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How To Use Bitcoin

5 Easy Steps To Get Bitcoins And Learning How To Use Them

5 Easy Steps To Get Bitcoins And Learning How To Use Them

Many people ask, 'How do I get bitcoins?' The quick and dirty is covered in our comprehensive guide: 40+ Best Ways To Buy Bitcoins The easiest and fastest way to buy bitcoins instantly with a credit card or debit card is via Indacoin where you can acquire $50 or less of bitcoin fast and usually within 10 minutes. However, you may be new to the entire cryptocurrency concept and for that we recommend you learn a few things. Bitcoin is extremely empowering but also different than the currency you know and use every day. Before you start using Bitcoin, which is still experimental but has been operational without any interruptions for over eight years, there are a few things that you need to know in order to use it securely and avoid common pitfalls. First, Bitcoins are impossible to counterfeit or inflate. Second, you can use them to send or receive any amount of money, with anyone, anywhere in the world, at very low cost. Bitcoin payments are impossible to block, and bitcoin wallets cant be frozen. Third, with Bitcoin you can directly control the money yourself without going through a third party like a bank or Paypal. Fourth, Bitcoin transactions cannot be reversed or refunded. You should only deal with businesses or people you trust. FifthTo be valid, a Bitcoin transactions must be confirmed at least once but preferrably 6+ times before it has happened and becomes irreversible. Sixth, Bitcoin is not anonymous but there is tumbling . All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address. Seventh, you can get bitcoins by accepting them as a payment for goods and services or by buying them from a friend or someone near you. You can also buy them directly from an exchange w Continue reading >>

How To Use Bitcoins

How To Use Bitcoins

Sending bitcoins is as easy as copying and pasting someone elses address, choosing an amount, and clicking send. This may seem backwards to people used to supplying credit card information to purchase things online, but this method allows the sender to be in complete control of the payment process. Transactions are also irreversible. Essentially, sending a bitcoin is a lot like sending an email. You put in someone elses address and theres no going back after you hit send. Feel free to practice sending bitcoins by donating to our bitcoin guide. Our donation address is that green string of letters and numbers in the sidebar. Dont worry if it takes a few minutes for the recipient to see the payment that you have made. Depending on the network and on the wallet applications the two parties are using, it can take up to ten minutes for the first confirmation of the transaction. Some services require six confirmations (which can take about an hour) before they recognize the transaction. To receive bitcoins, choose a receiving address from your wallet, provide it to the other party and wait for them to send payment. As mentioned above, it can take around ten minutes for the transaction to be confirmed by the Bitcoin network, and it is standard to consider transactions that have been confirmed six times to be fully confirmed. Continue reading >>

How To Use Bitcoin? A Quick Start Guide

How To Use Bitcoin? A Quick Start Guide

Share Tweet Google+ Pinterest LinkedIn Tumblr Email + Many people who just hear about Bitcoin ask well how do you actually use it?. Thats a tough question to answer, since Bitcoin is just like normal money. So imagine if I were to ask you How do I use dollars? However, since a lot of the people who come to this site are new to Bitcoin I decided to write a quick start guide on how to use Bitcoin, so here goes. Before you can use Bitcoin you need to get a Bitcoin wallet The first thing youre going to need to do in order to use Bitcoin is to get a Bitcoin wallet. There are a lotBitcoin wallets you can choose from , but if youre just starting out I would suggest using one of the more user friendly wallets (i.e. Coinbase or Blockchain.info ). Just like you need some sort of software to send and receive emails (e.g. Gmail, Outlook), you need a Bitcoin wallet to be able to use Bitcoin. A Bitcoin wallet is a piece of software that allows you to send and receive Bitcoins. One of the things the Bitcoin wallet will provide you with is your Bitcoin address. A Bitcoin address is whatyou give to people who want to send you Bitcoins (just like youd give an email address to someone who wants to send you an email). However, Bitcoin addresses are a bit more complicated than email address they look like random numbers and letters and start with 1 or 3. Heres an example of such an address:1GrwYYTDJic27cstVCjzS8Muvutw6JUYqB Once you have your Bitcoin wallet and your Bitcoin address all you are missing are some Bitcoins. There are many ways you can buy Bitcoin today. Depending on the payment method youd like to use and the Bitcoin exchange you choose the cost will vary. Remember that you can also buy less than one Bitcoin if buying a full Bitcoin is too expensive for you. If you use reversi Continue reading >>

What Is Bitcoin And What Can I Do With It?

