Tuesday, November 19, 2013

Beginner's Guide to Bitcoin

Most of you, by now, have been exposed to the great media interest in Bitcoins.
For most people, this is a lot of information to process and the terminology can be confusing.

Bitcoin is a digital currency that allows and caters for two things on the internet:

1) It can be spent anonymously.
2) An individual can spend this bitcoin once.

It is basically 'cash' for the internet.

More information and detailed explanations can be found at  http://en.wikipedia.org/wiki/Bitcoin.

For all beginners who are entering the Bitcoin economy, you will need a Bitcoin Wallet.

The options are online wallets (options here):
Blockchain Wallet.
Or a wallet can be downloaded on your device:
Bitcoin-Qt wallet
Blackberry Device
Multibit wallet
Armory Wallet.


Once a wallet is obtained, you can start using Bitcoins!!!

You can get Bitcoins by buying them, mining for Bitcoins, by completing tasks for Bitcoins, or by getting small amounts of Bitcoins for free!!!

Where to Buy Bitcoins:
Mt.Gox
BTC-e
Bitcoin.de


List of Faucet sites coming soon, where you can get bitcoins for free!!!



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