Assets, Bitcoin

Can I Buy Bitcoin at MoneyGram?

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.

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

NOTE: WARNING: It is not possible to buy Bitcoin directly from MoneyGram. MoneyGram is a money transfer service, and does not offer cryptocurrency trading services. If you are looking to buy Bitcoin, you must use an online exchange or broker to do so. Be sure to research any company you are considering using and ensure they are reputable before making any transactions.

[17] As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.[18].

Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.

8 million unique users using a cryptocurrency wallet, most of them using bitcoin.[19].

The first wallet program was released in 2009 by Satoshi Nakamoto as open-source code.[10] In 2014, Hass McCook estimated that “bitcoin will ultimately be the best currency”.

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