Cryptocurrency exchange
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Bitmoney cryptocurrency exchange

Geography of cryptocurrency exchange. We work in the following locations:

  • Russia: Moscow, St. Petersburg,
    Yekaterinburg, Chelyabinsk;
  • UAE: Dubai, Sharjah, Abu Dhabi;
  • Turkey: Istanbul, Antalya, Alanya;
  • Cyprus: Limassol;
  • Kazakhstan: Alma-Ata, Nur-Sultan;
  • Kyrgyzstan: Bishkek;
  • Georgia: Tbilisi, Batumi;
Currency pair Purchase Sale Change
It's better to have a variety of different cryptocurrency to minimize the risk of loss. Whether you buy cryptocurrency for a long shot or not, we recommend placing your investment portfolio at a reliable stock market or at a cold wallet. Nowadays there are 2 ways of choosing cryptocurrency for purchasing: either you pick one of the 10 most popular ones or buy any other of hundreds of coins presented in stocks today.
Advantages of BLOCKCHAIN
Open source code base makes it easy to detect any modifications of registered data. That keeps all the data safe from fraud operations.
Minimize intermediaries wastes
All operations are free of third parties which entails the operation related expenses minimization.
Transactions speed
Blockchain sustains operations execution 24/7, 365 days that provides maximum speed of transaction execution.
The technology means not to have single data collection center
billion dollars - have already been spent this year by all sorts of companies all over the world to develop and sustain blockchain technologies . It surpasses the 2017 year investments over 2 times ($945 mil.)
Currently, a little more than a thousand startups are actively engaged in blockchain, which, with the help of 333 funds in 75 countries, have attracted venture capital in the amount of $ 6.2 billion
billion dollars per day - the volume of exchange of the most popular cryptocurrency - bitcoin.
Trend Experts
Elon Musk recognized the superiority of bitcoin over paper money
Tesla and SpaceX CEO Elon Musk first publicly appreciated the benefits of bitcoin during a podcast with investment firm ARK Invest. “The structure of bitcoin is impressive. They cryptocurrencies bypass currency controls. Paper money is a thing of the past. Cryptocurrencies are undoubtedly better suited for transferring value than scraps of paper,” said the legendary entrepreneur. Nevertheless, Musk noted the fact of intensive energy consumption by the mining industry and emphasized that Tesla does not intend to interact with cryptocurrencies yet. The entrepreneur also did not forget to focus on cryptocurrency scammers on Twitter, who at one time actively used his name to promote scam coin giveaways. Elon Musk does not own bitcoins other than 0.25 BTC, which was once sent to him by a friend.
Dan Morehead, Pantera Capital: about the necessary conditions for the cryptocurrency industry
“I think the fundamentals behind cryptocurrencies have become much stronger than they were during the “cryptocurrency winter” in 2014 and 2015… Institutional investors are very eager to receive custodial services from a well-known company. We have not had such a solution in the past. People have been talking about the coming entry of big capital into the cryptocurrency industry for years. I think that now we have the necessary conditions for this to happen.”
Jack Dorsey (Twitter, Square) bitcoin = internet
Dorsey, once again expressed his confidence that Bitcoin will become the single currency of the Internet: “Bitcoin was created on the Internet, developed on the Internet and tested on the Internet. He himself is the essence of the Internet.” Dorsey was asked if there were plans to add support for any other cryptocurrencies to the Square app, to which Dorsey replied that bitcoin was enough.
Changpeng Zhao (CEO binance) about the protracted fall of Bitcoin and other cryptocurrencies
Zhao attributed the fall to several reasons: excessive expectations from many ICOs, exchange hacks, regulatory uncertainty, and rival camps that led to “stupid forks.” “I don’t have a crystal ball, but looking to the future, I know for sure that blockchain is not going anywhere, cryptocurrencies are not going anywhere, and Binance is not going anywhere. And our industry will become even stronger,” said Binance CEO Changpeng Zhao, speaking about the future of the crypto market.
What is mining?

Mining  process of creating new virtual structures (known as blocks) to maintain functioning of crypto platforms.  Creating a new block user is rewarded. Reward comes as a part of the created cryptocurrency piece and/or computational fee. Usually mining is about complex computational series with iteration through different parameters to find a specific hash. Different cryptocurrencies use different mathematical models, but it always takes much time to find an optimal solution, but solution check is quick. Such calculations are used by cryptocurrency algorithms to provide protection against the repeated spending of the same blocks, and the reward encourages people to spend their computing power and maintain the operation of networks.

Mining is not the only option to create blocks and provide emission. There is forging and ICO exists. It usually happens to use one of them, but some cryptos use a combination of these methods.

What is Blockchain?

Blockchain — continuous chain which consists of blocks and being organized by some set of rules (linked list, containing data). Most of the time the chain spreads across the network and is stored and copied by many computers in the network separately.

Dynamics of growth

Bitcoins itself is a very volatile coin. Besides its popularity brings its value growth dozens, it's also having ups and downs.  Before October 2010 nobody had not heard anything about bitcoin. It had a price of 6 cents at that moment. 16 of april 2011 TIME magazine published an article about bitcoin - bitcoin growed up to $1.

After this publication, the price quickly soared up to $30. On October 29, 2013, the world's first bitcoin ATM was installed in Canada and the price of bitcoin was already $100. After this news spread around the world, the price quickly soared to $1200.

After a while influential people and companies began to invest in bitcoin, top venture capitalists like Marc Andreessen, Reed Hoffman, Fred Wilson, billionaires like Richard Branson (Virgin) and Lee Kashin (the richest man in Asia), such venerable TOP managers as Vikram Pandit (Citigroup), Max Levchin (PayPal), Tom Glocer (Reuters), Bill Miller (Legg Mason Capital) and such large companies as Google, New York Stock Exchange, USAA (American bank and policyholder), BBVA (2nd bank in Spain), and NTT Docomo (a major Japanese mobile operator). Also some time ago a famous Russian billionaire Yuri Milner who is famous for being one of the first to invest in facebook shares, which then soared in price, made a bet on bitcoin.

Want to know how decentralized cryptocurrency Bitcoin works in detail? Here is the video explaining all the main principles of cryptocurrency in a nutshell. It will take 20 minutes of your time.

What bitcoin is secured by?

Like the dollar, bitcoin is secured only by the demand for it and the belief in its reliability. Bitcoin appeared 11 years ago and has already proven its reliability in practice. Bitcoin enjoys great interest among investors, including very rich people. Also, part of the demand is cash flows (for example, any international bank transfer over $5,000 must be approved by the currency control, unlike bitcoin, where no one needs to certify anything in principle). There are other components of demand.

Where are bitcoins stored?

All bitcoins transaction databases are free and anyone can access it. It is stored on thousands of devices, which are owned by equal network participants. This technical model allows people to store and transfer bitcoins directly to each other, bypassing mediation like banks, central banks and payment systems such as Visa/Mastercard. The absence of intermediaries reduces fees for money transfers.
Bitcoin eliminates the risk of bank bankruptcy or devaluation of the national currency.

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