Bitcoin is the genesis of cryptocurrency and arguably the most successful cryptocurrency thus far. Bitcoin is banked with blockchain technology, Bitcoin transactions all over the world are recorded and stored on the blockchain which is a public ledger that is found and recorded on all of the computers within the Bitcoin network.
The verification and update process for Bitcoin transactions is referred to as Bitcoin mining. The process is independent, with miners selected at random to verify transactions over a given period.
Once the verification is complete, the transaction information is incorporated into a block, which then links to the blockchain. Miners receive Bitcoins as a reward for the verification process.
Bitcoin miners earn a reward of 6.25 BTC for every bitcoin they mine and that is the prevailing reward today after some halving. The reward will continue to halve every four years until the final bitcoin has been mined.
Besides, the bitcoin miner is awarded the fees paid by users sending transactions. The fee is an incentive for the miner to include the transaction in their block. The current value of a Bitcoin is CAD75,745.04 as of March 14, 2021.
Today, Bitcoin is traded on several platforms with diverse reports of success, efficiency and profitability. Moreover, a commendable Bitcoin robot trading platform, acknowledged as one of the best around the world is Bitcoin Revolution.
Evolution of Bitcoin in Canada
The history of Bitcoin in Canada dates back to 2018 when a study by the Currency Department of the Bank of Canada revealed that 58% of Canadians hold Bitcoin for investment purposes. According to the same study, 85% of Canadians are aware of Bitcoin.
Weekly Local Bitcoins volumes were fairly low since mid-2018 and into early 2019, with weekly volumes staying around the CA$500 – CA$600 thousand level. Declining interest was observed among Canadians from January of 2018, perhaps due to the bull market Bitcoin has been experiencing during 2018. However, interest begins to ramp up again in mid-2019 as Bitcoin’s price rises.
Canada is a top digital currency-driven economy in the history of Bitcoins. Numerous places in Canada allow people to acquire Bitcoins. Several institutions have taken up Bitcoin as their payment mode for goods and services on online platforms. Canada has over 140 Bitcoin ATMs and 6,000 Flexipin retailers. The ATMs offer people an opportunity to exchange Bitcoin for Canadian Dollars.
In 2013, Waves Coffee House, near Vancouver, opened a Bitcoin ATM which was the world’s first. The government of Canada officially met with its representatives the following year as well the Canadian Committee on Banking, Trade, and Commerce.
Toronto and Vancouver are believed to be the home of Bitcoins in Canada. The two have recorded a high rate of digital currency operations in Canada. In 2014, it was reported that workers based in Toronto preferred their salaries to be paid in Bitcoins rather than the local currency.
Bitcoin provides the opportunity for businesses and individuals across the world to transact with a universal currency that allows fast transfer and at negligible fees. Since 2014, Microsoft accepts Bitcoin as payment for some of its products. Newegg, BMW, ExpressVPN, AT&T, Shopify, Bitcoin. Travel, Tesla, and some other organizations also accept bitcoin as means of payment and transaction.
Bitcoin is gaining popularity and an increased number of people have been investing in this digital currency. On February 8, 2021, Elon Musk, the Chief Executive Officer (CEO) of Tesla, revealed that Tesla invested US$1.5 billion in Bitcoin. This triggered a massive buying spree in the cryptocurrency and Tesla plans to accept Bitcoin as a form of payment for its products soon.
Despite the bright future, economies around the world are uncomfortable with the development of Bitcoin especially because its ownership is untraceable; government regulation of the cryptocurrency is difficult and inconclusive; need to stabilize the financial sector of some countries which can be hindered by the growth of cryptocurrency; mining of the bitcoin is concentrated in China; taxation of cryptocurrency trade and mining earnings is complicated.
Some countries have taken steps to create a regulatory framework to guide the business while some outrightly disbanded cryptocurrency businesses in their country. On Feb. 5, 2021, the Central Bank of Nigeria communicated to financial institutions within the country that dealing in cryptocurrencies and facilitating payments for cryptocurrency exchanges are prohibited.
