The Bitcoin exchange rate
The bitcoin rate can vary a lot over time, which is why there are many people who make a lot of money from buying and selling bitcoin. The rate is not controlled by any central institutes governing interest rates and the like, bitcoin is a decentralized currency that is solely driven by the use of it, and this is what controls the rate.
As seen in the history of bitcoin, the rate generally goes up when something big and dramatic happens in the world, such as political events or sudden changes within the business world. For someone who isn’t too familiar with the bitcoin world, the rate may seem unstable and dramatic, but if you look closely you will see a steady increase in value as it becomes more used around the world. At the beginning of 2017, the value of bitcoin hit 10 000 SEK, which counts as a milestone in bitcoin history.
Vary between services
As you can see, the bitcoin rate can vary between various services, this is because they include different things to the rate. Some services apply the fee afterward, while others add it to the rate. You can always see the rate including the fee so that you know exactly how much you will pay when buying bitcoin and how much you will make from selling bitcoin at BTCX.
This is also why the buying and selling rate isn’t the same most of the time. We have campaigns very often that makes it cheaper for you to sell bitcoin – the selling rate is higher – which means that you will get more from selling your bitcoin than usual with us.