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Showing posts with the label BITCOIN

BITCOIN EXCHANGE for the Newbie

BITCOIN EXCHANGE  (Newbie) BITCOIN EXCHANGE is place where Bitcoin can be purchased. Basically if the Bitcoin is purchased or sold to obtain or give anything be it fiat money, tangible goods or other services its considered as a Bitcoin Exchange. Bitcoin can be bought or sold using fiat cash, electronic transfer or any tangible element. Bitcoin exchanges operate just like a money exchange company, just that Bitcoin Exchanges are more cryptographic and transactions can be done easily almost any where in the world.  Bitcoin Exchanges provide you with a Wallet where the BTC which you purchase or sell is store. Please bear in mind that these are not you personal wallet but perform same function as a any typical BTC wallet. Its most recommended that your Bitcoins are stored in you own personal wallet.  Which exchange you use is mostly depends on where you reside and which place is more accessible to you, provided they are trust worthy. Well! Ya go...

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...