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Showing posts with label bitcoin. Show all posts
Showing posts with label bitcoin. Show all posts

Tuesday 10 December 2019

Beginner's guide to bitcoin- Everything you need to know about btc currency.

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The world is changing and getting advance daily. Introduction of technology is a thing of the new age. Tech systems used in 80's and 90's is different as of today cause such past tech has been upgraded to superb high advance technologies.
In our world of today we getting use to cashless bank , information & communication technology , robot, superb automobiles, computers to carry out logical operations automatically .



What's is Bitcoin

Bitcoin is a cryptocurrency , decentralized,
digital electronic currency and peer-to-peer version of electronic cash.
To make you understand this definition I"l break it down.

•cryptocurrency - is an encrypted digital system used in generation of units of currency.


•decentralized - it's an organization in which operations ,decision-making are delegated managed by individuals. You take full responsibility of your system. Meaning there's no central bank or institution that has control over your Bitcoin cryptocurrency .


•peer-to-peer [P2P]- You have 100% control over your electronic currency[ bitcoin] , you decide who to share your btc coins with, There are no banks involve, Free of middle man to manage your funds.



Bitcoin as a currency

Most people still see bitcoin as a ponzi/scam scheme. Cause they're ignorance of bitcoin value.
The world is going cashless or paper less you not mining or investing in bitcoin today you missing.


History of Bitcoin

Bitcoin [btc] is the first cryptocurrency is the world. It was first introduced 3 January, 2009 by an unidentified programmer (s) under the name Satoshi Nakamoto.

The original paper was written in October 2008 as Peer-to-Peer [P2P] Electronic Cash System. After the paper was published, Satoshi created the first software program to begin mining. It was later implemented as open source code and released in January 2009.

That same day Hal Finney a programmer one of the first contributor and supporter to bitcoin downloaded the bitcoin software, and received 10 bitcoins from Nakamoto .
as of today 1 bitcoin is value for $792


Price of bitcoin from 2009
June 2009 1 BTC = 0.0001 USD
June 2010 1 BTC = 0.07 USD
June 2011 1 BTC = 15 USD
June 2012 1 BTC = 7 USD
June 2013 1 BTC = 100 USD
June 2014 1 BTC = 600 USD
June 2015 1 BTC = 220 USD
Dec 14 2016 1 BTC= $777.50USD
Dec 20, 2016 1 BTC = 792USD

The 1st adopters who bought btc back in 2009 are millionaires or even billionaires today. 1 bitcoin cost $0.07USD in 2010 buying 1000 btc was $70. Bitcoin today 1000 btc coins $79,200 USD.
Back in 2010, programmer Laszlo Hanyecz bought 2 large size pizza for 10,000 Bitcoins value today $792,0000 ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚. Wish he had patience to save his bits till today.



Sub unit and symbol of bitcoin

•Bitcoin- BTC
• millibitcoin - mBTC=1 thousandth of a bitcoin=0.001BTC


check out this free mBTC faucet bitcoin sites that pays you each time you perform a task.

•microbitcoin or bit - uBTC=1 millionth of a bitcoin

•A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.
1 Satoshi = 0.00000001 BTC
10 Satoshi = 0.00000010 BTC
100 Satoshi = 0.00000100 BTC = 1 Bit
1,000 Satoshi = 0.00001000 BTC
10,000 Satoshi = 0.00010000 BTC
100,000 Satoshi = 0.00100000 BTC = 1 mBTC (em-bit)
1,000,000 Satoshi = 0.01000000 BTC = 1 cBTC (bitcent)
10,000,000 Satoshi = 0.10000000 BTC
100,000,000 Satoshi = 1.00000000 BTC


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

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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

Don't forget subscriber to our blog post.




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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Tuesday 17 July 2018

Bitcoin countries banned: it's an offense to trade or hold bitcoin in this countries - Be warned [2019 updated]

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Bitcoin as we all know is the world's first global digital currency or cryptocurrency. Bitcoin is not issued by Central bank like paperless money.