What Is Bitcoin And What Can I Do With It?

What Is Bitcoin and What Can I Do With It? Everywhere I go, I see Bitcoin popping up more and more. Many web services accept payments in the form of Bitcoin, and some even sell their homes for the stuff . I know it's a digital currency, but where does it come from and how is its value determined? More importantly, should I bother earning it and using it for any reason? As you've noted, Bitcoin is a digital currency used to pay for a variety of goods and services. In many ways, it works the same as paper money with some key differences. Although physical forms of Bitcoin exist , the currency's primary form is data so you trade it online, peer to peer, using wallet software or an online service . You can obtain Bitcoin's either by trading other money, goods, or services with people who have them or through mining. The mining process involves running software that performs complex mathematical equations for which you're rewarded a very small portion of a Bitcoin. When you actually have some of the currency, you can then use it to purchase anything that accepts it. In some cases, Bitcoin is the only accepted form of payment and you'll have to acquire it in order to complete a transaction. While this basic explanation might answer most of your initial questions, it likely brings up quite a few more. Let's discuss how you can acquire Bitcoin and why you'd use it. Getting your hands on even a single Bitcoin can take a bit of work, but you have a few options. Purchasing Bitcoin takes less effort than mining it, but obviously comes at the cost of your hard-earned cash. Mining, on the other hand, takes computer processing power and often bears very little fruit. First, let's talk about how you can buy a Bitcoin and then look at the mining process. As previously mentioned, storin Continue reading >>

Getting Started - Bitcoin

Getting Started - Bitcoin

Using Bitcoin to pay and get paid is easy and accessible to everyone. Bitcoin is different than what you know and use every day. Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls. You can bring a Bitcoin wallet in your everyday life with your mobile or you can have a wallet only for online payments on your computer. In any case, choosing your wallet can be done in a minute. You can get Bitcoin by accepting it as a payment for goods and services. There are also several ways you can buy Bitcoin. There is a growing number of services and merchants accepting Bitcoin all over the world. You can use Bitcoin to pay them and rate your experience to help honest businesses to gain more visibility. Bitcoin does not require merchants to change their habits. However, Bitcoin is different than what you know and use every day. Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls. You can process payments and invoices by yourself or you can use merchant services and deposit money in your local currency or bitcoins. Most point of sales businesses use a tablet or a mobile phone to let customers pay with their mobile phones. Merchants often deposit and display prices in their local currency. In other cases, Bitcoin works similarly to a foreign currency. To get appropriate guidance regarding tax compliance for your own jurisdiction, you should contact a qualified accountant. There is a growing number of users searching for ways to spend their bitcoins. You can submit your business in online directories to help them easily find you. You can also display the Bitcoin logo on your website or your brick and mortar business. Continue reading >>

