Dec 25, 2017

How can I earn a BITCOIN?

Bitcoin is a cryptocurrency and worldwide payment system. 

It is the first decentralized digital currency in the World, as the system works without a Central Bank or Single Administrator. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. Still there has been no change in Theory about Bitcoins Invention.

What is Bitcoin all about?
Bitcoin is a new cryptocurrency that was created in 2009 by an unknown person using or group of people called Satoshi Nakamoto. Transactions are made with no middle men - meaning, no Banks are involved in Transactions. There are no transaction fees and can also keep your name private as well.

How does the Bitcoin works?
A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain network. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet otherwise the transaction will never processed further. 

How safe is the Bitcoin?
Bitcoin has no such safety net. If your Bitcoins are lost or stolen, there's no intermediary with the power to make you whole. You can participate in the Bitcoin network yourself, storing the keys to your Bitcoins in a wallet stored on your hard drive. Still most of the Countries have not recognized it.

How do you get a Bitcoin for free?
Grab one from Coin base.
1. It's fast. Earn bitcoin for every task that you complete, and get paid automatically within hours.
2. It's free. All you need to start earning is a Bitcoin address for receiving payments.
3. It's fun, there's always new and interesting content added.
How do you get a Bitcoin?
First, get yourself a bitcoin wallet. Next, you will need a place to 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 and all free of cost.

How do I buy Bitcoins for Cash?
A quick step-by-step guide on how to buy bitcoins with cash on Local Bitcoins.
1. Find a seller in your area who accepts cash.
2. Select amount of coins and place an order.
3. Receive account number from the seller.
4. Deposit cash into the seller's account.
5. Upload your receipt to prove you made the deposit / trade.
7. Receive bitcoins.
How do you earn Bitcoins?
If you want to buy bitcoins go this way.
1. Earn Bitcoins by accepting them as a means of payment.
2. Earn free Bitcoins by completing tasks on websites.
3. Earn Bitcoins from interest payments %.
4. Earn Bitcoins from mining.
5. Earn Bitcoins by getting tipped.
6. Earn Bitcoins through trading.
7. Earn Bitcoins as a regular income.

How do you convert Bitcoins to Cash?
Use these 3 Simple methods
1. Make an Account. You will need to provide a postal address, and verify a Credit or Debit Card, PayPal Account, or Bank Account.
2. Sell your Bitcoins. Click on Sell Bitcoins under the Trade section on the left side of the screen.
3. Withdraw your money.

Why do we need Bitcoin?
These organizations demands important and sensitive pieces of information from you. Because Bitcoin is entirely decentralized Ceyptocurrency, you need trust no one when using it. When you send a transaction, it is digitally signed, and secure. An unknown miner will verify it, and then the transaction is completed. There i s no fees on transacting for Bitcoins.

Is it illegal to mine Bitcoins?
The short answer is in most of the cases, Bitcoin mining is perfectly legal. In a few Countries, however, Bitcoin mining, as well as the possession and use of Bitcoin is illegal. In many cases, Bitcoin is not treated as a currency by governments, but instead as an asset or property. At present its still under discussion and final decisions is awaited.

How do you sell Bitcoins for Cash?
It  s very easy to sell Bitcoin for Cash
1. Create an Account.
2. Go to deposit page, choose bitcoins and send them to the address displayed on the page.
3. Once your bitcoins arrive, go to buy/sell page and click sell bitcoins.

How do I buy Bitcoins anonymously? 
Easiest way to stay anonymous, Buy Bitcoins for Cash.
1. The Local Bitcoins option. If you're looking to buy Bitcoins anonymously then the easiest way would be to buy Bitcoins in cash and in person.
2.  The Bitcoin ATM option.
3.  The prepaid card option.6
4.   The Bit Quick option.
5.   The wall of coins option.
Is a Bitcoin traceable?
Because every transaction uses the bitcoins from a prior transaction, and the block chain is public data, every Bitcoin payment has a traceable history that can be vewed by anyone and anywhere. Bitcoin addresses are not themselves linked to a person or entity. That's why Bitcoin is often called pseudonymous or pseudo-anonymous.

How long does it take to make a Bitcoin?
At present, if you mine in a pool, you will probably mine about 0.00001406 BTC per week. That means, if difficulty doesn't increase at all, it will take approx. 71130 weeks ( approx. 1368 years) to mine 1 BTC. Of course difficulty will almost certainly increase during that time.

As far as India is concerned, India has typically adopted a "wait-and-see" stance on cryptocurrencies, discussing their role in the world's economy but not taking concrete steps to regulate or prohibit.

In April 2017, the Government OF India has formed a Committee to study cryptocurrencies.

These were some of the points with regards to BITCOINS; hope we have covered most of the queries which are running in our Minds in present days .

Stay Alert, Stay Safe....

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