What is bitcoin?
13.12.2021

What is bitcoin?

Bitcoin is a new cryptocurrency, which people see pretty often. Most countries do not recognize this cryptocurrency for a while, but it's becoming more and more popular.

Many are able to use digital money for legal and very profitable earnings.

Let's talk in more detail about bitcoin and how to earn your first several tenths of dollars.

New cryptocurrency or bitcoin were released in 2009 with the help of modern technologies and based on laws of math. It's impossible to see or take in hands digital money, it's a massive mathematical equation, which contains syphered code.

Bitcoin has several features, which have to be know by any beginner:

●   There are open access for any person to the source of cryptocurrency;

●   You can purchase in on the exchange or exchange it in your digital wallet;

●   The currency works only on the Internet, where all hosts has the same rights;

●   There virtually no possibility of changes in the protocol;

●   Cryptocurrency isn't affected by inflation, because it's amount is restricted by 21 mln;

●   All operations are open, but completely anonymous.


How to earn with bitcoins

Many are interested in bitcoin cryptocurrency and how to earn with it.

Let's consider several simplest and most popular ways to earn digital money:

●  Investor purchases cryptocurrency by a certain price and sells it when it reaches the peak of the cost;

●  Arbitration - is purchase of money at one exchange and sell at the other resource, which proposes higher rate of exchange;

●   Exchange of any cryptocurrency for bitcoins, and further reversed exchange in case of favorable rate.



Today investors can introduce social credits in bitcoin and do charity.

Where to purchase bitcoin?

It's possible to get digital money on any cryptocurrency exchange.

Here are the most trusted resources.

BitBay

Largest Polish exchange. It helps to enlarge your investing bag in a short period of time.

Libertex

The famous application proposes more than 200 shares, there is a demo account to get educated with no risk to lose an investment..

There are a lot of investment platforms aside from exchanges, which are very popular among investors and give good profit with regular use and serious attitude to the work. One of the most popular is BTC Compass.

If you want, you can exchange bitcoins for the other cryptocurrency, you can always do it through our online cryptocurrency exchanger.

Recent articles
The largest holders of Bitcoin?

The number of Bitcoins is limited in the blockchain network. Currently, about 18.9 million Bitcoins out of 21 million have been mined. Despite this amount, it is predicted that the last Bitcoin may not be mined until 2140. It is due to several factors: the increasing value of the asset and the complexity of building each block (Bitcoin mining).

30.03.2022
How many Bitcoins are mined per day

Bitcoin mining is one of the most interesting questions in the crypto world. How many Bitcoins are mined per day determines the final price of the asset. The principle is simple: the more labor-intensive the process of building each block in the network, the higher the price. Accordingly, Bitcoin mining requires appropriately powerful equipment, which all miners don’t have.

25.03.2022
The outlook for cryptocurrency in 2022

We can conclude that the number of coin holders is increasing every year, based on the latest news from the world of the cryptocurrency industry. This is also facilitated by the leading powers, which at the legislative level began to accept bitcoin as a means of payment.

15.03.2022
What to buy for Ethereum?

Ethereum is currently the second largest cryptocurrency in terms of capitalization. This trust of coin holders allows various purchases to be made using transactions in the ether blockchain. The purchase of assets for cryptocurrency is more developed in western and southern countries.

07.03.2022