Assets, Bitcoin

How Can I Buy Bitcoin in the Philippines?

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: Before purchasing Bitcoin in the Philippines, be sure to do your research and understand the risks associated with cryptocurrency. Only invest money you can afford to lose and never purchase more than you can afford. Be aware of potential scams when buying Bitcoin, as there are many parties out there trying to take advantage of unsuspecting buyers. It is important to use reputable exchanges and only purchase from verified sellers. As with any investment, please do your due diligence before making any purchases.

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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