It's an electronic paperless money that can only be disturbed through Bitcoin mining pool which are transferred straight to your coin wallet.
Recommended for you 3 Best online secure bitcoin wallet

Unfortunately, Bitcoin is illegal some countries. You might have this question in mind

are bitcoins anonymous?

NO! All Bitcoin pseudonymous and all transactions are public, traceable, and permanently stored in the Bitcoin network.



Algeria, Bolivia, Ecuador, Bangladesh, Nepal, Cambodia, Egypt, Morroco, Columbia, Saudi Arabia, Iran, Pakistan, China, Taiwan, Indonesia,


1: ALGERIA



As of 2017 bitcoin was legal in Algeria, until the Algeria government passed 2018 Finance Bill banning all bitcoin trading and holding in the country. Algeria hopes to establish a strict control over this kind of digital transactions.

The ban was place to reduce drug trafficking, tax evasion, and money laundering in the country. Virtual currency is that used by internet users via the web. It is characterized by the absence of physical support such as coins, notes, payments by cheque or credit card. Any breach of this provision is punishable in accordance with the laws and regulations in force

2: BOLIVIA



[El Banco Central de Bolivia] the Central Bank of Bolivia has issued a ban on bitcoin and any other currency not regulated by a country or its economic zone in 2014. Including namecoin, peercoin, Quark, litecoin, primecoin , Ethereum. Any breach of this provision is punishable in accordance with the laws and regulations in force.

3: ECUADOR



In 2014 the National Assembly of Ecuador banned bitcoins including other decentralized digital crypto currencies/altcoin, due to the country establishment of a new electronic money system. The new project would be controlled by the government and tied directly to the local currency.

With Ecuador electronic money system users will be able to pay for select services and send money between individuals. The E-currency is called Dinero Electronico


4:BANGLADESH



In September 2014, central bank of Bangladesh placed a ban on Bitcoin and also pass a circular saying that

"anybody caught using the virtual currency could be jailed under the country's strict anti-money laundering laws" prosecuted in jai up to twelve years in jail.
Reasons bangladesh place a ban on bt coin

• To maintain control over financial and banking system of the country.
• To improve the country economic


5:NEPAL



13 August 2017 Nepal Rastra Bank declared bitcoin as illegal for reasons we don't know. But We suspect this could be any of the reasons.

• Laws of Nepal

According to a statement released by the Central Bank of Nepal. The foreign exchange act of 2019 BS and then NRB act of 2058 BS. Basically, it says that you can’t have bitcoin transaction in Nepal or use bitcoin to exchange foreign or Nepali currency, because bitcoin is not classified as a currency by Nepal Government, and hence using internet for bitcoin transactions or exchange is illegal.

•Use in illegal activities

Reports of bitcoin being used for money laundering or exchanging of black money with Bitcoin is another reason why Bitcoin is banner


6: CAMBODIA



On 19 June 2018, the National Bank of Cambodia (NBC), the Securities and Exchange Commission of Cambodia and the General-Commissariat of National Police stated that "the propagation, circulation, buying, selling, trading and settlement of cryptocurrencies without obtaining license from competent authorities are illegal activities" and "shall be penalized in accordance with applicable laws

7: EGYPT

The primary Islamic legislator in Egypt, has issued a religious decree classifying commercial transactions in bitcoin as haram (prohibited under Islamic law

8: ALGERIA

According to the "Journal Officiel" (28 December 2017): Art. 117. — The purchase, sale, use, and holding of so-called virtual currency is prohibited. Virtual currency is that used by internet users via the web. It is characterized by the absence of physical support such as coins, notes, payments by cheque or credit card. Any breach of this provision is punishable in accordance with the laws and regulations in force.


9: MOROCCO

On 20 November 2017 the exchange office issued a public statement in which it declared, "The Office des Changes wishes to inform the general public that the transactions via virtual currencies constitute an infringement of the exchange regulations, liable to penalties and fines provided for by [existing laws] in force.

