Bitcoin users are in for a treat with the launch of a new website, Binance, that allows users to scan their wallet balances and find out how much they have invested in the digital currency.
The service is called Binance Lite and is currently available for free.
Users who sign up will be able to see a graph showing the current value of their funds, as well as what each of their wallet addresses have in common.
Users can also search for coins they own, as shown in the image above.
Bitcoin is currently trading for over $US11,000 a coin.
It has been around since 2009, and has been a long-term favourite among users due to its high transaction fees and the fact that it does not require a centralised exchange.
This has allowed it to become one of the most popular digital currencies in the world.
“The Bitcoin blockchain provides a very reliable record of your financial activity,” says Binance founder and CEO Vlad Tepes.
“Users will have full control over their funds and can easily view their balances, as their balances are kept private and private is always best.”
A user with an average net worth of $US2.2 million can now view the balance of their accounts on Binance.
Binance has also expanded to include bitcoin and ether, the two main cryptocurrencies that make up the Bitcoin network.
A user who has an average wealth of $1.3 million can find out what the Bitcoin block reward is worth by looking at the price of ether.
Both of these coins have a market cap of $4.5 billion, according to CoinMarketCap.
However, the average Bitcoin user has only around $US7,000 in their wallet, which is a lot of money compared to other digital currencies.
“With a high market cap, the Bitcoin price is a powerful tool for investors,” says Tepers.
“It allows them to quickly track their portfolio and make informed investment decisions.”
What does it mean for you?
Binance says that its service will help you understand how much you have invested and can be a good way to gauge how much a digital currency has grown over the past few years.
“Our goal is to give people access to a new way of understanding the value of a digital asset, and to allow them to understand how the blockchain works,” Tepetts says.
“Binance Lite is the next step in our journey to democratise financial transparency and transparency for the unbanked.”
What you need to know about Bitcoin: 1.
The blockchain, a virtual ledger of transactions 2.
Bitcoin, a digital computer network that allows people to transact in the currency using software on their computers 3.
Ether, a cryptocurrency that can be used as an electronic payment system for online purchases 4.
Bittrex, a marketplace that allows buyers and sellers to swap digital currencies for each other 5.
Bitcoin futures, where buyers and seller are trading the digital currencies they want to buy and sell 6.
Bitcoin ETFs, which are a form of futures trading, similar to options, but based on cryptocurrencies such as Bitcoin 7.
How to trade cryptocurrencies: 8.
What is Bitcoin?
What are the different cryptocurrencies?
What does Bitcoin mean?