Why is BTC to RUB pair important to traders?
BTC to RUB is a popular crypto-to-fiat pair among crypto investors and traders, both in Russia and abroad. Since its inception in 2009, Bitcoin – the base currency of this pair – has proved to be the world’s top cryptocurrency in terms of market capitalisation and adoption. The counter currency – RUB – is the official currency of the Russian Federation. The ruble has been used since the 13th century and is the second oldest national currency in the world after the British pound.
The crypto market, including Bitcoin, is extremely volatile, which provides huge potential for speculation. Observing the popularity of BTC to RUB exchange transactions, there are immense opportunities for traders to profit from the pair’s trade.
BTC to RUB trading: the ultimate way to invest in Bitcoin
Although the volume of BTC to RUB crypto-to-fiat currency pair is much lower than BTC to USD, Bitcoin to RUB trading is steadily growing. The ultra-volatile nature of BTC/RUB makes it a strong alternative to traditional Forex markets.
Bitcoin traders can always profit from BTC price swings. You can either go long or short, depending on Bitcoin to RUB price movement, and benefit from the price difference.
Proven to be a lucrative investment, Bitcoin consolidates its position as the world's top cryptocurrency. With a remarkably strong start of 2020, investors share a bullish view on Bitcoin price future. Convert BTC to RUB at Dzengi.com and trade it with 100x leverage and tight spread.
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Launched in 2009, Bitcoin introduced a new type of digital currency gradually gaining worldwide popularity. Today, it is the most popular and valuable cryptocurrency on earth, serving as the gold standard for emerging cryptos.
Due to its decentralised nature, BTC transactions do not require a middleman, meaning no banks or other authorities are involved. In addition to being an alternative payment network and a store of value, Bitcoin offers great opportunities to traders.
Key facts about BTC
The first decentralised cryptocurrency
Launched in 2009
The brainchild of a person or group known as Satoshi Nakamoto
The maximum number of Bitcoins is 21 million
80% of all Bitcoins have already been mined
Bitcoin is considered both a commodity and a currency
The first BTC transaction was to buy 2 pizzas
First traded on the cryptocurrency exchange BitcoinMarket.com in April 2010, Bitcoin’s starting price was $0.0025 (C$ 0.0033). Shortly after, the BTC price rate started to surge dramatically, generating more than a thousand per cent earnings to its initial owners.
As the cryptocurrency is not tied to any particular country or region, domestic and geopolitical factors can have less of an impact on the value of Bitcoin. Instead, you should keep an eye on its demand, adoption rates, regulations and market sentiment.
Bitcoin price chart shows BTC/RUB price rate in real-time. Analysts expect 2020 to be an important year for Bitcoin, making positive forecasts regarding the Bitcoin to RUB price.
In Bitcoin to Ruble pair, BTC is the base currency and the RUB is the counter currency, which means the BTC/RUB chart shows how much Bitcoin is worth as measured against the Russian ruble.
Russia also has relatively low and stable inflation rate, a sustainable financial and banking sector and a free-floating exchange rate that makes the Russian ruble less dependent on oil prices than ever before.
To better understand what affects the BTC/RUB rate and make thorough trading decision, you should keep a close watch of crypto market news and monitor the Bank of Russia’s interest rate policy.