Assets, Bitcoin

How Many Dollars Is $5 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 is unique in that there are a finite number of them: 21 million.

NOTE: WARNING: Bitcoin is a volatile currency, and its value can rapidly change. Therefore, the answer to the question ‘How Many Dollars Is $5 Bitcoin?’ depends on when you are asking. Before making any decisions about purchasing or trading Bitcoin, please research current market values and consider any associated risks.

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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