Bitcoin (btc currency) Explained! How to get free bitcoin?
I am going to try to make it as simple as possible.
There are two guys, Hulk & Batman.
Batman wants to transfer 1,000 rupees to Hulk.
So, Batman goes to his bank in Gotham and transfers 1,000 rupees to Hulk’s bank account in Ohio.
Now, the bank cashier will make a note of the transaction, either in a cash register or an online data sheet. He will give it a transaction number, and also note down the name of the two parties involved.
Understand the fact that whenever you transfer money, the bank is the third party which gets involved to note down the credentials of the transaction.
What if there was no bank required to make a transaction?
So, when Batman transfers money to Hulk through Bitcoins, all the information related to it is handled by a blockchain.
A block chain is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.
It is a continuously growing list of records, which has the time stamps and transaction data.
Now, to maintain the block chain, or the list of records you need a network. A network of people who ensure the transactions are securely taking place and there is no disparity.
These people are our miners, who use their processing power to maintain security of block chains and to ensure that they keep working properly.
Miners are rewarded as well when they help maintain the block chain system.
So, basically, Bitcoin as a digital currency eliminates the need of a third party like a bank server, and makes it decentralized. Nobody controls the movement of money this way.
Not even Hulk or Batman!
How to get free bit coins?
The Bitcoin cryptocurrency is the most talked about as it has the highest value in the present. There are others as well but since Bitcoin is widely used for e-transactions people are interested in it. What is started as less than $1 for a bitcoin is now $ 3900 per Bitcoin. With Japan legalizing it, other countries will soon be following suit. One way to get Bitcoins is to mine them but for that a very high end PC is required i.e. you have to shell out a lot of bucks. Another way is Bitcoin faucets.
The funda of the bitcoin faucet mentioned below works like this-they are involved in some kind of Bitcoin mining and from the traffic they get on their site through users like us, they invest in their business and give a part of the mined Satosi’s to us. Earn more bitcoins you can here!
I tried several of them but almost all had loads of advertisements on them. Each time I end up clicking on some or the other ad instead of getting my free Satoshi's. If you need to buy or sell bitcoins you can do it at Coinmama.
Pasting a link here because this Faucet had No advertisements on it. You get to roll the counter every hour and Bang!! there are free Satoshis credited to account.
Return so slow but guaranteed and regular. You get a bonus when you roll a specific number(mentioned on the page) which are in the form of free Satoshi's.
I've been on the faucet for over 7 days and the returns are plenty. Yes, you have to give a bit of time but you get its worth immediately. You can refer to your buddies and when the roll you get a part of it too (50% of what they score).
You can take your chances in the lottery and get in bumper prizes. Once you reach a certain amount you start getting compounded interest over it.
For zero investment in Bitcoins this method is a positively profitable way to start in the Bitcoin age. 10K Satoshis and counting….
In Bitcoin, it’s like every organic food store has someone out front, offering free samples. Also, there’s a library everywhere you look, but only a few of those libraries have any good information. The largest traders would benefit a great deal if everyone just jumped blindly into Bitcoin, investing large chunks of their life savings in the process. That would be just fine by them, but it’s unlikely to happen. More likely, people are going to get involved with Bitcoin either by necessity, by chance or because someone was willing to give them a few bitcoins to get started with.
Now, before we begin discussing the places out there to get free Bitcoin, let’s just be clear: there is no way to get wealthy without working or investing for it. It is impossible to make an income in bitcoins or any other currency just by clicking around on some websites. However, that being said, cryptocurrencies are unique in that clever marketers can make a profit doing exactly that, giving away money. This would not be possible in other currencies, where they simply can’t be broken down small enough. The operator will usually make less than a penny. If they were forced to give you a penny or more, there’d be no way to be profitable. Getting free bitcoins is not a way to get rich, and certainly not the most profitable use of one’s time, but if you’ve got some free time and would like to pick up a small amount of extra Bitcoin now and then, then this definitive guide will is a great place to start.
Bitcoins in its pure essence is the money. It is a digital currency that serves the same functions and purposes as money.
You can replace the BTC to compensate any country currency and get the value of product or services.
You can buy anything by using Bitcoins, even you can make online purchases and complete your transaction by paying as Bitcoins.
Here are some Benefits of bitcoins:
1. Freedom
- Once can send and receive money from anyone in the world
- No bank approvals needed
- No border or exchange restrictions
- Bitcoin gives you full control of your money
2. Low Fees
- Bitcoin transactions run on a distributed peer-to-peer network
- Computerized Work so No Employees needed
- Hence, less transaction fee
3. Secure
- Mathematically secured
- Impossible to fake
- Transactions are irreversible and do not disclose any personal information
How to earn free bitcoins
There are three methods to earn Bitcoins:
1.) Mining
2.) Trading
3.) Working in Faucet Sites
2.) Trading
3.) Working in Faucet Sites
Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
1 BTC= 100,000,000 Satoshi
The satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain. It is a one hundred millionth of a single bitcoin (0.00000001 BTC). The unit has been named in collective homage to the original creator of Bitcoin, Satoshi Nakamoto.
