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The first Bitcoin exchange website sold over 1500 BTC for a single dollar

The first Bitcoin exchange website sold over 1500 BTC for a single dollar

As Bitcoin continues to soar in price and global dominance, the crypto-community has made it a tradition to dig up historic data containing the dominant asset’s humble beginnings. A popular Bitcoin personality with the Twitter handle “DocumentingBTC” recently posted what could be seen as the first website on which Bitcoin purchases were made. In a memoir rolled out by the site on the 28th of December 2009, interested buyers were asked to send an email containing the number of Bitcoins they intended to buy.





At the time, PayPal was the only medium of payment for recipients. Rate measurement was dependent on whenever transactions were initiated, and at midnight Greenwich Mean Time (GMT), new rates were updated. Interestingly, well over 1578 BTC could be bought with just 1 dollar. At the current market rate, the aforementioned amount of BTC is worth over $76 million.






This was the first website ever created you could buy #bitcoin on. For the price of a single dollar, you got over 1,578 #bitcoin pic.twitter.com/UuFoGWEp7j

— Documenting Bitcoin 
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