Bitcoin is extremely empowering currency but also different from the currency you use in your day to day Life. Earning your first Bitcoin is not really a hard job if you know the right steps to earn your first Bitcoin, But Most of the People don’t have much information about the digital currency Bitcoin. If you are one of them, then you are on the right page, Because We’ve Got a Guide to help you Get Started with Bitcoin. So Let’s Get Started:-
- 1 What is Bitcoin and How does it Work?
- 2 How Bitcoin is Better than other Currencies?
- 3 Best Bitcoin Wallets to Get Started
- 4 Best Ways to Start Earning Bitcoins Online
- 5 For Beginners –
- 6 For Intermediate –
- 7 For Experts –
What is Bitcoin and How does it Work?
Bitcoin is the first decentralized peer-to-peer currency that is Fully Controlled and Powered by their users. The Digital Currency Bitcoin is invented by a Software Developer Satoshi Nakamoto. In Simple Words, We can say that Bitcoin is a Digital Currency or Payment System that can be used to Buy Products and Services Online or to Transfer Money anywhere in the world without any complications.
In Modern Times, Bitcoin is maintained by the Blockchain Network Which is an Open Ledger Helps you to Keep Records of your all Bitcoin Transactions. Most of the people think Bitcoin as a Useless Currency that Starts with Zeroes and Ones, But with some right and smart tricks you can really make a handsome income from this Digital Currency.
If you are Looking Forward to use this currency, then you just need a Bitcoin Wallet to Store your Bitcoins. Once you have a Bitcoin Wallet, You also get your unique Bitcoin address to Receive Payments in your Bitcoin Wallet. One of the Best Feature of Bitcoin is that Its Fully anonymous and non-refundable Currency.
How Bitcoin is Better than other Currencies?
Before you get Started with Bitcoin, there are Some great Features You Should Know that makes it different from other Currencies.
1. Decentralized Currency
Bitcoin is the first currency that’s not controlled by any Agency or Government. So It’s Clear that No one can Hold your Bitcoins if you don’t agree with their terms and you are Fully independent to Transfer it anywhere in the World.
2. Easy to Use
It’s Easy to Create a Bitcoin Wallet as compare to Opening a Bank account with Conventional Banks. In Simple Words, You just need to Provide Some Basic Information Like Name, E-mail address, Password and You are Ready to use the Currency.
3. Fast & Hassle-Free Transactions
Bitcoin is the Most Convenient way to transfer your money anywhere in the world. Also, You do not need to disclose your personal information like Name or Address in order to make transactions using Bitcoin.
4. Low Transaction Fees
Banks may take up to 10$ Fees for International Transfers, But with the help of Bitcoin, You can make hundreds of Transaction every day and with just a Fees of Less than 1 Us Dollar.
5. Fastest Growing Currency
Bitcoin is the Fastest Growing Currency in the world as Compare to another currencies You use in your day-to-day Life. At the time of writing this article, 1 Bitcoin is traded for 2730 Us Dollars and It has been increased from 300 Dollars to 2730 Dollars today in a Short Period of Time.
Some Important Things You Need to Know Before Getting Started
- Bitcoin Wallets need to be Secure – Like your real Wallet
- Bitcoin Price is not Stable
- Bitcoins Payments are irreversible or non-refundable
- Bitcoins are Still Experimental but has been operational
- Some Governments of Countries have Special Regulations for Bitcoin.
It’s True that it is not important to educate you about these things but it’s better to have a Clear Understanding of things involved with Bitcoin.
Best Bitcoin Wallets to Get Started
A Bitcoin wallet is a to Start Sending and Receiving Bitcoins. In Simple Words, Bitcoin Wallet is a Software Program to Store your Bitcoins Safely. There are Basically Two Types of Wallets – Software Wallet and Web or Hosted Wallet. A Software wallet is that you have to directly download in your Computer or Android Phone. Sometimes the Software Wallets are Tricky to Install. So If you are not Familiar that then you can also use web wallet. A Web Wallet is that which is hosted by a Wallet Provider. Basically, these wallets are easy to use and you have to trust the provider to maintain high security for your coins. Some of the Best Wallets that we Recommend to use For Beginners and Pro Bitcoin Users:-
Blockchain is the one of the quickest and easiest way to Start Sending and Receiving Bitcoins. For this Purpose, You just need to Fill some Information on the Signup Page and you are ready to start exploring. Blockchain also provides you access on your android phone with their Android app.
