They charge a 4. Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama. We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms. Luno is currently offering Zero fee trading in Singapore for a limited time period until January We may receive compensation when you use Luno.
Please visit Luno for its exact pricing terms. Residents of Singapore can purchase bitcoins on Coinbase using three payment options - debit card or bank transfer. Once your Coinbase account is verified, you will be given the account information that will be used to make a bank transfer deposit. This is done through Xfers Transfers.
Coinbase claims that deposits clear within a few minutes, and that there are no deposit fees. Once you deposit Coinbase charges 1. If you are buying with a debit card , there is also a required identity verification. Fees for buying with a debit card are 3. We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.
We may receive compensation when you use Coinbase Pro. Please visit Coinbase Pro for its exact pricing terms. They serve countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot. Founded mid, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume.
It is available in almost all countries. LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer. Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States , Europe besides Germany , UK , Singapore, Canada , Australia and many more.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms. They accept bank transfers from Singapore or Malaysia and international bank wires. You can also top up your CoinHako account using Xfers, which allows you to buy bitcoins within 10 minutes. You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. Singapore has a higly-developed, free-market economy.
There is almost no corruption in Singapore, being ranked the 4th-least corrupt country in the world according to the corruption perceptions index. Due to its political stability and strong, clear laws, Singapore has managed to attract foreign direct investment in recent years.
The regulations were given a formal face with the recent payment services regulation that has been put in place to keep a check on risks across different payment platforms, including Bitcoins. One of the easiest ways to buy Bitcoin in Singapore is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Singapore, and you can easily select one based on your requirements and preferences using our guide.
Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one. Their services are available to over countries worldwide, including Singapore. If you live in Singapore, you can purchase Bitcoin on Coinbase using 2 payment methods:.
Buying Bitcoin on Coinbase is pretty easy and straightforward. Take into consideration the processing fees when you use Coinbase:. What makes Coinbase different is that you can easily earn rewards while learning about cryptos on Coinbase. Simply select the crypto you want to learn more about. Want to earn free Bitcoin without actually investing in it? Visit this article with all my tips. Get SGD Coinut — The Fast and Cheap way.
Coinut , which stands for Coin Ultimate Trading, is a secure cryptocurrency exchange based in Singapore and Toronto. It offers a fast, easy and inexpensive way to buy Bitcoin for those who stay in Singapore. With Coinut mobile app iOS and Android , you can easily check the latest crypto news and trade crypto anytime, anywhere.
Sign up for a Coinut account. Connect your bank account to your Coinut. No Xfer required. Buy, Sell or Trade Bitcoin. Once the transaction is successfully executed, you will get your coin in your Coinut wallet. Sign up for Coinut to get Binance — The Safe Way. Binance , one of the most popular and fastest growing crypto exchanges on the Internet has expanded its services to Singapore in April To get started, head over to Binance SG and create a free account.
Next, submit your personal documents to verify your identity. Choose your payment method and deposit money into your Binance wallet to buy your desired coins. Binance offers a very competitive fee at 0. Buy Bitcoin with Binance Singapore.
CoinSwitch — Crypto to crypto instant exchange. CoinSwitch is a little bit different from other exchanges on the list. It works for almost every country but you need to have some other coins to buy bitcoins. Another thing I like about CoinSwitch is its low, flat fee of 0. Founded in , Coinmama is a Slovakian website that allows you to buy Bitcoin and Ethereum instantly with a credit card, debit card or even with cash using Western Union.
As of writing now, you can only BUY cryptocurrency on Coinmama— you cannot sell it. Coinmama will send the Bitcoin straight to your wallet, so decide where you want your coins sent and get your Bitcoin wallet address ready before making a purchase on Coinmama. If you need help, check out this Coinmama Walkthrough Guide for Beginners. Buy Bitcoin on CoinMama. Similar to Coinbase and Binance, you have to connect your Crypto. You can also buy Bitcoin using a credit card, debit card, crypto and bank transfer.
Buy Bitcoin on Crypto. LocalBitcoins is a peer-to-peer escrow service that lets you to buy, sell and trade Bitcoin directly with other people in Singapore, safer and faster. There are 3 main things that make LocalBitcoins unique:. Instead of providing a fixed market price, LocalBitcoins simply connect you to other people, who are looking to buy or sell Bitcoin.
You can shop around, compare and find the best value. LocalBitcoins also offers a wide range of payment options. You can choose to pay for your bitcoins using various payment options such as cash deposits, bank transfer, Paypal, gift cards, WeChat, credit card, Western Union, altcoins and more. Registering, buying, and selling Bitcoin is completely free.
