Assets, Bitcoin

Can I Buy Bitcoin With Instacoin?

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 Bitcoin through Instacoin is a high-risk activity that can result in significant financial losses. Instacoin does not provide any guarantees or security for your Bitcoin transactions. Before investing in any cryptocurrency, please make sure that you understand the risks involved and do your own research before making any decisions.

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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