Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, since the system works without a central repository or single administrator. It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
It is a stand-alone software or web service, allowing you to handle cryprocurrency (send, receive, exchange). Again we recommend BlockChain or CoinBase (think of them as of “PayPal for Bitcoins”), but any will do.
qoinpro.com is a scam. They pay out if you can manage to eventually get the faucet high enough to do so (which is very difficult even with tons of referrals), and they have been scamming people (including myself) left and right lately by sending emails asking folks to deposit BTC to their wallet to claim BTG and BCH from the Segwit fork…
Hey John Thuku, thanks for the notes. I haven’t tested BTCClock, but it sure looks like a ponzi scheme to me. I don’t recommend sending money to a faucet—faucets are supposed to send us Bitcoins, not the other way around.
Right, we are talking the money here. Well, nothing is “absolutely” secure, but to our best knowledge the Bitcoin Faucet for WordPress is as secure as it gets, no less secure than other Bitcoin Faucet software. We’ve jumped through a lot of hoops to increase security, so just use your common sense and you will be fine.
NO! The Devil is in the details. Here is what really happens, especially when crypto is booming. Here is what is going to happen when LN takes over and the Bitcoin price will ‘skyrocket’.. This is the dirty little secret all exchangers do:
Doing verification process you might see one offer you have to complete, and in all honesty, this is where we make our money to buy every user bitcoins. So bear with us. These offers usually take about 2 minutes to complete and are free. 99% of the money goes to other users by paying them bitcoins and we keep 1% fee to pay for servers and staff. We hope you understand.
But of course, there are some problems in this kind of set up. For one, can you really easily trust them with your resources? Next, we all know that it has a commission set up which means that it is somewhat a Ponzi scheme.
Yes, the ultimate goal here is to make money through Bitcoins or related services or products but it’s not through ridiculous fees and hidden monthly charges. Everything is plain, simple and transparent.
Bitcoin Faucets are free to use by anyone on the internet (though there are some faucet providers, which disallow some countries). As already stated, they are mainly recommended for bitcoin-starters. However many people quit after their first cash-out. That is, due to the fact that you can’t earn your living with this method (as our calculations have given: about 5$ per 10 hours). This might sound little to countries like Germany, USA or Spain. But for people from countries with weaker economies (many countries in Asia, Africa or South America) those 5$ can mean a lot. Check out this list of minimum wages on wikipedia for more info.
Thank you for this article . I have been into cryptos for about a year and a half now and made a small amount … I feel very alone sometimes as my friends and suroundings don’t always understand how I can spend time on btc …. I must say I am a 43 year old mom and for me the whole technology is the future for my child . I live in France and would like for more of us to join the project and make a difference for the future . Our whole economic system depends on debit and… Read more »
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CoinReaper #5 – This site’s best feature, and thus it’s reason for #5, is the fast speed with which you can blaze through many of the sites listed below. Beware, NSFW stuff could appear. It works pretty well. No real complaints, but may soon be overtaken by #6
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Got paid 8 times by them. I see a lot of people around me that have a hard time believing that 100% ROI in one month when trading crypto is not that much…if you take the time to educate yourself on this subject you’ll see that in crypto 100% ROI/mo is quite bad for someone who knows his stuff.
Anyway long story short I went ahead crazy and invested all my bitcoins here and 10 days later I’m at 1.4 btc. I got 0.6 free bitcoins from Bitcoininvest so far. Now I’m planning to reivest only the profit.
As you sign up for their services, it is also vital that you look into their security features. Aside from the bank, are making use of Bitcoin vaults? After all, you want your assets to remain as well protected as possible. It is vital that you look at all the ways your Bitcoins are being handled.
Warm tidings from the Ws. I expect to fill this post out with a heavy reorder of the top 10 as I get some time off from my new job in investments. These last few months have been some of the best of my life. Even the price action of our favorite crypto-currency gives me great happiness. To think of the amazing growth this year as people realize they don’t have to let corrupt government figures oversee the entire concept of money is a dream come true. I remember when I first heard about bitcoin, only a few short days, I think, after Satoshi released the white paper. I remember thinking that if it could happen, the gift it would give to humanity was worth far more than any fortune I might make in the process. Certainly, no fortune has been made as I’ve never owned more than 5BTC total, and currently own significantly less after Asicminer losses. Nevertheless, I consider myself a very rich man. I have a loving wife and family. Wonderful hobbies and talents, a steady job and even a Lexus (albeit 18 years old). I also have all of you, my wonderful and faithful readers. It is to you thank I give the warmest wishes for whatever holiday you celebrate as the year draws to a close. My deepest thanks and love to you all.
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