How To Use Bitcoin To Shop At Amazon, Home Depot, Cvs And More

How To Use Bitcoin To Shop At Amazon, Home Depot, Cvs And More

How To Use Bitcoin To Shop At Amazon, Home Depot, CVS And More Two of the countrys biggest names in e-commerce, Overstock.com and TigerDirect.com, earned themselves some press (and perhaps goodwill from the tech crowd) with their recent decisions to start accepting Bitcoin as payment. Now, though, users of the controversial peer-to-peer digital system can spend their cryptocurrency in brick and mortar stores including Home Depot, CVS, Kmart and Sears as well as online at web retail granddaddy Amazon.com. eGifter.com allows shoppers to pay for any of their 150+ digital gift cards in Bitcoin straight from the checkout line at national retail chains using their mobile app for iOS or Android. eGifter uses Bitcoin wallet Coinbase to process transactions, ensuring theyre secure. Ive seen purchases come in for exact amounts like $124.68, so I know folks are paying using Bitcoin physically in-store, said eGifter CEO Tyler Roye. Thats the advantage, and a real opportunity with digital gift cards: you dont have to buy more than you need, down to the penny. Roye sees accepting alternative payment methods like Bitcoin as a no-brainer given the crowd of early adopters buying and trading it. Until chains like the Gap, GameStop and JC Penney start accepting the cryptocurrency through their own point of sales systems, eGifter.com acts as a workaround. Bitcoin users dont have as many places to spend as they might like, and many of them have made quite a bit of money in the past year , he said, adding that the demographic likely to embrace peer-to-peer payment systems probably has a fair amount of disposable income to begin with. These big retailers will have to accept Bitcoin over time, but its going to be a process years in the making, he said. Therein lies the opportunity for folks l Continue reading >>

How To Get Started With Bitcoin

How To Get Started With Bitcoin

This is awesome, but you dont need to mine for Bitcoin to get some. Bitcoin has never been this popular. Sure, theres still plenty of controversy surrounding the cryptocurrency , but that hasnt stopped thousands of businesses all over the world from accepting Bitcoin at checkout including Newegg . It also hasnt stopped millions of people in emerging markets from using it to replace their national currency . At the time of this writing, 1 Bitcoin is valued at $222.93 USD. While this price is drastically lower than the $1,000+ USD it was trading at about one year ago, the possibility of its value rising again is real. And because its so cheap, its also a perfect time to buy it. As much as I would love having a Bitcoin mining system digging for gold all day long, theres a much easier way to get your hands on some coin before its too late. But before we get started, there are some things you need to know: Bitcoin wallets need to be secure just like your real wallet Some governments impose taxes and have special regulations on Bitcoin Its important to educate yourself about Bitcoin before you start using it. Otherwise you may be in for some surprises. But once you have a clear understanding of the risk involved, youll feel a lot safer when you start using Bitcoin. Heres the fastest way to get started with Bitcoin: A Bitcoin wallet allows you to start buying Bitcoin right away. But before you open an account with the first website you find in a search result, there are some things you should know before embarking into the world of cryptocurrency. There are many different types of wallets available for mobile, desktop, hardware, and the web. These wallets offer different features so its crucial you research your options to find the one thats best for you. But once your mind i Continue reading >>

The Logistics Of Using Bitcoin

The Logistics Of Using Bitcoin

Bitcoins are a form of electronic money, but they arent something you can stick in your pocket. So, how do you use them? The first thing you're going to need is a bitcoin address. Sadly, these are the unfriendliest things youve ever seen. Theyre long strings of alphanumeric characters, generated entirely at random. What will stop thieves stealing any bitcoins sent to my bitcoin address? There's where the private key comes in. Each bitcoin address has a private digital key to access it. It needs this to restrict access just to the owner so that no one else can start sending bitcoins from that bitcoin address. You must keep this private key to yourself, otherwise, your bitcoins will probably be stolen. That private key is yet another long string of gibberish. All this gibberish is hard to remember! Its not the kind of thing youd really want to keep in your head. Luckily, bitcoin wallets are designed to keep track of all your addresses, so that you dont have to write them down in a list somewhere. Youd need a bitcoin wallet anyway, because when you send someone bitcoins, you must tell the rest of the bitcoin network about it for it to happen. That requires a software program. The only way that the bitcoin network knows that your address has some unspent bitcoins is because everyone on the bitcoin network agrees that you do. The status of the entire bitcoin network is held in a giant ledger, called the blockchain . The blockchain is a large file that everyone on the network shares. It contains a record of which bitcoins were sent where, and when, going all the way back to the very first bitcoin transaction. Your bitcoin wallet tells the network to update that ledger, showing that bitcoins have been sent from one of your addresses to another address. All the other bitcoin s Continue reading >>

Bitcoin: What Is It, Where Can You Use It And Is It Worth Investing?

