Bitcoin 101- 10 Things you need know about bitcoin as a cryptocurrency. - Wonga.top #1 bitcoin news blog.

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Monday, 11 June 2018

Bitcoin 101- 10 Things you need know about bitcoin as a cryptocurrency.

What is bitcoin? According to wikipedia : Bitcoin is a cryptocurrency and the world first decentralized digital currency. It's also a worldwide payment system that works without a central bank or single administrator.
Most people today didn't how bitcoin came to existence or can't even know bitcoin today price.




Am going to explain to you the basic concept you need to know about bitcoin.
Recommended for you: Beginner's guide to bitcoin- Everything you need to know about btc currency.



HOW DOES BITCOIN WORK?
Btc works as a peer-to-peer network, in which transactions take place between users directly, without an intermediary or a middle man.
These transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Before a Bitcoin coin can be spent, it has to be generated by a system block or mined just like a binary number 0 to 1.



WHAT IS BITCOIN FOR?

Like I said earlier bitcoin is a digital payment system and the world first decentralized digital currency. We call bitcoin a paperless one currency because it can be spent any where in the world. its hash free, controlled by no one, easy to trade with.
Btc can be used to trade online, exchanged for altcoins, bitcoin business, Use for goods and services, exchange for gift cards.


IS IT LEGIT TO BUY BITCOIN?

bitcoin is increasingly being used for money laundering. It's widely used by cyber dark net or dark web artist to carry out illegal act. Some countries like Algeria, Bolivia, Ecuador, Macedonia
bitcoin is banned there. Using it you could be jailed under the country's strict anti-money laundering laws". Aside this five countries bitcoin is legal to use anyway in the world.


HOW IS BITCOIN STORED?

Bitcoin can stored through the use of a wallet. We have hardware wallet, online wallet and desktop wallet.
Recommended for you:
1: How to setup and create a secure bitcoin Wallet.

2: 3 Best online secure bitcoin wallet.


IS BITCOIN A REAL CURRENCY?

Yes bitcoin is a real currency it can be converted through an exchanger to any currency in the world. Bitcoin to USD, bitcoin to naira , bitcoin to pounds, bitcoin to indian rupees.


IS BITCOIN DIFFICULT TO USE?

No bitcoin is not difficult to use. All you have to do is register for a bitcoin wallet and store coin.

HOW DO I BUY BITCOIN ?

You can buy and bitcoin within few minutes. They're are lots of scam exchangers that claim to sell bitcoin. I recommended you buy bitcoin from any of this two trusted exchangers .
Buy bitcoin from LocalBitcoin Here. Buy bitcoin fromPaxful Here


HOW DO I SELL BITCOIN?

Just find a bitcoin negotiate on current bitcoin price and sell. Your bitcoin will be exchanged for cash. You can use this trusted exchangers.
Buy bitcoin from. Localbitcoin Here. Buy bitcoin from Paxful Here


HOW CAN I EARN FREE BITCOIN

You can earn bitcoin by mining mining, watching videos, bitcoin casino, bitcoin gambling, bitcoin faucet sites.
Recommended for you: Top 3 Bitcoin
Faucet Sites To Earn Free Bits.


The best faucet site I currently use to earn bitcoin, bitcoin cash, dogecoin, litecoin and other altcoin is FaucetHub you get paid instantly. Just Click this to start earning free bitcoin JOIN HERE

HOW DO I CREATE A WALLET?

Register on any online or desktop wallet to get your wallet or follow this guide.
Recommended for you: How to setup and create a secure bitcoin Wallet.


For the latest bitcoin news, earn free bitcoin and more. follow UseBtcoin on Twitter @Usebtcoin

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Tag : Bitcoin price online, bitcoin wallet, Bitcoin market, accept Bitcoin, accept Bitcoin payment, altcoin faucet, bit wallet, Bitcoin block chain, bitcoin cash.

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