Bytecoin Price, News and Analysis (BCN)

Bytecoin (BCN) is the first currency based on the CryptoNote technology and launched back in July, 2012. BCN protects your privacy with completely untraceable and anonymous transactions so it is deservedly called the next generation anonymous cryptocurrency.  It is a fully independent currency which has been developing separately from Bitcoin and its forks. The basis for the creation of Bytecoin was the CryptoNote unique technology. (Description provided by CryptoCompare)

Bytecoin can be purchased or sold on the following cryptocurrency exchanges: HitBTC, Poloniex and Stocks.Exchange.

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

Bytecoin produces its own wallet software that is available for download on its website, which allows you to store Bytecoin 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 S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Jaxx or Coinomi to store multiple cryptocurrencies with some added security benefits.

One Bytecoin (BCN) is currently worth $0.00 on major cryptocurrency exchanges. You can also exchange one Bytecoin for 0.00000055 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Bytecoin in U.S. dollars is $886.86 million.

Bytecoin is a proof of work (PoW) coin that uses the Cryptonight algorithm.

Bytecoin can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Bytecoin and access to a mining pool that pools your effort with other miners and a wallet to store the Bytecoin that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

The following coins use Bytecoin's Cryptonight algorithm and proof of work (PoW) proof-type: Monero, DigitalNote, Aeon, Boolberry, Interplanetary Broadcast Coin, Sumokoin, Karbo, IntenseCoin, LeviarCoin and BitCoal.

The official Reddit community (subreddit) for Bytecoin is r/BytecoinBCN.