Buy Bitcoin Instantly on LocalBitcoins. Different types of Bitcoin ATMs have different level of verification. Some may require personal ID, or mobile phone. Many exchanges will provide you a free built-in wallet, which you can use to store, send and receive cryptocurrencies. Leaving bitcoins on exchanges are extremely risky!
Always make it a habit of transferring Bitcoin to your own wallet once you complete a transaction. Both are very easy to use with simple, clear layout. Check out my review and comparison Ledger vs Trezor here. There you go! By now you should know exactly how to buy Bitcoin in Singapore using different crypto platforms. In general, to buy your first Bitcoin in Singapore or anywhere in the world :.
You are now the proud owner of Bitcoin. Enjoy the ride as you watch the price rise and fall, plummet and go to the moon. Do you have any other questions? Feel free to leave a comment below.
While Bitcoin is not legal tender in Singapore, Bitcoin is completely legal in Singapore. You can buy, sell, trade Bitcoin easily using different methods. How to Buy Bitcoin in Singapore. In general, there are two things you will need before buying Bitcoin in Singapore:.
When it comes to investing in Bitcoin, think of it like converting your SGD into another currency -a currency that can serve as a way to preserve wealth, a currency that can protect your future purchasing power. This KYC Know-Your-Customer procedure makes it very difficult for average investors to acquire Bitcoin without revealing their identities. With that said, not all Bitcoin exchanges are created equal. Each exchange has different verification requirements, fees, and deposit methods.
Luno — The Cheap and Easy Way. Luno is by far the easiest way to buy bitcoin online for the newbie. This UK-based cryptocurrency exchange has been around since Once you feel confident with it, you can allocate a sizeable amount. Adding money to your Luno account as well as withdrawing SGD to your bank account is completely free of charge. On the other hand, the trading fee for takers the person responding to the offer is 0.
You can buy Bitcoin on Luno in 3 simple steps:. Important: Remember to transfer your bitcoins to your own hardware wallet like Trezor. You might want to download their mobile app iOS or Android as well, so you can quickly buy, send and manage your coins on the go. Here are few things you can do once your Luno account is verified:.
High limits with verified account. Coinbase -The Common Way. Based in the US, Coinbase is probably the most renowned cryptocurrency exchange in the world. Their services are available to over countries worldwide, including Singapore. If you live in Singapore, you can purchase Bitcoin on Coinbase using 2 payment methods:. Buying Bitcoin on Coinbase is pretty easy and straightforward.
Take into consideration the processing fees when you use Coinbase:. What makes Coinbase different is that you can easily earn rewards while learning about cryptos on Coinbase. Simply select the crypto you want to learn more about. Want to earn free Bitcoin without actually investing in it? Visit this article with all my tips.
Get SGD Coinut — The Fast and Cheap way. Coinut , which stands for Coin Ultimate Trading, is a secure cryptocurrency exchange based in Singapore and Toronto. It offers a fast, easy and inexpensive way to buy Bitcoin for those who stay in Singapore. With Coinut mobile app iOS and Android , you can easily check the latest crypto news and trade crypto anytime, anywhere.
Sign up for a Coinut account. Connect your bank account to your Coinut. No Xfer required. Buy, Sell or Trade Bitcoin. Once the transaction is successfully executed, you will get your coin in your Coinut wallet. Sign up for Coinut to get Binance — The Safe Way. Binance , one of the most popular and fastest growing crypto exchanges on the Internet has expanded its services to Singapore in April To get started, head over to Binance SG and create a free account. Next, submit your personal documents to verify your identity.
Choose your payment method and deposit money into your Binance wallet to buy your desired coins. Binance offers a very competitive fee at 0. Buy Bitcoin with Binance Singapore. CoinSwitch — Crypto to crypto instant exchange. CoinSwitch is a little bit different from other exchanges on the list. It works for almost every country but you need to have some other coins to buy bitcoins.
Another thing I like about CoinSwitch is its low, flat fee of 0. Founded in , Coinmama is a Slovakian website that allows you to buy Bitcoin and Ethereum instantly with a credit card, debit card or even with cash using Western Union. As of writing now, you can only BUY cryptocurrency on Coinmama— you cannot sell it. Coinmama will send the Bitcoin straight to your wallet, so decide where you want your coins sent and get your Bitcoin wallet address ready before making a purchase on Coinmama.
