Assets, Bitcoin

Can I Buy $100 of Bitcoin?

Yes, you can buy $100 of Bitcoin. Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

NOTE: Warning: Purchasing cryptocurrencies such as Bitcoin is a high-risk activity. Prices can be extremely volatile, and the value of your investment can go up or down significantly in a short period of time. Transactions are irreversible and you may end up losing your entire investment if you are not careful. Before investing, make sure you understand the risks associated with cryptocurrency investing, and consult with a professional financial advisor if necessary.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

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