Assets, Bitcoin

Can I Buy Bitcoin?

Yes, you can buy 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 was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

NOTE: WARNING: Buying Bitcoin can be a risky venture. It is important to understand the risks associated with the purchase of Bitcoin and all potential cryptocurrency investments before proceeding. Investing in Bitcoin or any other cryptocurrency should be done with caution and only after conducting thorough research. Many factors may affect the value of Bitcoin, including political, economic, regulatory, and market conditions which can rapidly impact its value and liquidity. Be sure to consult a qualified financial advisor before investing in any digital asset.

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. Bitcoin can also be held as an investment.

According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

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