The following day, the monetary authorities also reacted in a statement issued jointly by the Ministry of Economy and Finance, : Al-Maghrib and the Moroccan Capital Market Authority (AMMC), warning against risks associated with bitcoin, which may be used "for illicit or criminal purposes, including money laundering and terrorist financing


10: COLUMBIA

Implicit ban. The Superintendencia Financiera warned financial institutions in 2014 that they may not "protect, invest, broker, or manage virtual money operations

11: SAUDI ARABIA

Implicit ban.[15] The Saudi Arabian Monetary Authority (SAMA) has warned from using bitcoin as it is high risk and its dealers will not be guaranteed any protection or rights.

12: IRAN

In April 2018, Central Bank of the Islamic Republic of Iran issued a statement banning the country’s banks and financial institutions from dealing with cryptocurrencies, citing money laundering and terrorism financing risks.

13: PAKISTAN

As of 7 April 2018, State Bank of Pakistan [SBP] has announced that bitcoin and other virtual currencies/tokens/ coins are banned in Pakistan.

14: CHINA

On 5 December 2013, People's Bank of China (PBOC) made its first step in regulating bitcoin by prohibiting financial institutions from handling bitcoin transactions.
On 1 April 2014 PBOC ordered commercial banks and payment companies to close bitcoin trading accounts in two weeks.

Cryptocurrency exchanges or trading platforms were effectively banned by regulation in September 2017 with 173 platforms closed down by July 2018.

In early 2018 the People's Bank of China announced the State Administration of Foreign Exchange led by Pan Gongsheng would crack down on bitcoin mining. Many Bitcoin mines in China had stopped operating by January 2018.



15: TAIWAN

On 31 December 2013, Financial Supervisory Commission (Republic of China) (FSC) and CBC issued a joint statement which warns against the use of bitcoins. It is stated that bitcoins remains highly volatile, highly speculative, and is not entitled to legal claims or guarantee of conversion.

On 5 January 2014, FSC chairman Tseng Ming-chung stated that FSC will not allow the installation of bitcoin ATM in Taiwan because bitcoin is not a currency and it should not be accepted by individuals and banks as payment.

16: INDONESIA

On 7 December 2017, Bank Indonesia, the country's central bank, issued a regulation banning the use of cryptocurrencies including bitcoin as payment tools starting 1 January 2018.



Culled from Wikipedia

Search tag: TUTORIAL,Cryptocurrencies, Government, indonesia, Bitcoin Regulation, Banned Bitcoin, Ecuador, Ecuadorian, electronic money, private bank, Cambodia Bitcoin, Nepal
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Friday 22 December 2017

Need bitcoin? Join the best and most trusted Bitcoin lending network -upto $50k worth of bitcoin instantly.

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Image source:
Moneyless


Bitcoin p2p lending industry is growing every year. First Came Bitcoin then Came Bitcoin Lenders. Bitcoin price hovered around $19,000 this week, giving the cryptocurrency a total market value of almost $300 billion.
The one problem with bitcoin market is the price swings violently and price are not stable.
To avoid price crashing or coin lost lenders and investors offers loan with digital coins as collateral to borrower.
An initial agreement is made with borrowers, to pay back with a percentage increase within the period coin is loaned to you.




What is peer-to-peer (P2P) lending?

is a new modern day method of debt financing that allows people to borrow and lend money without a financial institution. There's no middleman is this system it only works between an investors and borrower.


How can you take part and profit from bitcoin loan system?

The first thing you need to do is find the right and best bitcoin peer to peer lending site. You can loan or borrow digital coin quickly.


Bitcoin Lenders/ investor benefits.

1: you gets a better return of investment. Normal rates are between 3% and 10% per month.
2: Service is quicker and easy to implement.
3: Hand approved submissions – To reduce the possibility of scam, all of the loans submissions are checked manually. No bots



Bitcoin borrower benefits.

1: have a taste of crypto trading
2: Open to new business idea
3: Fast and stressful.


Register on a Bitcoin lending platform. Go through their verification process such as

Identity Verification (any government-issued ID)
Income Verification
PayPal Verification
Social Media Verification (Facebook, Twitter, G+)
Personal References
Seller Account Verification (eBay, Amazon)
Step 2- Choose the right type of loan based lending rates decided by the platform or as agreed with the lender directly.


