+19.87% growth: How to Buy Bytecoin (BCN) – A Step by Step Guide
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What is BCN?
Created in 2012, Bytecoin (BCN) describes itself as a private, decentralized cryptocurrency with an open source code. The main goal of the project is to facilitate fast, anonymous, and untraceable transactions. Bytecoin claims to be the first project to implement CryptoNote technology. Its security reportedly comes from using ring signatures to protect a sender's identity and unlinkable addresses to prevent blockchain analysis. Bytecoin claims to have a block time of 2 minutes and adaptive parameters that are designed to make it easy to mine. Recent additions to Bytecoin technology include Auditable Wallets, which reportedly enables secure, publicly observable deposits, and Blockchain Gateways, a means of connecting Bytecoin's blockchain with other blockchains.
Currently BCN is being ranked 100 out of the top 100 cryptocurrencies on Coinmarketcap and has recently surged a hefty 19.87% at the time of writing.
BCN has been listed on a number of crypto exchanges, unlike other main cryptocurrencies it cannot be directly purchased with fiats money. However You can still easily buy this coin by first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BCN.