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How to Buy Bitcoin
Good news! You can buy Bitcoin on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy Bitcoin.
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The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.
Bitcoin (BTC) is a decentralized cryptocurrency that was first described in a 2008 whitepaper by an individual or group of individuals using the alias Satoshi Nakamoto. Officially launched in January 2009, Bitcoin is a peer-to-peer online currency that allows transactions to happen directly between equal and independent network participants without the need for any intermediary. Bitcoin is digital money that cannot be inflated or manipulated by any individual, company, government, or central bank. Bitcoin is recognized as one of the initial cryptocurrencies to come into use and has inspired the development of thousands of competing projects. There will only ever be 21 million BTC. Bitcoin is highly divisible, with its smallest unit, i.e. 0.000 000 01 BTC, called a "satoshi" or "sat." As bitcoin's value has risen, its easy divisibility has become a key attribute.
Bitcoin's key innovation was the blockchain — a piece of software that acts like a ledger, logging every transaction ever made using Bitcoin. Unlike a bank's ledger, the Bitcoin blockchain is distributed and verified across a network of computers, meaning that no company, country, or third party is in control of it, and anyone can become part of that network. The process by which new bitcoins are entered into circulation involves solving computationally difficult puzzles to discover a new block, which is added to the blockchain. The individuals who present their solution to the puzzle first are compensated with a certain number of bitcoins. Finally, anyone, anywhere, with Internet access, can receive, send, and hold Bitcoin using the public version of their key (i.e., the version of their private key that can be freely shared in order to securely receive funds).
One of Bitcoin's advantages comes from the fact that it was one of the initial cryptocurrencies to appear on the market. It has managed to create a global community and give birth to a new industry of millions of enthusiasts who create and use Bitcoin and other cryptocurrencies in their everyday lives. Bitcoin is often referred to as digital gold due to its potential for long-term utility. It is also used as a decentralized medium of exchange, providing for ownership rights as a physical asset or as a unit of account.
Bitcoin was launched in January 2009 by an individual or group of individuals using the alias Satoshi Nakamoto. The paper introducing Bitcoin wasn't the first idea for digital money drawing on the fields of cryptography and computer science—in fact, the paper referred to earlier concepts—but it was a uniquely elegant solution to the problem of establishing trust between different online entities, where people may be hidden (like bitcoin's own creator) by pseudonyms, or physically located on the other side of the planet. The first block on the Bitcoin network, known as the genesis block, was mined by Nakamoto, but the first known Bitcoin transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. This event is now known as "Bitcoin Pizza Day." Over the years, many people have contributed to improving the cryptocurrency's software by patching vulnerabilities and adding new features. The fact that Bitcoin is not controlled by a single person or organization is core to its value proposition, and Satoshi's identity has never been revealed (and likely never will be).
You can create an account on Coinbase or an increasing number of other reputable financial technology companies to buy, send, and receive Bitcoin. Bitcoin is also increasingly accessible via traditional financial portfolios; for example, in October 2021, the first Bitcoin futures-based ETF was approved, and in January 2024, the first spot Bitcoin ETFs were approved. (ETFs are a popular way for investors to gain exposure to an asset like gold or tech stocks, and now Bitcoin.)
Bitcoin is often considered to be a "store of value," the same as gold is. New bitcoins are created by "mining" (up to a maximum of 21 million coins). Bitcoin mining is the process by which thousands of computers worldwide compete to record and verify transactions on the network. These specialized computers, known as 'mining rigs,' perform the equations required to verify and record a new transaction. In the early days, a typical desktop PC was powerful enough to participate, allowing pretty much anyone curious to try their hand at mining. These days, however, the computers required are massive, specialized, and often owned by businesses or large numbers of individuals pooling their resources. As of October 2021, Cambridge University researchers estimate that U.S.-based miners maintain the highest percentage of global mining by country.
Published on February 5, 2024
Bitcoin, as the original blockchain and cryptocurrency, has achieved an unparalleled level of recognition and trust.
The Bitcoin network also saw the introduction of Ordinals NFTs and BRC-20 tokens in 2023. This diversification has ignited community enthusiasm, expanding the scope of what is possible to build on the Bitcoin network.
Finally, Bitcoin has a capped supply of 21 million so growing demand over time could potentially lead to an increase in its value.
Published on February 5, 2024
While Bitcoin pioneered blockchain technology, it now faces challenges from newer digital currencies prioritizing faster and cheaper transactions.