Most countries warn that citizens who invest and trade on cryptocurrencies do so at their own risk. Some countries also warn that cryptocurrency creates the opportunity for illegal activities, money laundering, and terrorism. Algeria, Bolivia, Morocco, Nepal, Pakistan, and Vietnam also banned all activities involving cryptocurrencies.
Australia and Canada recently enacted laws that brought cryptocurrency transactions and institutions that trade on cryptocurrency under the ambit of money laundering and terrorist financing laws.
Bitcoin Revolution Review
Bitcoin Revolution is a popular trading platform designed to make users engage robots to work on their trading in the background, the bots find the best money-making deals, investing on the user’s behalf, and trade automatically. It is accessible through the website or the app which can be deployed on a mobile phone, computer, or other smart devices.
The robot combines the power of artificial intelligence and machine learning to conduct trading with a win rate of up to 99% in some cases. Bitcoin Revolution collaborates with some of the most reputable brokers in the industry to enable the robot trade efficiently.
The user can choose how much money to deposit, with Bitcoin Revolution only asking for a minimum of US$250 to start. It is available to users and investors in Canada and internationally.
The various steps in registration and operation of Bitcoin Revolution are stated below:
1. Account Registration
The first step to trading on Bitcoin Revolution is creating an account. You’ll need a user’s or investor’s name, phone number, email address, and a secure password.
2. Demo Trades
There is a demo trading option on the Bitcoin Revolution, this is designed to test out all of the features before adding money and doing live trades. The user gets some virtual credits and can simulate what happens during a live trade. This makes the auto-trading robot more transparent because the demo reveals possibilities during live trading.
There are various payment choices on the Bitcoin Revolution platform. Visa, Skrill, MasterCard, and PayPal are all available for funding, this allows fund investment from any country. The minimum investment required is $250, and we recommend that everyone does this at the beginning.
4. Live Trades
Once users click on the button, which activates the robot, the trades start happening for the user. However, the robot is hard at work because it’s scanning the cryptocurrency market to find the best trends or market signals. When it detects a profitable trade that matches the user’s parameters, the deal is completed by the system using the Bitcoin Revolution funds in the user’s account.
Bitcoin Revolution Features to Note
The system calculates the user’s (investor) payment after the maturity of the investment and the funds are immediately deposited into the user’s account. The user can choose to reinvest it all or withdraw some but we advise every user to always withdraw some of each payout before reinvestment.
The process of verifying user’s information commences immediately after registration and it is automatic.
- Service Charges
When you win any profits from the live trade, the Bitcoin Revolution takes a small percent of your earnings. We feel that this is legitimate because it is the only charge on the entire platform.
- Customer Service/Help
This application is self-explanatory but there is 24/7 support available to attend to questions or issues.
Advantages of Bitcoin Revolution
- Bitcoin Revolution’s major advantage is the 24-hour customer support team that can handle user’s questions and inquiries.
- Bitcoin Revolution has the highest trading accuracy in the cryptocurrency trading market.
- Bitcoin Revolution also has one of the quickest and most efficient payout systems.
Security of Bitcoin Revolution
Bitcoin Revolution has a super-secure system in place to keep all of the user’s data and money safe against any potential online scams, threats, or hackers.
Monies made by the users investing in Bitcoin Revolution can be withdrawn into their current bank accounts at the click of a button to enable quick and easy access to funds.
Canadians are welcome to trade bitcoin with Bitcoin Revolution, investors can access the platform and website using any browser and through the app. Hence, users can access it on a smartphone or any smart device.
Bitcoin Revolution has been around since 2015 and they have managed to build an extremely strong reputation among the users. It was arguably the most popular trading robot for 2020.
The best way to succeed with Bitcoin Revolution is to become familiar with the platform and configure the robot for efficient trading. Bitcoin Revolution is a legitimate, reliable, and safe platform for investment and generating passive income.
Although there are some risks to trading Bitcoin and cryptocurrencies, the rewards can also be great. DIY trading apps are great but cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Please consult a financial advisor before making any trading decisions.