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. 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 is unique in that there are a finite number of them: 21 million.

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.

So how much does a real Bitcoin cost?

The answer isn’t straightforward, because there isn’t a single price for a Bitcoin – it depends on where you’re buying it and how you intend to use it. For example, if you want to buy Bitcoin to use as an investment or to purchase goods and services, you’ll likely pay more than if you just want to buy Bitcoin to trade on an exchange.

The bottom line is that the real cost of a Bitcoin depends on your individual circumstances.