Bitcoin is a new mode of transaction that incorporates computer and networking technology for this purpose. It is electronic form of currency with which you can do every kind of financial activity. It has proved to be a boon for the world. The expert economists believe that bitcoin will someday take over the paper and metal currencies. Bitcoin exchange rate varies as the exchange rates of foreign currencies vary significantly. But in foreign currency exchange rate there is the effect of devaluation. But bitcion exchange rate is completely free from the aspect of devaluation. Bitcion exchange rate fluctuates based on demand and supply mechanism.

As bitcoin is a new edition in transaction system, people have various questions regarding the use and convenience of bitcoin and its exchange rate. They are as follows:

How can we know bitcion exchange rate periodically?

It is very simple and easy to know bitcion exchange rate. At present you will find a lot of online converter that will show the converted value of bitcoin in your preferred currency. You will be able to convert any amount to any form of your preferred currency. For example 1 bitcoin accounts for 406.33 US Dollar. There are various sites that provide latest and most accurate bitcoin price index.

Does bitcoin have acceptance in the market?

The number of users of the online currency bitcion is very rapidly increasing. It is still not a very widely used exchange system. As the number of users is still low, it has limited acceptance in the financial matters. But it is being widely used in the developed countries and its acceptance is increasing.
Is bitcoin a stable currency?

Bitcoin is not a stable currency as it is not used widely. But its stability will increase very rapidly as the number users and the amount of bitcoin use increase.

As bitcoin is a new economic system it has some drawbacks but it will soon overcome them and become a leading mode of transaction all over the world.