Competitors also often boast additional features like smart contracts and decentralized finance (DeFi), which Bitcoin lacks natively.
Finally, critics argue that Bitcoin’s economic model, particularly its fixed supply cap, is unsustainable. Since Bitcoin’s block rewards will continue to halve over time, miners will have less incentive to secure the network.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
S$2.0T
S$98.0B
19.8M BTC
100 days
#1
S$101,444.44
-0.2%
+1.58%
+3.91%
+13.32%
+18.37%
+113.59%
+111.63%
+11.87%
+40.36%
A selection of conversions from different assets to top cryptocurrencies.
A selection of conversions for different assets and currencies.
AKT - GTQ
Akash Network - Guatemalan Quetzal
QI - CHF
BENQI - Swiss Franc
ALEO - RUB
Aleo - Russian Ruble
FLR - MVR
Flare - Maldivian Rufiyaa
SEI - LVL
Sei - Latvian Lats
FLOW - AFN
Flow - Afghan Afghani
VTHO - GYD
VeThor Token - Guyanese Dollar
FIL - LBP
Filecoin - Lebanese Pound
DASH - XPD
Dash - Palladium
DOGE - CNH
Dogecoin - Chinese Renminbi Yuan Offshore
ICP - EUR
Internet Computer - Euro
DESO - PKR
Decentralized Social - Pakistani Rupee
People who viewed Bitcoin tend to also view the following cryptocurrencies.
A selection of cryptocurrencies in the top 50 by market cap.
Of all the assets on Coinbase, these 12 are the closest to Bitcoin in market cap.
Here is a selection of spot and futures markets that people watch
864,739 unique individuals are talking about Bitcoin and it is ranked #1 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Bitcoin has an average sentiment score of 3.5 out of 5. Finally, Bitcoin is becoming less newsworthy, with 78 news articles published about Bitcoin. This is a 45.58% decrease in news volume compared to yesterday.
On Twitter, people are mostly bullish about Bitcoin. There were 57.04% of tweets with bullish sentiment compared to 8.23% of tweets with a bearish sentiment about Bitcoin. 34.73% of tweets were neutral about Bitcoin. These sentiments are based on 652829 tweets.
On Reddit, Bitcoin was mentioned in 5107 Reddit posts and there were 8748 comments about Bitcoin. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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864,739 people
516,486 posts
3.58%
#1
3.5 out of 5
78
652,829 people
57.04%
Bullish
34.73%
Neutral
8.23%
Bearish
5,107
8,748
84,879
90,813
BTC/USD (United States Dollar)
$74,966.37
BTC/CAD (Canadian Dollar)
CA$103,767.10
BTC/GBP (British Pound)
£58,025.90
BTC/JPY (Japanese Yen)
¥11,537,624.50
BTC/INR (Indian Rupee)
₹6,325,039.06
BTC/BRL (Real)
R$437,853.17
BTC/EUR (Euro)
€69,671.33
BTC/NGN (Nigerian Naira)
NGN 125,547,670.79
BTC/KRW (South Korean Won)
₩104,570,628.04
BTC/SGD (Singapore Dollar)
S$99,471.47
Market Bytes: BTC’s big new HODLer is … Wisconsin?!
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The price of Bitcoin has decreased by 0.20% in the last hour and increased by 1.58% in the past 24 hours. Bitcoin’s price has also risen by 3.91% in the past week. The current price is S$99,471.47 per BTC with a 24-hour trading volume of S$98.03B. Currently, Bitcoin is valued at 1.94% below its all time high of S$101,444.44. This all-time high was the highest price paid for Bitcoin since its launch.
The current circulating supply of Bitcoin is 19,778,909 BTC which means that Bitcoin has as total market cap of 19,778,909.
We update our Bitcoin to SGD currency in real-time. Get the live price of Bitcoin on Coinbase.
The current market cap of Bitcoin is S$1.97T. A high market cap implies that the asset is highly valued by the market.
The all-time high of Bitcoin is S$101,444.44. This all-time high is highest price paid for Bitcoin since it was launched.
Over the last 24 hours, the trading volume of Bitcoin is S$98.03B.
Assets that have a similar market cap to Bitcoin include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Bitcoin is 20 million.
The median time that Coinbase customers hold Bitcoin before selling it or sending it to another account or address is 100 days.
Bitcoin ranks 1 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 99% of Coinbase users are buying Bitcoin. In other words, 99% of Coinbase customers have increased their net position in Bitcoin over the past 24 hours through trading.
Yes, Bitcoin is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Bitcoin guide.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.