This article was contributed by Changelly.

BTC/USD represents the largest cryptocurrency in the market. Bitcoin currently has a market capitalization of around $1.30 trillion and accounts for more than half of the total crypto market.

Before following BTC/USD, it helps to understand where its quoted price comes from. Guides discussing how people purchase BTC online often refer to centralized exchanges, where BTC/USD or similar pairs connect Bitcoin with traditional currencies. These platforms may have identity, location, and age requirements, while Bitcoin transactions themselves are recorded on a public blockchain.

Bitcoin was created as a peer-to-peer electronic payment system that can operate without a central authority processing…