Bitcoin is a digital asset and a payment system invented by unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto.
Bitcoins are created as a reward for payment processing work in which users offer their computing knowledge to verify and record payments into a public ledger. This activity is referred to as mining and miners are rewarded with transaction fees and newly created Bitcoins. Currencies can also be exchanged for bitcoins for products, and services.
*** For Blockchain, login then click send or receive depending on the transaction you wish to do. Send means you want to send bitcoin out while receive means you want to receive bitcoin.
*** For Localbitcoins follow the above screenshot and to send you will see send bitcoin, fill the form and click send
There usually is bitcoin charge when sending bitcoin out.
Bitcoin address usually looks like
1Dvx59m95f1mVqdUUGRZ4ziUGQJjYZ6tLj and it is unique and different for everyone
That's all. Enjoy.
Bitcoins are created as a reward for payment processing work in which users offer their computing knowledge to verify and record payments into a public ledger. This activity is referred to as mining and miners are rewarded with transaction fees and newly created Bitcoins. Currencies can also be exchanged for bitcoins for products, and services.
Common Terms Of Bitcoin
- WALLET : A wallet stores the information necessary to transact bitcoins. They are termed as a place to hold or store bitcoins, due to the nature of the system.
- TRANSACTION : A transaction must have one or more inputs. For the transaction to be valid, every input must be an unspent output of a previous transaction. Every input must be digitally signed.
- OWNERSHIP : Ownership of bitcoin implies that a user can spend bitcoins associated with a specific address.
- UNITS : The unit of account of the bitcoin system is bitcoin. The symbols used to represent bitcoin are BTC, XBT and . A Satoshi is represented by 0.00000001 bitcoin , a millibitcoin(mBTC) equals to 0.001 bitcoin while one microbitcoin(μBTC) equals to 0.000001 bitcoin .
How To Open A Bitcoin Account?
*** To Open a bitcoin account is absolutely free and I will provide two well known sites and how to sign up in this post
*** Sign up here for LocalBitcoins
*** Registration is straight forward using LocalBitcoins but you will need to verify your email address, verify your phone number and identity to enjoy the whole platform
*** Sign up here for BlockChain
*** Fill the form and verify your email
*** Login and change your password to what you will be able to remember easily and create your security.
*** That is all about opening a Bitcoin Account.
To see your wallet ID check the screenshot blow to see how it looks like, which you can send to anyone who wishes to pay you in Bitcoin.
Upcoming posts will be how to earn bitcoin easily without buying from a hard party rather you will sell and exchange for your currency.
How Do I Locate My Bitcoin Address?
*** For Blockchain, login then click send or receive depending on the transaction you wish to do. Send means you want to send bitcoin out while receive means you want to receive bitcoin.
*** For Localbitcoins follow the above screenshot and to send you will see send bitcoin, fill the form and click send
There usually is bitcoin charge when sending bitcoin out.
Bitcoin address usually looks like
1Dvx59m95f1mVqdUUGRZ4ziUGQJjYZ6tLj and it is unique and different for everyone
That's all. Enjoy.
Hey admin, I transfered my Satoshi earning from btcsharesbot on telegram to my bit coin address but it didn't reflect. How can you help me out?
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