If you need help, check out this Coinmama Walkthrough Guide for Beginners. Buy Bitcoin on CoinMama. Similar to Coinbase and Binance, you have to connect your Crypto. You can also buy Bitcoin using a credit card, debit card, crypto and bank transfer. Buy Bitcoin on Crypto. LocalBitcoins is a peer-to-peer escrow service that lets you to buy, sell and trade Bitcoin directly with other people in Singapore, safer and faster. Before you invest, make sure you are fully aware of the risks, the downside and the potential pitfalls.
It's worth checking the MAS website for the Singapore government's stand on crypto currencies. If you're still keen, this article shows you how you can do it best. There are essentially two ways you can buy bitcoin in Singapore. You can go online to one of the many bitcoin exchanges or head down to a local ATM where you can exchange your Singapore dollars for bitcoin in an instant. When it comes to buying Bitcoin online, there are a multitude of options available to you.
Depending on your needs and how deep you want to get into crypto currencies, I have laid out three ways that have worked well for me. Coinbase is one of the easiest ways to buy bitcoin online for the newbie. With an easy-to-use interface and mobile app, you can buy and sell bitcoin directly from your computer or mobile phone.
Coinbase is one of the most popular bitcoin exchanges in the world. Based in the US, it is a government regulated exchange that supports buyers from Singapore. The best thing about the xfers wallet is that you can easily fund it via a local transfer with your Singapore bank account. Once you've registered for your Coinbase account and setup your xfers wallet, buying is relatively straightforward but this is not the cheapest way to buy Bitcoin.
Every exchange requires some form of identity verification, so have your identify card IC and proof of address bank statement, utility bill handy. In the case of Coinbase, if you will be paying with your credit card, your identity is already known so you can buy immediately. However, if you wish to pay with an xfers account, you will need to go thru a verification process with xfers as well as provide your bank account details in order to connect your bank account to it.
Quite a few to consider, but suffice to say that this will be the most costly way to buy your Bitcoin. Fees are dependent on how you fund your purchases. Also the price you pay for a bitcoin on Coinbase tends to be higher than other exchanges like Gemini, Bitfinex and GDAX owned by Coinbase as there is a spread of between 25 to basis points 0. Sign up at Coinbase to get started. Gemini is a federally regulated bitcoin exchanges founded by the Winklevoss twins famous for their role they played in Facebook's early history.
Buy with confidence from a regulated exchange without the high fees. In order to use Gemini you will have to fund your account via an international money transfer. Today, this can be done quite cheaply through internet banking. To begin, simply register at gemini. You will need to verify your email address and provide the necessary verification documents Proof of Address and Proof of Identity - IC or Passport. A local bank account with internet banking that supports overseas remittance.
Fees are very competitive at 0. That said, it's definitely more economical than buying through Coinbase. Sign up at Gemini to get started. You can always use the local bitcoin ATM to get your bitcoins. This may come as a surprise but Singapore has had a bitcoin ATM since Having relocated a couple of times since it was originally set up in Chinatown, this first of its kind ATM in Asia can now be found in Tiong Bahru Plaza. You can deposit physical cash into this ATM and buy bitcoin pretty much instantly.
It takes cash and sends you bit coin to your crypto currency wallet. A crypto currency wallet. You can get one on your mobile phone which can be convenient but is not the safest option. They charge a commission of 3. Update 11th Dec: Wait up! Update May We've taken a look at some of the blockchain platforms available for Marketing.
An interesting read if you're into blockchain and are in Marketing, like we are!
This would give you a better understanding of how Binance Singapore and Coinhako works. Coinhako was founded in and they became an alternative exchange to Coinbase during the crypto boom. However back then, Coinbase was the leading exchange It still is now and most Singaporean investors chose Coinbase over Coinhako. Coinhako is relatively unknown still. Coinhako business only started picking up when Coinbase announced that they would stop their Xfers service in Singapore.
So people naturally hopped over from Coinbase to Coinhako. Binance was founded in , right at the period of the crypto boom. They started off serving the China, Korean and Japan market initially. Everything was fine until China and Korea government came down hard and furious to ban cryptocurrencies. The crackdown is really tough. They raided all crypto exchanges and many businesses got shut down. The entire crypto market tanked and that was the trigger of the long bear market.
Binance as a business has been performing exceptionally well. They grew really, really fast and they are now one of the largest exchange in the world with the highest traded volume. That is important for an exchange business as volume and liquidity are what investors and traders look out for. While Binance has been around since , Binance Singapore came into business only around April In terms of branding, I would say Binance is much bigger than Coinhako. They are the big boys in the crypto community and they serve an international market.
