Sell Bitcoin (BTC) in Lviv

How to Sell BTC in Lviv: Instructions for BUYBank Clients

Bitcoin, a digital currency, became the first virtual asset on the market. It is the leader in terms of market capitalization and the most in-demand cryptocurrency for trading. As the popularity of BTC grows every year, exchanging the coin for fiat currency today is not difficult. In particular, you can easily sell bitcoin in Lviv using the BUYBank service.

Advantages of the main cryptocurrency

Bitcoin was created in 2009 as a digital currency. It operates on blockchain technology, with Satoshi Nakamoto being the main developer of the asset — a practically mythical figure, most likely representing a group of people.

Bitcoin is unlike traditional fiat assets. In particular, it does not have a central governing bank, so the issuance and cryptocurrency rate are not regulated "externally." Coin issuance is carried out through complex mathematical algorithms, and the Bitcoin rate depends solely on the situation (the behavior of "whales," market phases, etc.). Among the main features of the cryptocurrency are:

• A fixed volume. This is the key difference between BTC and fiat. Only 21 million coins can be issued, and changing this indicator is impossible. Thus, the asset's value is maintained.
• No need to transfer personal data. When transacting in cryptocurrency, no passport or other information about the sender and receiver is required.
• No central governing body. No country controls this cryptocurrency, but this does not exclude partial dependence of the rate on political decisions of world leaders.
• Security. Transactions on the blockchain are well-protected. Any participant in the network can verify any operation. This reduces the possibility of fraudulent schemes to practically zero.
• Bitcoin became the first cryptocurrency and, essentially, inspired the industry. 
• Currently, there are several thousand digital currencies operating on blockchains.