What is bitcoins?How to earn bitcoins

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What is bitcoins?How to earn bitcoins

This article will explain you What is bitcoins?How to earn bitcoins .

What is Bitcoins ?

A Bitcoins is a digital currency .A currency that cannot be feel or touched. Bitcoins sound like a coin but it is not any coin or paper. It is a virtual currency. Basically it is a currency of internet. Also it is not tied to any bank or government. It is an open source. There is no centralized authority for Bitcoins. A Bitcoins trade is simple one to one there is no authority in between as there is no control of government and bank.

What is bitcoins?How to earn bitcoins

When and who developed the Bitcoins ?

It was developed by Satoshi Nakamoto. Till today it is a mystery that who is satoshi nakamoto. Bitcoins came to existence in year 2009. There is a strange fact about bitcoins that only 21million bitcoins can came into existence.

How does bitcoins work ?

For a user point a view it is just a simple mobile app or computer application that provides a personal mobile wallet. The transaction done by using a bitcoins is anonymous .Means both sender and receiver identity are not disclosed.

Price of bitcoins ?

At present 1 bitcoin is equal to 183418 indian rupee. The value of the bitcoins is not fixed it changes constantly. As there is no control authority on bitcoins so the value of the bitcoin is fully depend on Demand any Supply i.e. more the demand and supply of bitcoins larger will be the price of bitcoin.

Price of bitcoin with respect to us dollar.

What is bitcoins?How to earn bitcoins

How to earn bitcoins ?

There are three methods by which one can earn bitcoins.

What is bitcoins?How to earn bitcoins

  1. Purchase bitcoins at Buybitcoinworldwide.
  2. Remember one thing while buying your bitcoins keep your information safe.

  3. Exchange bitcoins at Localbitcoins.
  4. People from different country can exchange their local currency into bitcoins.

  5. Earn bitcoins through mining at Bitcoinmining.
  6. In simple words mining means solve the issues that occurs during the transaction. It is difficult task.Bitcoins miners helps to keep the network safe

How bitcoin payment takes place?

Like other wallet it make use of debit or credit card.A receiver receives money without knowning senders informations. Sender send the money using a unique address or by scanning a QR code.


Advantages of bitcoins ?

  • Freedom
  • It is possible to send money anywhere in the world any time.

  • Free of cost
  • It costs nothing for sending and receiving the money.

  • Confidentiality
  • Both sender and receiver information are kept secret while transaction.


Disadvantages of bitcoins ?

  • Usage
  • Many people are still unaware about bitcoins.So the usage is very less.

  • Change in value
  • The value of the bitcoin is not fixed it constantly changes with demand and supply.

  • Limit in currency
  • Ony 21million bitcoins can came into existence it is a major disadvantages of bitcoins


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What is bitcoins?How to earn bitcoins
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What is bitcoins?How to earn bitcoins
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A Bitcoins is a digital currency .A currency that cannot be feel or touched. Bitcoins sound like a coin but it is not any coin or paper. It is a virtual currency. Basically it is a currency of internet.
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