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A simple way to manage and track your cryptocurrency portfolio.
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Seamlessly send cryptocurrency to anybody, anywhere in the world.
Our easy-to-use Rubix cryptocurrency wallet is accessible from both your web browser and smartphone. Quickly and conveniently exchange BTC into fiat currency, such as USD, via our secure platform. We are an industry leader in data encryption and we’ve built an encrypted platform that doesn’t collect any of our user’s data. At Rubix, our dedicated support team actively works to ensure smooth exchanges with low transaction fee(s).
What is Bitcoin (BTC)?
Bitcoin is a cryptocurrency that was created by Satoshi Nakamoto in 2008, and as of 2021, it is the world’s largest cryptocurrency. Peer-to-peer technology is used to instantly transfer payments between people anywhere in the world, with all transactions taking place on a decentralized public ledger that lives on the blockchain. Individuals and businesses are continuing to adopt BTC in place of traditional currencies due to its decentralization from governments and financial institutions.
Bitcoin is designed to have limited supplies at 21 million. As of June 2021, over 18 million bitcoins are in circulation, which is 89% of the total supply. The last bitcoin is estimated to be mined in 2140 or over a hundred years from now.
As a sign of respect for Bitcoin’s creator, the smallest unit of a bitcoin is known as a satoshi. One satoshi is valued at around 0.00005 U.S. dollars (as on 11th April 2019), which is a very, very low value. To make one bitcoin, you need approximately one hundred million satoshis. According to current bitcoin values, which fluctuate a lot, to make a dollar you need close to 15,800 satoshis.
The process of mining bitcoins is expensive; you pay a lot in money, time, and electricity. Mining bitcoins requires servers used for that specific purpose. The faster you process the data, the faster the block can be added to the blockchain, and the faster you’re rewarded with bitcoins.
There’s a limit to how many bitcoins can exist in the market: 21 million. As of this moment, 17 million bitcoins are already in circulation; that means almost 80 percent of the 21 million have already been mined. But don’t worry; until 2140, we will still have bitcoins to mine. This is because of how miners are rewarded. Miners are rewarded with 12.5 bitcoins for each block added to the blockchain, and every four years the reward is reduced by half. The next halving is supposed to occur in 2020 when the reward will be reduced to 6.25 bitcoins.
Who created BTC?
Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin’s original reference implementation. As part of the implementation, Nakamoto also devised the first blockchain database. Nakamoto was active in the development of bitcoin up until December 2010. Many people have claimed, or have been claimed, to be Nakamoto.
How do I exchange and trade BTC?
Users can convert BTC to USD by finding an exchange that deals both currencies and selling your BTC. Depending on the current exchange rate, fees and spreads that the exchange charges, users will withdraw a corresponding amount of USD. In fact, it fundamentally works the same way as any other currency conversion option.
BTC is one of the most widely-supported cryptocurrency, so the number of suitable BTC to USD exchanges are high. Rubix employs the latest safety measures and has a proven track record for fair, efficient transactions.
Exchange BTC using Rubix
Acquiring BTC is easy using the in-built trading tool in the Rubix wallet. Instead of going to a BTC exchange and transferring your cryptocurrency, you can trade for BTC directly from your Rubix wallet. The Rubix trading feature supports not just BTC trading, but most major cryptocurrencies, which you can easily exchange, and even for fiat currencies, like the dollar and euro. Trading with Rubix is a simple way to manage your cryptocurrency assets, pay for products, send funds and make bets with friends — all while keeping your funds safe. Keep your BTC secure with Rubix.
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