Here a list of our currently top rated Bitcoin lending platforms:


1: BITBOND




Bitbond



is a global peer-to-peer bitcoin lending platform for small business loans. Lending bitcoin start from
lend as little as BTC 0.1. You can even borrow up to $25,000 starting at 1% initial payback monthly.

Interest rates are set according to a borrower's creditworthiness which is determined by the rating (risk based pricing). interest rates can be as low 7.7% to 25%.


Borrower Origination fee

The origination fee gets deducted from the loan amount prior to disbursement.

6 weeks term loan: 1.0% of the funded amount
6 months term loan 1.5% of the funded amount
12 months term loan 2.0% of the funded amount
36 months term loan 2.5% of the funded amount.

Want to know more about


Bitbond




2:BTCPOP



BTCPOP is a Peer to Peer Bitcoin Banking network. You can Lend and Borrow Bitcoins, start Investment Pools, join Initial Public Offerings. You can exchange your altcoin for Bitcoin which you can use for
Deposit/Withdraw using your wallet, Trade
Staking and Using as collateral for Bitcoin loans.

100+ Altcoins in accepted and safety secured in btcpop system .

Want to know more about
BTCPOP Signup here.

Join us and get free bitcoin and more updates follow Usebtcoin on Twitter @Usebtcoin and on Usebtcoin


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Thursday 26 January 2017

2018 Top Bitcoin Casino Faucet Sites To Earn Free Bits Satoshi.

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Am sure you know Bitcoin is the first and most popular cryptocurrency. But not the most expensive digital electronic currency.
Back in Dec 2016 btc reach it's first $1000 milestone before the sudden unpredictable drop. Today 1 bitcoin worth is $915 price might increase tomorrow or clash further below today price.
They lot's of ways you can joining to earn free bitcoin. Am going to show you where you to get free bitcoin by playing casino, dice games or even gambling [ Games that pay bitcoin] All you need do is register play the game and earn free bits. To increase you bits rate you can deposit little amount of bitcoin the choice is your.



This websites give out free Satoshis which are instantly deposited to your player account. To become a core winner learn the features and get used to the system controls.

1: POCKETDICE
PocketDice is one of the most realistic and trusted BTC dice game faucet. They offer free 0.00001 BTC [ 1000 satoshi] You can claim once every 60 minutes on one account and same IP . Btc are claimed whenever your balance gets lower than minimum bet amount . If you make deposits often your 60 minutes timer would be reduced to 10 minutes.

The minimum withdrawal amount is 0.5 mBTC [ that's 0.0005 btc or 50000 satoshi] and it's takes one confirmation of transaction to withdraw your winnings.
Note that a transaction fee of 0.2 mBTC is automatically deducted from your account. For large amounts of withdrawals, a manual confirmation is certain .
To get started with pocket dice SIGN UP HERE

2:PRIMEDICE

PRIMEDICE a bitcoin dice game started in May 2013 and is considered as one of the best dice gambling faucet. With hundreds of bet games played everyday and almost 700 btc won.
PRIMEDICE is one of the most trusted online dice gambling casino different from other bitcoin casino with it's unique features such as Automated Betting which increase your chances of winning and manual Betting, Mobile-Friendly Website, 1 satoshi bet which is OK for a start. Primedice dish out free 0.000002 BTC or 200 satoshis to all new players. Satoshis also increase as the player level advances. Minimum withdrawal is 0.002 btc NOTE:withdrawal transaction fee of 0.0002 BTC is charged on every withdrawal and is automatically deducted from the amount being withdrawn.
To get started with prime dice SIGN UP HERE


3:BITSLER

bitsler is a cryptocurrency faucet where you can claim free bitcoin , litecoin, dogecoin and eth. Just play glambing game and win free coinbitslerwas established in 2015 and it's one of the best dice gambling faucet. With million's of bet games played everyday.
bitsler is more unique that it's bitcoin glambing competitors.
1: it has community and chat feature where you can interact with online members.
2: Friendly user interface
3: flash bet
4: Bitcoin faucet & Jackpots- you can win up to $300+ is lucky.
Bitsler dish out 0.00000300 btc every 2 minutes and you can claim another when minimum balance reach zero.
You can withdraw anytime you feel like just make sure you have enough bitcoin for withdrawal.