Coinbase is another web wallet like Blockchain that provides you a Simple Setup and a number of its features make it possible to excellent for Beginners. You can use this platform to Send and Receive Bitcoins and also for Buying and Selling of Bitcoins.
Xapo is a similar wallet like Blockchain and Coinbase that help you to store bitcoins. It also Provides a Cold Storage to Store your Bitcoins For a Long Period. Also Like Blockchain, it provides you access on your android phone with their Android app.
Mycelium is an Android app That Let’s you Send and Receive Bitcoins Quickly and Easily with your Android App. This unparalleled Cold Storage allows you to Store your Funds with 100% Security Until You are Ready to Spend it. Also with Mycelium, you can easily Start Buying and Selling of Bitcoins.
Now You have a Wallet Setup, It’s Time to Explore Something More. So Let’s Start Exploring the Best Ways to Earn Bitcoins Online.
Best Ways to Start Earning Bitcoins Online
There are Several Ways to Earn Bitcoins Online and to Grow your Bitcoins. I’ve Classified this article into three parts i.e. For Beginners, Intermediate, and Experts. The Ideas Mentioned below for Experts Requires More Skills and Having Some Risks. But Remember that there is no rule for beginners that they should not work in experienced fields. You can Start Using these Methods after learning everything about it. So Let’s Get Started :-
For Beginners –
(a) Bitcoin Faucets –
Bitcoin Faucets are a Great Way to Earn Bitcoins Online For Free and it is appropriate for Beginners also. Faucets are a Place Where you need to Complete a Small Task Such as Completing a Survey, Filling out a Captcha and so forth and after the finish of the task the user will be compensated with a little measure of bitcoins.
Every Faucet has a revisit time and Suppose if a Faucet has a revisit time of 5 Minutes then you would be able to claim a few bitcoins at regular intervals by going to the faucet page like clockwork. The greater part of the Faucets is that Pay a Higher Rate of Referral Commission Varies from 20% to 100% and If you refer your Friends then you would be able to make a colossal measure of Bitcoins just by Referring your Friends.
There are Plenty of Faucets accessible to claim each second But I have made a List of some best paying faucets that you would use in order to earn bitcoins online. Here are the Best Faucets to Start Earning Bitcoins:-
(b) Play Games Online and Earn Bitcoins –
The vast majority of the People need to gain cash while entertaining themselves. It is a mind-blowing truth that you can procure bitcoins while playing your most loved games on the web. Every one of the games that will pay you in bitcoins is free and simple to play. There are several sites and applications that compensation you to play games on the web. A few Websites pay you to Play games and Some sites pay you to finish levels. So Have a Look at the Best Websites that pay you to play Games online:-
Tremor Games is the best place to Find Thousands of Flash Games and Start Playing them keeping in mind the end goal to Earn Bitcoins. When you Play Games on Tremor Games then you will Start Earning Tremor Coins that you would exchange be able to For Various Goodies and also for Bitcoins.
Cash Clamber is another Platform Where you will get paid to Play Flash Games Online But with a Twist. Essentially, In this You need to make your own particular games and play them with your companions keeping in mind the end goal to win btc prizes.
Takara is the primary App that compensation their users to gather bitcoins by going to various areas in their Cities. Unfortunately, Takara application is only accessible for iOS Devices and the engineers will dispatch the Android Version in Future.
Game Faucet is another Platform Similar to Tremor Games where you will get paid to Play Various Flash Games Online. There are Many Games Available Like Pirates Adventure, Bubble Shooter, and Puzzles on Game Faucet Platform.
Satoshi Quiz is a Little Quiz Game Where You will get paid to answer intriguing Questions and there is an awesome blend of the simple and extreme Questions but you will get just 1 Minute to answer a Question. If you Guess the right answer, then you will be rewarded with a few bitcoins.
For Intermediate –
(a) Start Bitcoin Mining –
Bitcoin Mining is the least demanding and most helpful approach to procuring bitcoins on the web. Numerous Professionals can procure a tremendous measure of bitcoins through mining. Fundamentally, Bitcoin Mining is a Process of Solving some Mathematical Problems in Computer and the Mining only works in High-end Computers But Don’t Worry, If you don’t have a high-end PC, you can rent one to use for mining. There are Three types of Mining:-
(#) Hardware Mining
Hardware Mining is a Process in which you mine bitcoins by utilizing a Hardware Device. Fundamentally, Now a Days Mining Hardware are available in the market, So You can Buy One For Yourself and Let the Hardware Mine Bitcoins For You.
