The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

When it comes to cryptocurrency, the first thing that comes to mind is Bitcoin. Although the encryption market has been developing for more than ten years, Bitcoin has always remained at the top of the cryptocurrency rankings. It is very difficult for novice investors who have just entered the cryptocurrency market to understand. What exactly is the point of investing in Bitcoin? What exactly is the purpose of buying this Bitcoin? It makes so many people crazy about it. Bitcoin can be used as a means of payment. The main purpose of Bitcoin is to be used as a payment method that is not affected by government supervision, transfer delays or transaction fees. The following editor of the currency circle will tell you Let’s talk about the uses of Bitcoin in detail.

## What exactly is Bitcoin used for?

Bitcoin as a currency is used in various transactions. For example, some travel companies and food stores already accept Bitcoin payments. Bitcoin has also attracted speculators who want to take a position on the future price movements of digital currencies. Trading Bitcoin's price movements through derivatives allows speculators to neither actually own the underlying cryptocurrency nor participate in the intricacies of Bitcoin. currency network, but it can also create profits.

Bitcoin was created in 2009 by a person or group of people named Satoshi Nakamoto. It is intended to be used as a payment method that is not subject to government oversight, transfer delays, or transaction fees. However, most businesses and consumers have not yet adopted Bitcoin as a form of payment, and it is currently too volatile to provide a legitimate alternative to traditional currencies.

Currently Bitcoin is mainly used as a form of investment. Arguably, its characteristics are more like a commodity than a traditional currency. This is because it extends beyond the direct influence of a single economy and is largely immune to changes in monetary policy.
Nonetheless, there are some other factors that can affect Bitcoin price that traders should keep in mind.

## What is Bitcoin used for?

Bitcoin is mainly used for digital currency investment, value storage, investment, payment, and value preservation. Bitcoin was originally designed as a digital currency intended to serve as a decentralized, universal means of payment. People can use Bitcoin for online shopping, transfers and other payment activities.

Similar to gold, Bitcoin is viewed by some as a store of value. Some people choose to view Bitcoin as an inflation-resistant asset due to its fixed supply and decentralized properties.

Many people view Bitcoin as an investment vehicle, seeking to gain when its price rises. Bitcoin's price volatility has attracted some investors and traders.

Bitcoin’s global nature and relatively low transaction fees make it an option for cross-border payments. It can provide faster and more cost-effective cross-border transfers than the traditional financial system.

As a decentralized digital asset, Bitcoin provides the foundation for decentralized financial platforms. On these platforms, users can carry out financial activities such as lending, trading, and earning interest without the involvement of traditional financial institutions.

Some view Bitcoin as a safe-haven asset, seeking to preserve value during periods of volatility in traditional financial markets. This view holds that Bitcoin’s scarcity and decentralization make it resistant to inflation and systemic risk.

All the above content is the answer to the two questions of what is the use of Bitcoin and what is the purpose of Bitcoin. Bitcoin can be directly converted into cash on the exchange. The amount that can be exchanged for one Bitcoin is very considerable, and it can be exchanged at any time. Cash can be realized anywhere, and some institutions have intensified their investment in Bitcoin, which has also improved the value and reputation of Bitcoin. Everyone has seen the potential of Bitcoin and firmly believes in "one coin, one villa". However, novice investors also need to pay attention. The nature of the crypto market is highly volatile, like a roller coaster, full of surprises and fears. You can never be sure whether what is waiting for you in the next minute will be a surprise or a shock.