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Wednesday, June 11, 2014

What Is Bitcoin?

Hello, today I brought something for you all readers. It's not so new, but currently became a trend on the net.

What is bitcoin?

BITCOIN is a digital currency that we can use for personal transactions or business at high speed and low costs.
Why we use bitcoin?
  • Low Fees :  Bitcoin designed for a global commerce in the modern age, with the ease of a credit card but without the high fees.
  • Global : Bitcoin can be used at the same value anywhere in the world where Bitcoins are authorized, thus becoming the first truly global currency.
  • Protected : The nature of Bitcoins means that, compared to credit cards or other financial tools, our identity is safer from theft. The level of our privacy is up to us, and in the online world privacy and protection are an asset.

Watch this video for better explanation about BITCOIN
(Credit for this video goes to weusecoins on youtube)
 
 
Are you ready for Bitcoins?
CLICK HERE TO KNOW HOW TO GET BITCOINS FOR FREE!

HOW TO GET BITCOIN?

So, we already know what BITCOIN is (Click here to read about BITCOIN).

Are you ready for your first Bitcoin?

1. You'll need a wallet address, if you don't have wallet yet, click here to get one (sigh up for free)

P.S.: Don't forget to note those sign up information, and make a backup by clicking download or google drive (this will automatically upload your wallet backup to google drive) button under BACKUP menu.



2. If you already have your wallet address, then copy your wallet address, then open some faucets that provide a FREE BITCOINS. And here is a list of faucets I usually do for dailies:

Freebitco.in : To sign up, Paste your wallet address, create a passwod and enter your email address. You can get a randomly free Bitcoin every hour, based on the number you roll.

Bitcoin Zebra : Just as usually, enter your wallet address, and then click on Feed Zebra, enter the captcha, and you'll get an small amount of Bitcoin, based on your luck. Don't forget to try the Multiplier, since it doesn't has any risks to multiply, just need a luck. - Hourly Faucet-

9bitz : Enter your wallet, then password to sign up and login. (please remember the password, since they haven't implement any system to recover lost password). Then click on PLAY NOW button, enter the captcha, then Click ROLL button. If you don't get any "9", then try again at that time, no need to wait to retry. After you got a "9"(s), then you can get back a hour later. -Hourly Faucet-

Bitcoiner : This one is daily faucet, return here every day, consecutive days will gave us bigger multiplier (max 2x).


And this is PTC Ads using bitcoin, that already proven, and I already got paid many times:
CoinAd usually tooks 4 days for me to reach the payout point, after reaching 0.15 mBTC, click on "cash out" to request payment, it tooks time, so be patient.

BTCClicks doesn't take much times, payout point 0.1 mBTC, same as CoinAd, usually need 4-7 days to reach.

BTCJams usually need a months to reach payout point (0.002 BTC).

Click2Dad you can click as many as you can, payout at 0.2 mBTC.

P.S.: After signing up, don't forget to verify your email. And be sure to open at least one advertisement each day, so if you have a ref, you'll get the commission.


Cloud Mining, investing some BTC we've got to buy GHS or KHS, it'll generate BTC periodically:

CEX.IO : Buying GHS using BTC and other cryptocurrency, to make more money.

Scrypt CC : Investing on KHS, they also provide a Estimation of monthly income.



After you've got an amount of BTC, then it's time to cash it out into real money. How?
Mine? I'm in Indonesia, so I use Bitcoin Indonesia to cash it out into IDR using Local Banking Account.

For International users can use Bitstamp which is can trade to USD, Euro or Pound (Wire Transfer).

How? Register at the Exchange websites, then copy their deposit address, back to your wallet, then click send, paste the deposit address and the amount, then click send. BUT, remember to adjust the amount above the minimum deposit, since there'll be a transfer fee from blockchain.

Alternatively, just use your deposit address as a Payout address (not recommended) to minimize the fee.

That's all for now, later on I'll explain things about trading cryptocurrency, so we can get more BTC.