Assets, Bitcoin

Can I Buy Bitcoin on Instacoins?

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: Instacoins does not guarantee the security of Bitcoin transactions and may not be an authorized provider of Bitcoin. Using Instacoins to purchase Bitcoin may result in financial losses due to fraudulent activities, security breaches, or other issues. Before buying Bitcoin on Instacoins, you should research the company and ensure that your transaction is secure.

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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