Assets, Bitcoin

Can You Buy Bitcoin on BitPay?

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: Buying Bitcoin on BitPay is not a secure way to purchase Bitcoin. BitPay does not provide the same level of security as other exchanges, and does not offer the same degree of customer service or protection from fraud. Therefore, users should always exercise caution when using BitPay to buy Bitcoin and take extra steps to ensure their funds are 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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