Bitcoin: What Is It, Where Can You Use It And Is It Worth Investing?

Bitcoin: What is it, where can you use it and is it worth investing? Some have speculated as to whether the cryptocurrency could rise to $1m per coin There seem to be hundreds of new articles every week speculating on how high bitcoin could go now Tories snatch key target Barnet Council from under Labour's nose Bitcoin had an incredible 2017 after increasing in value more 20 times from below $1,000 dollars to a peak of just under $20,000. Such phenomenal returns have caused many to ask how they can get in on the action while others to suggest its a dangerous bubble waiting to burst . So what exactly is bitcoin and why is it attracting so much attention? Bitcoin - live updates: Bubble fears increase as value soars Bitcoin is a digital currency created in 2009 by a mysterious figure using the alias Satoshi Nakamoto. It can be used to buy or sell items from people and companies that accept bitcoin as payment, but it differs in several key ways from traditional currencies. Most obviously, bitcoin doesnt exist as a physical currency. There are no actual coins or notes. It exists only online. Real-world currencies, like the dollar, are managed by a central bank such as the US Federal Reserve or the Bank of England, which manage the money supply to keep prices steady. They can print more money or withdraw some from circulation if they think its needed, as well as using other monetary policy controls such as adjusting interest rates. Bitcoin has no central bank and isnt linked to or regulated by any state. The supply of the cryptocurrency is decentralised it can only be increased by a process known as mining. For each bitcoin transaction, a computer owned by a bitcoin miner must solve a difficult mathematical problem. The miner then receives a fraction of a bitcoin as a reward Continue reading >>

Here's How You Canand Can'tspend Bitcoin

Here's How You Canand Can'tspend Bitcoin

Here's how you canand can'tspend bitcoin Amazon's European headquarters, in the Clausen Valley in Luxembourg. It's been a tumultuous week for bitcoin. After dropping 20 percent in value last week, the digital currency topped $12,000 on Tuesday, reached $15,000 by early on Wednesday and, on Thursday, rocketed above $19,000 before falling and settling around $16,000 in the early afternoon. Financial experts seem to agree : It's volatile. CNBC's Jim Cramer and self-made millionaire Tony Robbins both compared investing in it to gambling in Vegas. Billionaire Mark Cuban said buying the currency would be like "throwing a Hail Mary." But if you decide to take that risk and put some money into it, where can you even spend bitcoin? Over 100,000 merchants worldwide accept bitcoin. Notable ones include Microsoft and Expedia , as well as the online electronics retailer Newegg . Considering that bitcoin is a digital currency, it's more rare for actual stores to accept it as a payment method. But, as CoinDesk points out, some business are beginning to, such as REEDS Jewelers , which has over 60 retail locations in eastern U.S. Speaking of Vegas, the Golden Gates Hotel & Casino there accepts bitcoin payments at their hotels and restaurants but not yet for bets on the casino floor. Many major retailers such as Walmart and Amazon have yet to sign off on bitcoin as an accepted method of payment, but the mobile gift card app Gyft offers one way around that. You can use bitcoin to buy a gift card and then shop at those retailers or another one of the 200-some that they work with, including giants like Nike, Target and Starbucks. Alternatively, you can also use a service like Shakepay to convert cryptocurrencies into USD or Euros for a fee. Last year, Mason Borda, the CEO of a cryptocurren Continue reading >>

Coinbase | Where Can I Spend Bitcoin?

Coinbase | Where Can I Spend Bitcoin?