(#) Software Mining
In this, You simply need to join a mining pool and download a mining application in your PC and after that, you need to interface the software with the mining pool. After the effective confirmation, your PC will begin digging bitcoins for you.
(#) Cloud Mining
Cloud Mining is a Process in which you mine bitcoins by using shared data centers. In this, You don’t need to deal with your own particular equipment keeping in mind the end goal to mine bitcoins. There are Plenty of sites accessible that offer cloud mining but some of them are scams, So Always be Careful while Choosing a Cloud Mining Platform.
(b) Lend Bitcoins and Earn Interest –
Lending your Bitcoins to Bitcoin Banks and Other People is the easiest way to Start Growing your Bitcoins. Basically, In this, you just have to earn Bitcoins by using the above methods and Lend them to Bitcoin Banks or Offer them to Other People on Forums and Start Earning Interest From them. Like the Regular Banks, there are Bitcoin Banks that Give Loans to People and also Deposit Money in order to give interest to the people.
The Interest Rate Varies From 10% to 30% P.a. Depending Upon the Bitcoin Bank or If you want to Earn More Interest, then you can Lend Directly to other people. But always Keep in Mind, You are taking a risk by Lending your Bitcoins Directly to Others.
Note : – Investing your Bitcoins Online Involves Risks of Money Scams, So Always Keep in Mind that Don’t Invest More than You can’t afford to Lose.
For Experts –
(a) Bitcoin & Altcoin Trading –
Bitcoin Trading is another Great Way to Grow your bitcoins on the web. Essentially, Bitcoin Trading is Similar to Gambling with computed chance, But If you are Good in Trading Bitcoin and Other Altcoins then you would be able to make some genuine money immediately. Also Never Try to do Trading without the proper knowledge of the risks involved with it.
Along these lines, Gain Proper Knowledge in Trading and Start Investing your cash in bitcoin and Earning Money By simply spending a couple of minutes a day. There are Plenty of Exchanges Where you would start Buying and Selling of Bitcoins and Altcoins. Here is a List of Some Best Websites to Start Trading Today:-
Poloniex is a Us-Based Exchange where you would be able to Start Trading Bitcoin and Altcoins with most extreme Safety and Security. It is the fastest Growing trading exchange with a month to month 30 Million Visits. It has the most delightful interface for both portable and desktop. You would be able to buy Some of the major altcoins with no inconveniences on this Platform.
At LocalBitcoins, Persons From Different Countries would be able to exchange their Fiat Money into bitcoin. On LocalBitcoins, Users Post ad where they express the conversion scale and payment methods to accept payments in return of Bitcoins. You simply need to Agree with the Ad Guidelines to purchase bitcoins from this platform.
LocalBitcoins is marginally unique in relation to other trading platforms because here you exchange specifically with the individuals. This makes the procedure so advantageous and you will get your bitcoins in a split second. Also, LocalBitcoins Platform Supports all Payment Methods, So you don’t need to worry about your preferred payment methods.
Yobit is the best Altcoin Trading Platform Where you would be able to trade Different Altcoins. At Yobit, You would also be able to claim some free altcoins consistently and also there is an invest box available where you can put your cash so as to get day by day enthusiasm to your Yobit account. So, Join this amazing platform and Start growing your Cash Right Away.
(b) Bitcoin Gambling and Sports Betting –
Bitcoin Gambling is the best source to double, triple your money in a few Minutes and Also a Place Where you may Lose your all Bitcoin Savings in a Moment. So, Bitcoin Gambling is for Experienced Persons Only and If you are a Beginner and wish to earn huge money from gambling then you can gain some knowledge and experience firstly otherwise you may lose more than you’ve invested.
It might seem to you a simple way to make bitcoins online, but there are couple of risks involved in gambling as similar to trading. So, Only Start Gambling if you have initial Capital to Spend. We Don’t guarantee that you would make some serious cash from gambling, So always Keep in Mind Don’t Invest more than, You can’t afford to Lose.
In Other Words, You may Sometimes earn Something from gambling and Sometimes not, So Keep Patience and Find out Some Stertagies that work for you.
Closing Words –
That’s it! I hope this article will help you to make some bitcoins online and if you like this guide then Please Like, Share and Subscribe to get notified about the Future Updates From us!
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