access your account without your permission. It also means that no one can help you if you forget your password or otherwise lose access to your private keys. If you decide you want to own a lot of Bitcoin it would be a good idea to divide them among several different wallets. As the saying goes, dont put all your eggs in one basket.

Like everything, Bitcoins price is determined by the laws of supply and demand. Because the supply is limited to 21 million bitcoins, as more people use Bitcoin the increased demand, combined with the fixed supply, will force the price to go up. Because the number of people using Bitcoin in the world is still relatively small, the price of Bitcoin in terms of traditional currency can fluctuate significantly on a daily basis, but will continue to increase as more people start to use it. For example, in early 2011 one Bitcoin was worth less than one USD, but in 2015 one Bitcoin is worth hundreds of USD. In the future, if Bitcoin becomes truly popular, each single Bitcoin will have to be worth at least hundreds of thousands of dollars in order to accommodate this additional demand.

There are several ways to buy Bitcoin, but trusted exchanges are a great way to acquire Bitcoin. Because there are inefficiencies in the traditional banking system, exchanges will sometimes have slightly different prices. If the difference is too great, traders will buy low on one an exchange and sell high on another and close the gap. If an exchange constantly has substantially different prices than others, it is a sign of trouble and that exchange should be avoided. As with everything else, do your research and find an exchange you can trust. Its also a good idea not to use an exchange as a wallet. Move your Bitcoin to your personal wallet so that you have control over your funds at all times. You can view our list of Bitcoin exchanges here.

Because all Bitcoin transactions are stored on a public ledger known as the blockchain, people might be able to link your identity to a transaction over time. Some companies offer various tools such as Bitcoin mixers to help achieve greater privacy, but it takes a huge amount of effort to use Bitcoin anonymously. You may want to follow your countrys tax regulations regarding Bitcoin in order to avoid trouble with the law, but you have the power not to should you choose to take that risk. To improve privacy, most newer Bitcoin wallets will use a new Bitcoin address each time someone sends bitcoins to you.

Bitcoin transactions are seen by the entire network within a few seconds and are usually recorded into Bitcoin's world wide ledger called the blockchain, in the next block. While its possible that a transaction wont be confirmed in the next block, in the vast majority of circumstances it is fine to accept a transaction as soon as it has been seen by the network. Unlike traditional payment systems, Bitcoin transactions are lightning fast and can be sent globally. Bitcoin is still relatively new, but with each passing day the technology becomes more reliable. It is more and more unlikely that a major bug will emerge in the system as time goes by, and people can trust the technology more with the passing of time. Each month people transact hundreds of millions of dollars worth of Bitcoin.

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Things you need to know Bitcoin.com