In the beginning, there was pizza . Nowadays, you can spend your bitcoin on much more than pizza, in a wide variety of places, both online and offline. And while there are more comprehensive lists available, we hope this will highlight the diversity of options available. Perhaps the easiest, most rewarding way to spend your bitcoins is by paying it forward. Use bitcoin to tip article and blog post authors with the click of a button , or donate to any number of worthy causes including the Wikimedia Foundation .You can also buy Reddit Gold with bitcoin, and give it out as gratitude for the user who posts your favorite cat pictures! Send or receive tips with Changetip or set up charitable donations . You can alsouse our personal Payment Pages to start accepting bitcoin right now! With over a million products for sale, all available in bitcoin, Overstock.com has you covered. While we wait for stores like Amazon and BestBuy to accept bitcoin directly, some enterprising folks have found a workaround. Use bitcoin to purchase gift cards from services like eGifter , or Gyft and then redeem them at Amazon, BestBuy, and hundreds of other popular retailers. Companies like Microsoft , and Green Man Gaming have recently started offering games and other apps for bitcoin. Others like this Minecraft server are actually using the bitcoin network to power their in-game currency! Download our mobile app for IOS or Android and take your bitcoins with you to any of these Bitcoin Restuarants . Or try a Coffee Shop, including this one in Prague that only accepts bitcoin ! You can pay for a hotel with Expedia , book a flight with CheapAir , or take a cruise with Ships & Trips Travel . Car dealerships are also getting into the swing of things, and while paying for fuel directly with bitcoin has Continue reading >>

What Is Bitcoin? A Step-by-step Guide For Beginners

What Is Bitcoin? A Step-by-step Guide For Beginners

What is Bitcoin? A Step-By-Step Guide For Beginners Angel Investors, Startups & Blockchain developers... If you want to know what is Bitcoin, how you can get it and how it can help you, without floundering into technical details, this guide is for you. It will explain how the system works, how you can use it for your profit, which scams to avoid. It will also direct you to resources that will help you store and use your first pieces of digital currency. Small wonder that Bitcoin emerged in 2008 just after Occupy Wall Street accused big banks of misusing borrowers’ money, duping clients, rigging the system, and charging boggling fees. Bitcoin pioneers wanted to put the seller in charge, eliminate the middleman, cancel interest fees, and make transactions transparent, to hack corruption and cut fees. They created a decentralized system, where you could control your funds and know what was going on. Bitcoin has come far in a relatively short time. All over the world, companies, from REEDS Jewelers, a large jewelry chain in the US, to a private hospital in Warsaw, Poland, accept its currency. Billion dollar businesses such as Dell, Expedia, PayPal, and Microsoft do, too. Websites promote it, publications such as Bitcoin Magazine publish its news, forums discuss cryptocurrency and trade its coins. It has its application programming interface (API), price index, and exchange rate. Problems include thieves hacking accounts, high volatility, and transaction delays. On the other hand, people in third world countries may find Bitcoin their most reliable channel yet for giving or receiving money. At its simplest, Bitcoin is either virtual currency or reference to the technology. You can make transactions by check, wiring, or cash. You can also use Bitcoin (or BTC), where you re Continue reading >>

How Can I Buy Bitcoins? - Coindesk

How Can I Buy Bitcoins? - Coindesk

OK, so you've learned the basics about bitcoin, the next step is to get some bitcoins. But how? This guide will tell you what you need to know. You can buy bitcoins from either exchanges, or directly from other people via marketplaces. You can pay for them in a variety of ways, ranging from hard cashtocredit and debit cards to wire transfers, or even with other cryptocurrencies, depending on who you are buying them from and where you live. Surprisingly, it's still not easyto buy bitcoins with your credit card or PayPal, depending on your jurisdiction. This is because such transactions can easily be reversed with a phone call to the card company (ie 'chargebacks'). Since it's hard to prove any goods changed hands in a transfer of bitcoins, exchanges avoid this payment method and so do most private sellers. However, the options have recently grown for consumers in some countries. In the US, Coinbase , and Circle offer purchases with credit cards. Bittylicious , CoinCorner and Coinbase offer this service in the UK, accepting 3D Secure-enabled credit and debit cards on the Visa and MasterCard networks. Underbanked consumers in the US can turn to expresscoin , which recently launched to serve this market, acceptingmoney orders, personal checks and wire transfers. Next, you will need aplaceto store your new bitcoins. In the bitcoin world, they're called a 'wallet' but it might be best to think of them as a kind of bank account. Depending on the security levels you want, different wallets will provide different levels of security. Some act like everyday spending accounts and are comparable to a traditional leather wallet, while others tout military-grade protections. The main options are: (1) a software wallet stored on the hard drive of your computer ,(2) an online, web-base Continue reading >>

