A lot of people want to know: How to get Bitcoins easy? Where to get free bitcoins? And how to earn bitcoins online? At BtcSlice.com, we continuously looking for new and proven methods to get or earn bitcoins. Keep reading and you’ll learn more!
What is Bitcoin?
What is Bitcoin? Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.
Who creates new bitcoins?
Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.
Where can I use Bitcoin?
Bitcoin as a form of payment for products and services has seen growth, and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. The European Banking Authority has warned that Bitcoin lacks consumer protections. Unlike credit cards, any fees are paid by the purchaser, not the vendor. Bitcoins can be stolen, and chargebacks are impossible. Commercial use of bitcoin is currently small compared to its use by speculators, which has fueled price volatility.
Bitcoin legal issues
Bitcoin has been a subject of scrutiny amid concerns that it can be used for illegal activities. In October 2013 the US FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time. The US is considered Bitcoin-friendly compared to other governments. In China, buying bitcoins with yuan is subject to restrictions, and bitcoin exchanges are not allowed to hold bank accounts.
Get Bitcoins from online Casinos
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How do you get Bitcoins from Mining
Everything the bitcoin economy and culture is centers around bitcoin mining, in which the larger blocks of the currency are uncovered. Whatever else happens with bitcoins, whether it is the free bitcoins giveaway process, the activity that takes place on exchanges, or the commerce that occurs on the Internet by way of merchants and customers, …
How to earn Bitcoins
How to receive or earn Bitcoin? This question is the most popular question related to Bitcoin cryptocurrency online. Everyone wants to find the easiest way to get bitcoins! Preparation steps The first step for those who want use Bitcoin is to choose and create a purse, or as experts call it, the client of a …
How to get bitcoins free
Don’t want to mine for Bitcoins? Are you curious how to get Free Bitcoins online? What? Free Money? Well, it may sound too good to be true, but it isn’t. Because Bitcoin payments occur no fees (just think of Paypal or credit card fees!), the currency is great for micropayments. Tipping someone less than a Dollar …