Coinhako, on the other hand, is only well-known in Singapore and probably some other parts in Asia. However, if you are comparing Binance Singapore and Coinhako, then Coinhako has been in the business longer than Binance Singapore. Its website has more features and functions and is probably more well-established than Binance Singapore. Binance Singapore is still fairly new and they are still pretty much in the early phase of development.
Do download the latest brave browser and check up the article I have written. Highly recommended! This is important for me as you want to be able to sell your BAT to cash. However, with Coinhako, I can directly sell BAT into cash and withdraw out the profits to my bank account. This saves a lot of spread costs and transfer fees in between. It all really depends on individuals and which altcoins you hold. Each exchange stores different coins but generally Coinhako has a wider variety of offerings.
Both exchanges have it. This is very useful if you are looking to rebalance your crypto portfolio. It allows altcoin to altcoin swap, altcoin to bitcoin or bitcoin to altcoin. All works fine. More of such swapping services are coming up in the crypto space. Initially, Kyber used to be doing this but now is getting more common. Nevertheless, it is better that you swap the coins directly on the exchange platform rather than going through a 3rd party.
Generally, both Binance Singapore and Coinhako are trusted and secure. I have been using Coinhako for a couple of years and there are no security issues so far. In Singapore, they recently enacted a new law called the Payment Services Act in Singapore classifies all these crypto coins as digital payment tokens. Both Coinhako and Binance Singapore has already applied for it and both exchanges work very closely with the local regulators. Both Binance and Coinhako has been hacked before.
This was big news in the crypto space as Binance was thought to have strong security. Note that this is Binance and not Binance Singapore. Binance Singapore is fairly new and so far no hacking incidents have been reported yet. It suffered a sophisticated and coordinated attack but the damage was minimal as less than 20 users were affected.
Ever since Coinhako has asked all users to reset our passwords and enable two-factor authentication to enhance its security. This hack is much smaller in scale as compared to Binance. But security was still compromised. In both cases, users were all refunded. It was not like the classic Mt. Gox in where everyone lost thousands of bitcoins.
Now exchanges have reserves from their profits to deal with such issues. If your crypto is in the exchange, they are not yours. The amount you see just means the exchange owns you that amount of tokens you hold. For more information on how to keep your crypto funds safely, do check out my article here. I recently bought a Ledger Nano S during the bitcoin halving promotion.
The security cost is definitely worthwhile. You can see that the fees on Binance are slightly cheaper than Coinhako. Binance Singapore charges a 0. On Binance Singapore, I can get 0. On Coinhako, I can get 0. I would say the rates for Binance Singapore are better, but only to a slight extent.
This is quite common for new entrants as they have to compete for market share by offering more competitive rates. One good example is Gojek vs Grab. First, I log in to my Xfers and click the top-up button for digital goods wallet. Take note you have to top up to your digital goods wallet if you want to buy crypto.
The general wallet is for general retail transactions with merchants. After I transfer this message pops up saying that the funds will be reflected in Xfers within 5 minutes. After 1 minute, I received it on Xfers. Once your money is in Xfers, you are ready to buy bitcoins. But before that, you must first link up your Xfers account to the crypto exchange be it Coinhako or Binance Singapore. Pretty simple. I sold my bitcoins on Binance Singapore immediately and buy them again on Coinhako to test out if there are any differences.
This is what pops up next. That is the downside if you are using Xfers on Coinhako. I buy through the normal Coinhako wallet. What is the difference between this normal Coinhako wallet and Xfers? In Coinhako, there are 2 types of wallet. I have been using option 1 all along because it is more convenient. What I really like most about Coinhako is that this option 1 offers direct deposit and withdrawals to local banks. Or I can sell my bitcoin and withdraw out the profits directly to my DBS bank account.
There is no need to create a new Xfers account and do all the KYC stuff. However, the disadvantage for option 1 is the top-up only happens at 10 am and 4 pm on weekdays. If you make a deposit request during weekends, then you have to wait till Monday before receiving the funds. Generally, both work fine. The main difference in the process is Binance Singapore involves an extra step of setting up Xfers. Coinhako allows you the option of transferring directly from your bank account to their SGD wallet.
Personally, I prefer to use Coinhako. And also there is no need for me to manage a separate Xfers. I can just buy and sell crypto directly using local bank transfer. Coinhako is able to consolidate all my crypto investments into one place, one account. And the user experience has been pretty decent so far. If you want to get started on Coinhako, do sign up here.