Note: withdrawal would attract a fee of 0.0002 BTC or more.
To get started with prime dice SIGN UP HERE



To get freebitcoin and more updates follow TrendsGadget on Twitter @Usebtcoin and on Usebtcoin



Support us by donating to any of this wallets.

Bitcoin address: 13JZkxj9uKcj4gT5wZGB4vwP54BErxcVtx

BitcoinGold:GRMi5pTBXNpNCX7evc2n4HtkxCnKV7EPAV

bitcoin cash: 1NA3f33DMobu3K3CvDgZKUyYS8BNA8otWL

Litecoin: LZ2ncUkFPB1TXSUdLNfD57yCQ7gQh9677s

Ethereum: 0x5575c1b1634f4e73355032a9b0ef8e8877e7dcb0
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Sunday 1 January 2017

3 Best online secure bitcoin wallet- Recommend For You.

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Btcoin is the first cryptocurrency and also the most popular digital peer-to-peer [P2P] currency. Don't know much about bitcoin check this out Beginner's guide to bitcoin


Bitcoin market price seems to be elevating everyday 1 bitcoin value today is worth $1000 USD. Tomorrow it's price might fall or increase . Here's bitcoin live chart.




To get freebitcoin and more updates follow TrendsGadget on Twitter @Usebtcoin and on Usebtcoin
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Friday 23 December 2016

How to setup and create a secure bitcoin Wallet.

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Ever thought of were your coins are kept? Without a Bitcoin wallet, you can’t send or receive Bitcoin payments.





what is a bitcoin wallet? Btc wallet is digital secure vault where virtual currencies are stored . Your digital / virtual wallet reduce the risk of coin theft from hacker's or any individual. Creating a bit coin wallet would grant you access to public and private keys.

Note: DON'T GIVE OUT YOUR PRIVATE KEY TO ANYONE OR YOU RISK, YOUR COIN GETTING YOUR STOLEN.


TYPE OF WALLET

•online or web wallet
•hardware wallet
•paper wallet
•software wallet


ONLINE WALLET:

This wallets are accessible on Web via any internet connected devices.

Available online wallets to use.
Blockchain

Xapo

CoinBase

BitGo

Coin Space


BENEFITS OF ONLINE WALLET

• Your coins are safe and secured online
•Easy use interface
•Your Private keys are generated and then encrypted.


• HARDWARE WALLET: they are small devices which stores a user's private keys in a secure hardware device.

Available hardware wallets to use
Ledger Nano S

Ledger Nano

Trezor

BENEFITS OF HARDWARE WALLET

• They're mostly plug and play device.
• user-friendly and portable
• Your private keys are often stored in a protected area .


PAPER WALLET

paper wallet are printed document that contains necessary files which are used to secure storage of Bitcoin private keys.


BENEFITS OF PAPER WALLET

• USE to store bitcoin offline
• Data and private key are printed in paper
• A paper can be used multiple times

One disadvantage of paper wallet is individuals are upgrading to online and hardware wallet .


SOFTWARE WALLET

Software wallet are system application that are downloaded and installed on your desktop. This wallet requires an operating system like Windows, OSX, and Linux, Android,IOS to work on.

Available software wallet to use

MultiBits

Electrum

Bitcoin Knots

CoPay

Armory

BENEFITS OF SOFTWARE WALLET

• you have full control over your money
•Full validation
•Complete transparency

Must read: bitcoin wallet: 2018 Top 7 Best online Bitcoin Wallets For Secure Bt coin Storage [ Web and online]


To get freebitcoin and more updates follow TrendsGadget on Twitter @Usebtcoin and on Usebtcoin
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