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Showing posts from May, 2017

BITCOIN WALLET for the Newbie

BITCOIN WALLET  (Newbie) BITCOIN WALLET is necessary in-order to obtain bitcoins. A bitcoin wallet can be in the form of mobile device, computer, hardware, bank, full node or the web.  The best option if your new to bitcoins is to use a web based wallet. There are many wallets that can be found here & here . By registering a wallet you will get a bitcoin(BTC) wallet address. This address is used to make any transaction with bitcoin. Thorough the address bitcoin can be sent and received to other bitcoin addresses or can be exchanged for money at specified BITCOIN EXCHANGES.   The companies that accept bitcoins are increasing in numbers. Using your wallet you can buy goods or food from these companies. This wallet can also be used to accept salary or wages that are paid by bitcoins. Some sites give free bitcoins and others sites give bitcoins for marketing their sites. Which ever way bitcoins are earned or spent it will be done through the wallet.

BITCOIN - Layman Terms

BITCOIN What is BITCOIN? How to get BITCOIN? What are the basic elements of BITCOIN? Money has had many forms, from the early stages of exchange of goods to metal coins to  paper notes to electronic cards. Now we have come to a new era where raw materials are getting scarce, depleting and polluting the environment to tackle these issues money is now emerging in the form of  encrypted electric signals  in short we say BITCOINS . BITCOINS are digital money. Just like your normal money which can be stored in wallet, which can be a desktop, mobile, the web, a hardware or a bank. Its is the first of a kind “decentralized digital currency”. Decentralized in the sense it cannot be controlled by a single entity or a group, for instance the bank. Similar to the internet as no one owns the internet and its decentralized. BITCOINS can be given or taken through exchanges. Bitcoin exchanges sell and buy bitcoins in exchange for money, which can be done by bank transfer