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What are Bitcoin and BIT?

Bitcoin is a digital currency that makes it possible for rapid payments to be transferred at a very low cost, with no need for involvement on the part of issuers. You will find this on the Account Funding as BITs. 

There are 1,000,000 BITS in a whole Bitcoin.

So, one BIT would be worth 0.000001 BTC.

A useful converter is here.