And as per now current value of BTC is :-
1 BTC = 16701.01 US Dollar OR 1075374.67 Indian Rupee
You can see how much valuable is this. I guess till now you have got a bit of knowledge about what BTC is and what is its value. Now let’s move to other part of the topic ie.
How can I earn BTC ?
Although there different ways to earn BTC but all of them can’t be done without any investment we need less or more investment in almost everyone except in those where we can earn BTC through some website by making an account there.
Before I start let me show you my earning proof:
This is my Block Chain Wallet
This is my Nano Hash account……………The Bitcoin cryptocurrency is the most talked about as it has the highest value in the present. There are others as well but since Bitcoin is widely used for e-transactions people are interested in it. What is started as less than $1 for a bitcoin is now $ 3900 per Bitcoin. With Japan legalizing it, other countries will soon be following suit. One way to get Bitcoins is to mine them but for that a very high end PC is required i.e. you have to shell out a lot of bucks. Another way is Bitcoin faucets.
The funda of the bitcoin faucet mentioned below works like this-they are involved in some kind of Bitcoin mining and from the traffic they get on their site through users like us, they invest in their business and give a part of the mined Satosi’s to us. Earn more bitcoins you can here!
I tried several of them but almost all had loads of advertisements on them. Each time I end up clicking on some or the other ad instead of getting my free Satoshi's. If you need to buy or sell bitcoins you can do it at Coinmama.
Pasting a link here because this Faucet had No advertisements on it. You get to roll the counter every hour and Bang!! there are free Satoshis credited to account.
Return so slow but guaranteed and regular. You get a bonus when you roll a specific number(mentioned on the page) which are in the form of free Satoshi's.
I've been on the faucet for over 7 days and the returns are plenty. Yes, you have to give a bit of time but you get its worth immediately. You can refer to your buddies and when the roll you get a part of it too (50% of what they score).
You can take your chances in the lottery and get in bumper prizes. Once you reach a certain amount you start getting compounded interest over it.
For zero investment in Bitcoins this method is a positively profitable way to start in the Bitcoin age. 10K Satoshis and counting….
In Bitcoin, it’s like every organic food store has someone out front, offering free samples. Also, there’s a library everywhere you look, but only a few of those libraries have any good information. The largest traders would benefit a great deal if everyone just jumped blindly into Bitcoin, investing large chunks of their life savings in the process. That would be just fine by them, but it’s unlikely to happen. More likely, people are going to get involved with Bitcoin either by necessity, by chance or because someone was willing to give them a few bitcoins to get started with.
Now, before we begin discussing the places out there to get free Bitcoin, let’s just be clear: there is no way to get wealthy without working or investing for it. It is impossible to make an income in bitcoins or any other currency just by clicking around on some websites. However, that being said, cryptocurrencies are unique in that clever marketers can make a profit doing exactly that, giving away money. This would not be possible in other currencies, where they simply can’t be broken down small enough. The operator will usually make less than a penny. If they were forced to give you a penny or more, there’d be no way to be profitable. Getting free bitcoins is not a way to get rich, and certainly not the most profitable use of one’s time, but if you’ve got some free time and would like to pick up a small amount of extra Bitcoin now and then, then this definitive guide will is a great place to start.
Bitcoins in its pure essence is the money. It is a digital currency that serves the same functions and purposes as money.
You can replace the BTC to compensate any country currency and get the value of product or services.
You can buy anything by using Bitcoins, even you can make online purchases and complete your transaction by paying as Bitcoins.
Here are some Benefits of bitcoins:
1. Freedom
- Once can send and receive money from anyone in the world
- No bank approvals needed
- No border or exchange restrictions
- Bitcoin gives you full control of your money
2. Low Fees
- Bitcoin transactions run on a distributed peer-to-peer network
- Computerized Work so No Employees needed
- Hence, less transaction fee
3. Secure
- Mathematically secured
- Impossible to fake
- Transactions are irreversible and do not disclose any personal information
How to earn free bitcoins
There are three methods to earn Bitcoins:
1.) Mining
2.) Trading
3.) Working in Faucet Sites
2.) Trading
3.) Working in Faucet Sites
Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
1 BTC= 100,000,000 Satoshi
The satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain. It is a one hundred millionth of a single bitcoin (0.00000001 BTC). The unit has been named in collective homage to the original creator of Bitcoin, Satoshi Nakamoto.
And as per now current value of BTC is :-
1 BTC = 16701.01 US Dollar OR 1075374.67 Indian Rupee
You can see how much valuable is this. I guess till now you have got a bit of knowledge about what BTC is and what is its value. Now let’s move to other part of the topic ie.
How can I earn BTC ?
Although there different ways to earn BTC but all of them can’t be done without any investment we need less or more investment in almost everyone except in those where we can earn BTC through some website by making an account there.
Before I start let me show you my earning proof:
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