Bitcoin is one of the most important inventions in all of human history. For the first time ever, anyone can send or receive any amount of money with anyone else, anywhere on the planet, conveniently and without restriction. It’s the dawn of a better, more free world. — Roger Ver
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks!
Bitcoins can be used to buy merchandise and services anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.
People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.
All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address. However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. This is one reason why Bitcoin addresses should only be used once.
Like in real life, your wallet must be secured. Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, Bitcoin can provide very high levels of security if used correctly.
A Bitcoin transaction cannot be reversed, it can only be refunded by the person receiving the funds. Bitcoin can detect typos and usually won’t let you send money to an invalid address by mistake, but it’s best to have controls in place for additional safety and redundancy.
Bitcoin is an experimental new currency that is in active development. Each improvement makes Bitcoin more appealing.
Free bitcoin wallets are available for all major operating systems and devices to serve a variety of your needs. For example, you can install an app on your mobile device for everyday use or you can have a wallet only for online payments on your computer. In any case, choosing a wallet is easy and can be done in minutes.
You can get your first bitcoins from any of these six places:
1.Mine your own Bitcoins. The very first way to get your own Bitcoins was through mining.
People compete to “mine” bitcoins using asic miner to solve complex math puzzles. This is how bitcoins are created. Currently, a winner is rewarded with 12.5 bitcoins roughly every 10 minutes.
2.Do work for Bitcoins. If mining is not for you, you can search for work that you can do for Bitcoins.
3.Offer something for Bitcoins.
4.Gambling and casino games.
5.Use various Bitcoin faucets, like GetFreeCoins.net
6.Use a cryptocurrency exchange where you can exchange ‘regular’ coins for bitcoins. BitMax is a leading exchange, along with Negocie Coins and OKEx.