Founded in 2017, BitPass is a leading bitcoin company based in Melbourne, Australia. We are currently one of the largest, most active bitcoin traders in the Australian OTC market and a pioneer in bitcoin payment processing. We offer a secure and fast trading experience, and provide simple and powerful tools for merchants and consumers to spend, accept and store bitcoin. We believe that blockchain technology and cryptocurrency can change the future. Our vision is to further advance the concept of blockchain and optimise traditional payment systems with bitcoin.
Bitcoin is a form of digital currency, created and held electronically. It’s the first decentralised digital currency as the system works without a central repository or single administrator. It was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. Some of its important features include:
Decentralised
Anonymous
Transparent
Low cost
Fast
Compared to traditional payment methods like cash and debit/credit card, Bitcoin payments have advantages in transaction security, transparency and incur minimal fees. It also provides a better solution for cross-border transactions. In 2015, the number of merchants accepting bitcoin exceeded 100,000. Firms accepting bitcoin include:
Since its debut in 2009, the price of Bitcoin has gone through various cycles of appreciation and depreciation. Bitcoin reached its first all-time high on November 29, 2013, when it was valued at $1,137USD. While some people believe bitcoin is the “gold of tomorrow”, others commentators call bitcoin prices a bubble. After its 2013 peak, bitcoin prices experienced a crash and stabilised to $500-$800 USD range in the following year. As bitcoin is surging in popularity, acceptance and application, 2017 is certainly shaping up to be the year of bitcoin. It has reached several all-time highs in 2017 and soared close to $8,000 on November – representing a 790 percent increase from $997 in January. Though bitcoin exchange platforms are banned in its largest market in China, the price surge has continued to boost the community’s confidence in the cryptocurrency.
We trade under ID: probitcointrader on LocalBitcoins.com. Our trading hours are from 9:30am to 5:00pm, Monday to Friday. Please contact us if you have any enquiries about trading bitcoin.