How To Use Bitcoin

How To Use Bitcoin

Shopping with Bitcoin is a lot easier that you'd think.Martin Dimitrov / E+ Bitcoin is a cryptocurrency (or cryptocoin) that has grown beyond its niche internet origins and has since become a legitimate method of sending and receiving funds. Bitcoin can be used when shopping both online and in traditional physical retail stores and has even been known to be used for making major purchases such as cars and real estate. Here's everything you need to know about getting some Bitcoin and using it next time you go shopping. All Bitcoin funds and transactions are recorded and stored on a sort of network called a blockchain . There is only one Bitcoin blockchain and each transaction on it has to be confirmed and checked by special Bitcoin users, called Bitcoin miners , several times before its processed and locked in. This blockchain technology is one of the reasons Bitcoin has a reputation for being so secure. It's very difficult to hack. Bitcoin users maintain ownership of their own Bitcoin on the blockchain via a digital wallet. Setting up a wallet is completely free to do via an online web service or Bitcoin wallet app and anyone is allowed to create as many wallets on the Bitcoin blockchain as they want. Each Bitcoin wallet has a unique ID which is represented by either a string of numbers or a QR code. Funds can be sent between Bitcoin wallets in much the same way an email is sent but instead of an email address, the Bitcoin wallet ID is used. Bitcoin can be earned by mining (i.e. using your computer to confirm transactions on the blockchain) however most people now simply choose to purchase Bitcoin with a credit card or bank transfer via an online exchange such as Coinbase or CoinJar. Bitcoin can now also be purchased from within Square's Cash App on Android and iOS sma Continue reading >>

What Can You Buy With Bitcoins?

What Can You Buy With Bitcoins?

One of the dreams of the cryptocurrency community is to be able to travelacross borders, perhapsand to be able to pay in bitcoin. This would avoid having to visit currency exchanges and pay their commissions and fees, while also avoiding the need to carry much cash around. Now the dream is starting to take off, with notable names starting to welcome bitcoin onboard. Most notably, Expedia has announced it will nowaccepts bitcoin for all hotel bookings, making itthe first major travel company to accept payments in cryptocurrency. Expedia said bitcoin will be integrated into the payment options for customers at check-out, sitting alongside payment methods like PayPal and Visa. If all goes well, the company says it may expand the payments option to other areas of its business, including flights. A Holiday Inn hotel in Brooklyn, New York, is nowaccepting bitcoin payments in a pilot programme overseen byby bitcoin entrepreneur Charlie Shrem.The Park Slope Holiday Inn Expressis located on Union Street in Brooklynand bitcoin reservations arepossible either by phone, online or in person. Again, if the pilot goes well, the chain should open up more hotels to bitcoin paying customers. Spanish chain One Shot Hotels has been accepting bitcoin paymentssince 1stOctober 2014 for its twolocationsin Madrid (one with its own bitcoin ATM). New branches in Barcelona, Valencia, SevilleandLondon areplanned for the future and will accept bitcoin too. Offering international investors the chance to buy UK properties with an extensive range of digital currencies, including bitcoin, Cai-Capital claims to be the first UK firm providing this facility. Targeting markets such as China, Russia and the Middle East, the Cheltenham-based company, which works in partnership with estate agent Hill-Mathieso Continue reading >>

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