Bitcoin was first introduced in the market through a white paper by a person or group of people named Satoshi Nakamoto. After a year of its first introduction, the first Bitcoin transaction took place in the year 2009. In January 2009, Matti Malmi did the first Bitcoin transaction by selling off 5,050 BTC for $5.02 using the help of a bitcoin core coder to ardent anarcho, who was a venture capitalist.
Talking about the first Bitcoin exchange site-bitcoinarket.com, was introduced on February 6, 2010.Post this, on May 22, 2010, a guy bought two pizzas worth $30 by exchanging 10,000 BTC, making it the first ever commercial Bitcoin transaction. After this, Bitcoin value continued to rise and has always been exchanged for an impressive value.
Bitcoin Exchange Rates
If you are planning to invest in Bitcoin, you should be aware of Bitcoin price history. The price of Bitcoin has increased by multiple folds since its first transaction back in 2009. In mid-November 2015, Bitcoin was priced at about 2854.17 AUD which had increased from 1459.21 AUD as recorded on 29 November 2013. In December 2017, the cryptocurrency market witnessed bitcoin big bang which is the name given to the event when Bitcoin price had reached an all-time high amount of 23222.56 AUD. However, within the next 24 hours, it lost 33.34% of its value and the current Bitcoin price is lesser that what it was in 2017. On 5 February 2018, Bitcoin witnessed a price a drop of as low as 9081.45 AUD. As recorded recently, Bitcoin is worth 11,101.43 AUD.
How and where can you buy BTC?
If you are planning to buy Bitcoins then it is very essential for you to buy it from a trusted source. You can exchange your fiat money for bitcoins from an exchange or directly with another individual as well. When signing up with a reputable bitcoin exchange platform, you will have to go through security checks and follow all the rules and regulations mentioned by the exchange including the Know-Your-Customer (KYC) and Anti-Money Laundering (AML) regulations. On these exchanges, you can access bitcoin price chart and bitcoin price in dollars. Additionally, you will also be capable of tracking down the Bitcoin price live on these exchanges. These exchanges serve as a perfect platform when you want to make well-informed decisions about your bitcoin transactions using bitcoin charts.
On these exchanges, you can directly exchange your fiat money for one bitcoin or even a fraction of it. Exchange your AUD for BTC using credit or debit card. In case you are planning to exchange 1 AUD for BTC, you’ll get nothing more than 0.000090 BTC.
So, it is not necessary that you need to have a big balance in your bank to buy 1 BTC. If you want to start with a small investment then even 1 AUD is enough to start your investment in the cryptocurrency.