Assets, Bitcoin

Can I Buy Bitcoin From Zelle?

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: Be aware that Zelle is not a Bitcoin exchange. Zelle is a payment network that allows you to send money directly from your bank account to another person’s bank account, and it does not currently support the purchase of Bitcoin or any other cryptocurrencies. Attempting to use Zelle to buy Bitcoin may result in fraud or theft, so be extremely cautious when considering this option.

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.

Previous ArticleNext Article