Sunday, February 2, 2014

How To Get Bitcoins

What are Bitcoins?

How to Get Bitcoins
Technically referred to as Bitcoin (no "s"), this is a form of virtual currency that only exists on the Internet. However, you can actually use this form of online money to pay for things in the real world, and you can exchange it for dollars and many other types of global currencies.

Bitcoins have gotten a lot more attention lately because their value has spiked. In fact, virtual millionaires have appeared overnight. While the reputation of this victual currency got sullied a bit because they were associated with illicit sites like the Silk Road, they can also be used for everything from purchases on Overstock.com to some local computer repair places and other businesses.

How to Get Bitcoins?

There are a few different ways to get Bitcoins. Of course, before you get Bitcoins, you need to have a way to store them. You might read this concise article : How to Get Started With Bitcoins. It describes how to set up a Bitcoin wallet, join a mining pool, get paid with Bitcoins, and how to buy Bitcoins on an exchange.

Set Up Your Wallet

So, the first thing you need to do is set up a wallet. This can either be installed on your own device, or you can use an online wallet from a good third-party service. The choice is up to you, and you might read up on the pros and cons of both choices. For newbies, using a web service can be easier, but there are some advantages to using software you install and backup yourself.

Get Some Bitcoins For Your Wallet 

Now, you have an empty wallet with no Bitcoins. You can buy them on one of the popular exchanges. You may also choose to accept this type of virtual currency in exchange for goods and services. Finally, you can mine for these coins yourself. However, it is tough to mine by yourself, so you may want to join a mining pool to get started. This lets you cooperate with other minor, and you have a better chance of actually getting paid a share.

1 comment:

  1. Hello Everyone,

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    Coinbase: $1 minimum exchange
    CoinMama

    Get free Bitcoins with the best BITCOIN faucet rotator:
    IACBit.org Faucet Rotator

    ReplyDelete