Assets, Bitcoin

How Can I Buy Bitcoin in Pakistan?

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 in Pakistan can be risky and is not recommended for those unfamiliar with the risks associated with cryptocurrency trading. Cryptocurrency exchanges and other services that facilitate the purchase of Bitcoin in Pakistan may not be regulated or insured, meaning the user is exposed to a significant degree of risk with regards to the security and integrity of their funds. Additionally, local laws may restrict or prohibit certain types of transactions, so it is important to research local regulations before engaging in any activity.

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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