Bitcoins can be earned either by mining them or receiving them as payment for providing goods or services—or by exchanging them against fiat currencies (such as the U.S. dollar or the Japanese yen), or against other cryptocurrencies.
Rapidly changing Bitcoin valuations have fueled a high volume of speculative trading activity around the globe. Many people who trust blockchain technology and the monetary ecosystem based on Bitcoin are purchasing virtual currency as long-term investments.
Increasing acceptance by all genres of businesses—from local coffee shops to large corporations such as Dell and Microsoft—may help fuel the adoption of the virtual currency. Before making a purchase, some people may compare whether they are better off paying for an item in fiat currencies or in Bitcoins.
Top Fiat Currencies for Bitcoin Trades
Coinhills provides a list of the most traded national currencies for trading Bitcoin based on information from currencies, markets, and exchanges registered at Coinhills. The data below is as of September 22, 2021.