What Is A Bitcoin?Bitcoins (abbreviated as BTC) can be used to buy merchandise anonymously. Also, bitcoins are not tied to any country or subject to regulation. Since the value of Bitcoin can go up or down, you can choose to use them as an investment in hopes that the value continues to increase, or you can convert your Bitcoins to cash.
How Do I Obtain Bitcoin?You can accept Bitcoin for goods and services. You can purchase Bitcoin through an exchange platform. You can earn Bitcoin through Bitcoin mining or through reputable websites like the one I am going to show you.
Can It Be Trusted?All transactions and bitcoins issued into existence can be transparently consulted in real-time by anyone. All payments can be made without reliance on a third party and the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking. No organization or individual can control Bitcoin, and the network remains secure even if not all of its users can be trusted.
Let’s Get Started!
Step 1: Sign Up For An Account To Buy/Sell BitcoinI personally use Coinbase because it is the most popular, and the most trusted site. It is also very easy to use. Once you have an account, you will receive your own crypto-address for sending and receiving your Bitcoins. You can also convert your Bitcoin to cash for withdrawal and/or explore other cryptocurrency options. Best part is that you can withdraw to your debit card instantly for a small fee at anytime. You can also withdrawal via ACH which takes up to 1-3 business days. SIGN UP FOR COINBASE BY CLICKING HERE (or if you already have a wallet, skip to the next step) FreeBitco.in – There is only one account allowed per ip address. It is important to note that this will only work for you if you work it! It is not something that is auto-pilot and does require engagement. I will list the steps below and also provide images of what you will see.
- After clicking here to sign up for your own free account, you will see the a bar at the top of your screen. Click “Sign Up”
- Enter your email address, password and the captcha. If you do not enter a password before the captcha entry, the system will email you a password generated for you
- Once you click to proceed, you will be immediately taken right into your account – Scroll just a little and click the blue “Roll” button and that’s it (for now!)
- You can now click “Roll” once per hour every hour to build up your balance to withdraw to cash. Helpful Tip: Leave the website open in a separate tab while you browse the web! You can also set up a sound alert for when the hour is up and you can roll again.
- Screenshots below (keep reading to see how you can maximize what you earn)