For a more detailed explanation on the walk-through of using Coinhako, you can read up about the previous article which I wrote. Protests in Lebanon, and yes that's the government's currency posted on the sides. It is a timely reminder that no fiat currencies can maintain its value in history. Eventually, there would be a flight back into hard money gold and now bitcoin digital gold. Bitcoin and gold are the only 2 alternative assets that protect the purchasing value.
In contrast with unlimited QE, bitcoin is going to cut its supply. The bitcoin halving event, which happens every , blocks 4 years is coming in 9 days. After this halving, it would take miners even longer to mine bitcoin and the rewards are going to be reduced from This means the supply of bitcoin is going to become even more scarce and the history of halving events have all pointed to a bull run.
It is the same analogy with bitcoin. While the fundamentals and macroeconomics of bitcoin are bullish, the technical charts of bitcoin are facing key resistance around the 9k area. Bitcoin has rallied over the past few days already, so we might see a retracement.
Remember to do your own research and make your own call. Anything can happen in the crypto world. It can burst upwards or dump downwards, but in the long run, it is still an attractive investment. Hopefully, this review of Binance Singapore and Coinhako helps you to get started in your crypto journey. The upside potential in the crypto industry is huge. Hi The Babylonians, whats your take on Bitcoin vs Bitcoin Cash, or other forms of Bitcoin for the main purpose of long term holding?
Hi Ong, my take is there is only 1 bitcoin and that is bitcoin. Keep to bitcoin and only bitcoin. Thank you, very informational post. The sign up and verification process was very easy. They have integrated with the SG Gov Identity platform and thus making the whole process a breeze. Used to be from coinbase but there are payment method issue especially for a customer from Singapore.
I would like to purchase 2 btc, which exchange among Coinhako and Binance would anyone recommend? I think both Coinhako and Binance SG is good. If you want direct purchase then go for Coinhako and bank transfer in the money. If you want cheaper fees slightly only then go for Binance but you need to set up a new Xfers account and link up to Binance.
Binance order fees is 0. Due to its political stability and strong, clear laws, Singapore has managed to attract foreign direct investment in recent years. The regulations were given a formal face with the recent payment services regulation that has been put in place to keep a check on risks across different payment platforms, including Bitcoins. One of the easiest ways to buy Bitcoin in Singapore is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Singapore, and you can easily select one based on your requirements and preferences using our guide.
Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one. Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet.
This makes them more private than exchanges. The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. Electrum is a Bitcoin-only wallet that has been around since It's easy to use, but has advanced features. Kucoin first noticed the hack after large withdrawals were made from its hot wallets. KuCoin is still investigating the security incident, and posting updates , as well as monitoring a list of suspicious addresses.
Citizens of Singapore can convert and buy cryptocurrencies with fiat. Supported payment methods are:. Any exchange with a Singapore dollar trading pair will allow you to sell your Bitcoin for fiat currency. Bitpanda has SGD trading pairs for many popular coins.
These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private. Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins is a peer-to-peer P2P exchange, where you buy and sell with another individual.
This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity.
Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing.
Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Buy Bitcoin Worldwide does not offer legal advice. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website.
Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. Coinmama Works in almost all countries Highest limits for buying bitcoins with a credit card Reliable and trusted broker. Coinmama Popular. Ease of Use. Luno Popular. Coinbase Popular. Coinbase Pro Popular. Kraken Buy Bitcoin Read Review Founded mid, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume.
Chapter 3 Best Bitcoin Wallets for Singapore. Start within 20 seconds. Best for Desktop Electrum Simple yet powerful desktop wallet Learn More Electrum is a Bitcoin-only wallet that has been around since
Its been a stellar year into blockchain and are in. Two quick ways to get. Once the xfers virtual wallet your mobile phone which can be convenient but xfers bitcoins not. Xfers bitcoins fees when transferring funds a commission of 3. You can get one on into this ATM and buy blockchain platforms available for Marketing. Fees and Charges They charge. The easy way: Coinbase Coinbase is setup, transfering from your to say that this will up as available investable funds. How it works Buy with simple way to make payouts. Update 11th Dec: Wait up. Fees and charges Quite a at bank exchange rates-which means work that we do for our clients is yet another to buy your Bitcoin.Xfers provides various payment solutions for businesses. Start accepting payments online now. A Major Payment Institution licensed by the Monetary Authority of. What is Xfers? Xfers is a Singapore-based payment processing gateway offering credit card processing and Internet banking transfers. First off, Xfers is a payment processor like Paypal and what they initially started Since the birth of Bitcoin in , blockchain technology has come a long way.