Assets, Bitcoin

Can You 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, or any other cryptocurrency, is a high-risk investment. Before you invest, make sure that you understand the potential risks and rewards associated with buying digital currency. Be sure to research the company offering the currency, and make sure that it is reputable and trustworthy. Never purchase Bitcoin with money you cannot afford to lose.

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 there were between 2.9 million and 5.8 million unique users using a cryptocurrency wallet, as of 2017, most of them using bitcoin.

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