Bitcoin is the new gold. Technically it’s more like digital cash, but let’s not address the philosophical aspects.
It’s currently increasing in value exponentially, and can be earned online with minimal effort.
This article will be your guide to attaining bitcoin out of thin air.
What Is Bitcoin?
For those of you who are new to bitcoin, or don’t know what exactly it is, here’s a quick explanation: Bitcoin is cryptocurrency, created in 2009 by an anonymous developer. It claims to be “unhackable” because that data has never been stolen from its servers in the eight-to-ten years that it has been live.
How To Earn BitCoins Online – Step By Step Method
Here’s how you can make bitcoins online when you’re only 10 minutes away from your next paycheck (or whenever):
The easiest way to earn bitcoins online is to use bitcoin mining software to process transactions.
Mining software is what bitcoin uses to generate bitcoins. The software uses your computer’s processing power to create blocks of bitcoin transactions.
It’s like a casino. When you buy your bitcoins, you buy a share of the transaction fees.
In exchange for your participation, the mining software rewards you with bitcoins.
To make money online, you need a site that will allow you to process bitcoin transactions. There are many sites like this, and the best ones offer the best return on your investment.
How to Buy Bitcoin
- Go to a bitcoin exchange. There are many of them online, but the most well-known are Coinbase and Kraken.
- Enter the amount of bitcoins you want to buy. For this example, let’s say you want to buy $100 worth of bitcoins.
- The exchange will tell you how much it will cost to buy the amount of bitcoins you entered. It will also show you the current exchange rate of bitcoins to USD.
- If you’re buying bitcoins with a debit card, the exchange will ask you for the card number, card holder name, and card expiration date.
- Enter the information and you’re done.
- You will be shown a confirmation number. Enter that number
How to Sell Bitcoin
- You can make money by selling your bitcoins. There are many places to buy bitcoins, but the most well-known are Coinbase and Kraken.
- Log into your Coinbase account and click “Funds”.
- Click “Funds” again.
- Scroll down to “Bitcoin” and click on “All”.
- You will see a list of your bitcoin addresses.
- Select the one you want to sell.
- You will see a confirmation screen.
- Your bitcoins will be sent to the address you entered.
- You will be shown a confirmation number. Enter that number.
- You will be sent a notification email.
What is a Bitcoin Wallet?
In this guide, we’re going to learn how to earn bitcoin.
A bitcoin wallet is a piece of software that allows you to store your bitcoin in a secure location.
Bitcoin wallets are also used to make bitcoin purchases. You can use a bitcoin wallet to buy anything with bitcoin.
You can also buy things with your bitcoins. This is how you earn bitcoin by using bitcoin wallets.
There are many different types of wallets. We’ll focus on two:
Online Wallets – The most popular type of wallet, online wallets allow you to store your bitcoin securely on a website.
Desktop Wallets – A desktop wallet is a software program that allows you to store your bitcoin on your computer.
How to Convert Bitcoin to Paypal
- You can exchange your bitcoins for other currencies. There are many places to exchange your bitcoins for other currencies.
- The most well-known are Coinbase and Kraken.
- Log into your Coinbase account and click “Funds”.
- Click “Funds” again.
- Scroll down to “Currency” and click on “Exchange”.
- You will see a list of currencies you can exchange for bitcoins.
- Select the one you want to exchange for bitcoins.
- You will see a confirmation screen.
- Your bitcoins will be sent to the address you entered.
- You will be shown a confirmation number. Enter that number.
