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Bitcoin BEP2: Everything you Wanted to Know as a Beginner before Investing!

Bitcoin BEP2 (BTCB) is one of the top 50 most popular cryptocurrencies currently. In terms of market cap, it is currently the 34th largest digital currency (over US$6.32 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through Bitcoin BEP2, how it works, and many more.

What Is Bitcoin BEP2 Coin (BTCB)? How does it Work?

Bitcoin BEP2 (BTCB) is a token that is based on the Binance Chain. Each Bitcoin BEP2 token:

  • Is backed 100% by the Bitcoin BTC reserve.
  • Price is pegged to BTC at a 1 BTCB = 1 BTC rate. 

The reserve address is available publicly. So, anyone can verify it whenever they want. The reserve address has been published by the Binance cryptocurrency exchange to:

  • Demonstrate the Bitcoin BEP2 project’s transparency. 
  • To titillate the interest of 3rd parties, who can check Bitcoin pool’s contents freely and at the same time compare the data with the number of BTCB tokens issued. 

This project helps Binance to provide the users of its decentralized exchange (DEX) with affordable trading opportunities. The founder and CEO of Binance, Changpeng Zhao, is the founder of the Bitcoin BEP2 token. 

Binance Chain, since its launch on April 18, 2019, has achieved good results in both decentralization and interoperability. In June 2019, BEP2 (Binance Chain Evolution Proposal 2) was launched. It outlined a set of:

  • Technical features
  • Rules, and
  • Management criteria that tokens must meet for functioning properly in the Binance Chain ecosystem.

Bitcoin BEP2 (BTCB): Facts & Figures

All these facts and figures (as of Oct 27, 2021) will help you to make a decision on investing in Bitcoin BEP2. Before making BTCB token transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • Bitcoin BEP2 BTCB Price: US$59,652.41 (Current Coin Prices)
  • Trading Volume (24h volume): US$35,870,328
  • All-Time High (ATH) Price: US$85,563.99 (reached on Oct 21, 2019)
  • All Time Low (ATL) Price: US$0.07685 (reached on Jun 23, 2021)
  • 24h Low: US$60,071.99
  • 7d Low: US$59,635.94
  • YTD (Year-To-Date) Return: 112.45% YTD (Year-To-Date)
  • Market Cap: US$6,263,558,309 (US$6.26 billion)
  • Crypto Rank (in terms of market cap): 34th in the crypto market
  • Fully Diluted Market Cap: US$6,779,459,135
  • Max Supply: ---
  • Total Supply: 112,501
  • Circulating Supply: 105,105.14 BTCB

These are the facts that made Bitcoin BEP2 a preferred medium of exchange. Always check out market data and technical analysis before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins. 

How Is the Bitcoin BEP2 Network Secured?

The Bitcoin BEP2 network is secured by a combination of two consensus mechanisms: Delegated Proof of Stake (DPoS) and practical Byzantine Fault Tolerance (pBFT). Both DPoS and pBFT consensus mechanisms are more environmentally and ecologically friendly than energy-intensive proof of work (PoW) algorithms. Moreover, the Tendermint Byzantine Fault Tolerant (BFT) consensus mechanism secures the Binance blockchain, on which Bitcoin BEP2 is based on. 

Where can you Buy Bitcoin BEP2 Tokens?

You can buy Bitcoin BEP2 coins in almost all reputed cryptocurrency exchanges including:

  • Binance DEX
  • PancakeSwap (V2)
  • MDEX
  • DODO BSC
  • Demex
  • SwipeSwap
  • JulSwap
  • HitBTC
  • Venus
  • BEPSwap
  • OpenOcean
  • BakerySwap
  • THORChain, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular price pairs of FIL are:

  • BTCB/BUSD
  • BTCB/WBNB
  • BTCB/ETH
  • BTCB-1DE/BUSD-BD1
  • BNB/BTCB-1DE
  • FLUX/BTCB, and many more.

Before investing, check out historical data of token Bitcoin BEP2, crypto news, Bitcoin BEP2 price charts, price performance, market updates, BTCB to BUSD exchange rate, and others.

What are the Best Crypto Wallets to Store Bitcoin BEP2 Tokens?

The best Bitcoin BEP2 wallets to store BTCB coins are:

  • Ledger Nano S
  • Atomic Wallet
  • SafePal S1 Wallet
  • Binance Chain Web Wallet
  • Guarda Wallet
  • Trust Wallet
  • Ellipal Wallet
  • Enjin Wallet
  • CoolWallet S

Invest in Bitcoin BEP2 and Other Cryptocurrencies

You can buy and sell Bitcoin BEP2 and other virtual currencies against various fiat currencies (US Dollar USD, British Pound, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and Bitcoin BEP2 markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other digital assets such as BTCB, XMR, FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. 

Invest in NapBots: A Dynamic Cryptocurrency Index

Whether you are a professional or retail investor, you can expose your capital to a diversified portfolio of digital assets & crypto asset classes by simply investing in NapBots. It is a smart crypto index service that introduces multifarious features and passive portfolio management strategies for enabling cryptocurrency investors to streamline their trading experience in new ways. 

NapBots provides you various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.

The best part of NapBots is that it tracks and executes trades automatically on the basis of your pre-set choices of indexes. The platform is very affordable as it enables you to start trading as low as US$150 with a monthly service fee of just 2.5%, which is far below the current rate of other cryptocurrency index providers. Therefore, NapBots reduces the financial barriers and at the same time eliminates the need for human intervention and the consequent human error. 

Get started with crypto-asset investing by investing through napbots.com, a dynamic crypto index for expanding diversified exposure to bitcoin and leading crypto-assets at reduced financial barriers and no human error.