Bitcoin [BTC] is well renowned for its first open source, peer-to-peer, digital cryptocurrency that was developed by anonymous programmers group or individuals named Satoshi Nakamoto earlier in the year 2008. Cryptocoin doesn’t have any centralized server used for its issuance, transactions and storing, as it uses a distributed network ledger database technology named blockchain, which requires an electronic signature and is supported by a PoW [proof-of-work] protocol to encrypt and check the legitimacy of transactions. The issuance of Bitcoin [BTC] is completed and verified by users with mining capabilities and is restricted to twenty one million total coins. Currently, Bitcoin’s market cap surpasses above $140 Bln and this can be the foremost widespread kind of digital currency. Trading in cryptocurrency is easily accessible through several Crypto exchange platforms. Now there have been ATMs also installed in several parts of the world to accompany transfers of Bitcoin in fiat currencies with an ease.