Bitcoin is a Coin Fever, a digital currency born in 2009 and which is getting popular all over the world. Bitcoin created by a software developer – Satoshi Nakamoto who proposed an electronic payment system based on mathematical proof – a currency independent of any central authority, transferable electronically, nearly instantly, with very low transaction fees.
Bitcoin works as a P2P network, which allows you to make transactions without any intermediate authority nor paying any fees.
No one controls it. Bitcoins are not printed, like ‘Fiat Money’- Currency that a government has declared to be legal tender, but is not backed by a physical commodity. Bitcoins produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.
Who can use it?
Anybody can download a wallet for free, buy, sell and hold electronically, and making a transaction is as easy as sending virtual money to the address of another wallet.
Is it safe?
The security of bitcoin relies on the blockchain, which is a shared public ledger where all confirmed transactions are included, and uses cryptography to protect it and prevent any kind of fraud as any wallet balance can be confirmed by checking all transactions from the blockchain.
Create a Wallet
Completely free, go to bitcoin.org or go to blockchain.info and download a Wallet. Remember to keep the information safe, it’s going to be like your bank account.
Get free Bitcoins
Fill in the box with your public BTC address as frequently as you can in all the free bitcoin sites of the network, wait 30min or 24h (depending on website) and get paid to your wallet.
Buy free stuff!
You can either convert your bitcoins into your local currency or buy goods online! Learn more here.
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