bitCNY Crypto Price Prediction, Value and Chart (BITCNY)

bitCNY (BITCNY) Frequently Asked Questions

What is bitCNY?

bitCNY is a market pegged asset (MPA) issued on the Bitshares platform, these assets are known as bitassets or smartcoins. Smartcoins always have 100% or more of its value backed by BitShares (BTS), and can be redeemed for it at any time. Since the exchange rate of BTS to CNY can change, the blockchain protocol deals with increasing and decreasing supply accordingly. This allows users to trade and transfer stable priced tokens across the blockchain and to trade real world commodities like gold and silver in a decentralized manner. (Description provided by CryptoCompare)

How do I buy bitCNY?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including bitCNY.

Where can I get bitCNY wallet?

bitCNY produces its own wallet software that is available for download on its website, which allows you to store bitCNY on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of bitCNY?

One bitCNY (BITCNY) is currently worth $0.16 on major cryptocurrency exchanges. You can also exchange one bitCNY for 0.00000444 bitcoin(s) on major exchanges. The value (or market capitalization) of all available bitCNY in U.S. dollars is $4.48 million.