Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into ,, pieces. Certain exchanges are simply there to steal your personal information or rob you of your bitcoins. Bitcoin is the first, most popular, and most valuable decentralized digital currency designed for peer-to-peer transactions without the intermediary of traditional financial institutions. But if you do live in one of those states, Robinhood Crypto is a great option to get started in Bitcoin or Ethereum trading. While there are some stories of people making a fortune on Bitcoin in , many people lost as it fell from its peak. Before you buy, make sure you double-check the legal status of Bitcoin in your country.