Bitcoin is a crypto-currency (virtual money) and a payment system invented by Satoshi Nakamoto in 2009. This is a is peer-to-peer system which means no one in involved between buyer and seller. You pay directly to other person any where in the world without need to have any bank account or transaction mode. Now you must be thinking how on earth we will verify these transactions. Well this is done by some unique network nodes(data communications equipment) which can create, send and receive information. All transactions are recorded in a public distributed ledger called the blockchain so that no one can scam you.
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Create BitCoin Wallet Free
Firstly you need Bitcoin wallet to be able to send and receive bitcoins. This is very easy and all you need is active email account. Visit BlockChain website from this link and click on wallet button. After that you will see another web page where you just have to Create a wallet by entering your working email and password. Now your account is created and it is recommend to confirm your email and mobile so in case of emergency you can easily unlock it.How to Send and Receive Bitcoins
Every Btc(Bitcoin) Wallet has a unique wallet code which is used to do bitcoin transactions online. for example if you want to receive Bitcoin from any other person you have to provide him your wallet code which you can obtain by clicking on the Receive link located at the top of your account. The code looks like this (1B4xDJk1iBvT9jMyVCZFtTKisdUR6sCvhY) and is unique to every body. Similarly you need to have this code if you want to send bitcoin to other person.Mine Bitcoins for Yourself
So if you want to Mine BitCoins for your self than you need a powerful computer or server which can handle complex operations. For this you need to download and run the Bitcoin mining software for 24/7hrs. If you don’t want to do this than you have another option which is called cloud bitcoin mining. In this method you invest money in any website which offer cloud mining and they will do the job for you. You sit and relax while they earn money for you on daily, Monthly and yearly basis.How To Earn BitCoins
You can also earn BitCoins by joining ad surfing websites like Btcclicks.com and Coinbulb.com In this way you will not get huge amount of coins but still it better than nothing. basically these website surf ads and they pay you bitcoins in the form of Satoshi(smallest unit of btc currency), you can earn more amount of Satoshis by inviting your friends through referral programBuy BitCoins
The best website to buy and sell BitCoins any where in the world is Localbitcoins which is very reliable and trustworthy. For this you need to signup for an account which is free to open and operate. Verify your account email and go to the main page where you need to fill in the amount you want to send and area where you are located. After clicking on the search button it will show you the results for buying bitcoins online.
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