On January 3rd, 2009, the Bitcoin genesis block was mined, sparking a modern gold rush in what we now know as cryptocurrencies.
The Rise of Cryptocurrencies
Its not everyday that a new technology comes along that has the potential to shake an industry like finance to its core. Yet here we are, on the cusp of a financial revolution that has the potential to change everything about how we make payments, store wealth and interact with our money.
Since the birth of Bitcoin over a decade ago, much of the crypto space has been reserved for those on the edge of technological understanding. Often discussing in niche forums and various social media channels dedicated to the hardcore fans.
However, with the meteoric price increase of Bitcoin and Ethereum in 2017, it brought a spotlight to this once exclusive space.
As mainstream interest grows, more and more people are looking to add cryptocurrencies to their portfolios. The primary way of doing this is through exchanges.
Some of these exchanges allow for direct purchase using fiat currencies (like the US Dollar), while others only transact in various coins (this means you need to already be in the ecosystem).
The bottom line is there is a wide range of exchanges to choose from. Some are very trustworthy, while others should probably be avoided.
Our goal is to help everyone understand the pros and cons of each exchange, so they can make an informed decision.
ConsumerBit is part of C Street Media, a digital media company specializing in finance and insurance. The team is comprised of crypto enthusiasts that have been following Bitcoin and other currencies for nearly 10 years.
The company is based out of the Phoenix, Arizona area in the United States.