Bitcoin Support

5 Ways to Get Free Bitcoins:

Do you wonder where you can get some free bitcoins? For many of us, the discovery of Bitcoin is like the discovery of organic foods. We can see the benefits of using them but find it difficult to justify the cost, and then there is the risk that we’ll be getting a bad deal since we don’t know what we’re doing.

Getting free bitcoins is not a way to get rich, and certainly not the most profitable use of one’s time, but if you’ve got some free time and would like to pick up a small amount of extra Bitcoin now and then, then this definitive guide will is a great place to start.

1. The Blockchain Game

Google Play Store have arisen to fill the void. Chief among them is the Blockchain Game. You sign up with a two-step sign-up process which involves giving over your e-mail address and then your Bitcoin address.

2. Pop Bubbles

Another fun game available for Android devices is called Bitcoin Popper. This game takes more of a slot machine approach, and it is completely possible to get a 0.00 prize, as seen here.

3. Read Books

Readers may remember CCN’s coverage of PaidBooks.com, a site run by the friendly folks behind Bitcoin Aliens. It has the same functionality as a regular faucet, but instead pays users for reading classic books. It is one of the more interesting and engaging methods of giving away free money, as it gives the user the opportunity to engage in more ways than simply getting around a CAPTCHA and pressing a couple of buttons.

4. Roll and Ball

5. Play Dice

Most dice website allow the user to have a free balance to play with, albeit a very small amount. Examples of sites that do this are PrimeDice and 999Dice.

6. Reputable Bitcoin Faucets

There are some large and reputable bitcoin faucets that have consistently made their payouts for a long time. A few that make such a list are Free Bitcoin, Bitcoin Zebra, and Moon Bitcoin. To find a long list of faucets, visit Land of Bitcoin.

As you can see, cryptocurrency enables marketers to give away the ultimate freebie in the modern age: money. While you would have to spend a significant amount of time to get actual value out of faucet visitation, it does present a chance to become fully immersed in

how Bitcoin transactions work.

Bitcoin create account @ +1-856-514-8666.

You can buy Bitcoin easily, in a process as simple as signing up for any mobile app.

First, Sign Up for a Bitcoin Wallet

Before you buy Bitcoin, you need to download a Bitcoin wallet by going to a site like Block chain.info, or to a mobile app such as Bitcoin Wallet for Android or Block chain Bitcoin Wallet for I O S, and filling out an online form with basic details. This shouldn't take more than two minutes.

This is what your account page would look like if you were to sign up for a Bitcoin wallet on Coinbase. As you see, it looks kind of like the online banking software that most traditional commercial banks use for their customers:

Use Regular Money to Buy Bitcoin

Once you have a Bitcoin wallet, you use a traditional payment method such as credit card, bank transfer (A CH), or debit card to buy Bitcoins on a Bitcoin exchange (example: Coin base). The Bitcoins are then transferred to your wallet. The availability of the above payment methods is subject to the area of jurisdiction and exchange chosen.

Here is a screenshot of the Bitcoin interface showing how to buy and sell not just Bitcoin but also Ethereum and Litecoin, which are other popular virtual currencies. As you see, it's as straightforward as clicking on the "Buy" tab if you want to buy, and "Sell" tab if you want to sell. You select which currency you are buying/selling and which payment method (your bank account or credit card) you want to use.

Remember that "Bitcoin exchange" and "Bitcoin wallet" need not be the same. Bitcoin exchanges are kind of like forex exchanges--places where you can trade Bitcoin for a fiat currency, say, BTC for USD and vice versa (in U.S. for example). While exchanges offer wallet capabilities to users, it’s not their primary business. Since wallets need to be kept safe and secure, exchanges do not encourage storing of Bitcoins for higher amounts or long periods of time.

Hence, it is best to transfer your Bitcoins to a secure wallet. Security must be your top priority while opting for a Bitcoin wallet; always opt for the one with multi-signature facility.

There are many well-established exchanges that act as a one-stop solution by offering high security standards and reporting. Due diligence must be exercised while choosing a Bitcoin exchange or wallet.

A Bitcoin Wallet is for Your Private Key, Not for Storing Bitcoin

The common assumption that Bitcoins are stored in a wallet is technically incorrect. Bitcoins are not stored anywhere. Bitcoin balances are kept using public and private “keys,” which are long strings of numbers and letters linked through the mathematical encryption algorithm that was used to create them. The public key (comparable to a bank account number or IBAN) serves as the address published to the world, and to which others may send Bitcoins.

The private key (comparable to an ATM PIN) is meant to be a guarded secret, and only used to authorize Bitcoin transmissions. Thus, it’s the “private key” that is kept in a Bitcoin wallet. Some safeguards for a Bitcoin wallet include: encrypting the wallet with a strong password and choosing the cold storage option, i.e. storing it offline. In the case of Coin base, they offer a secure "multistage vault" to host your keys, which you can sign up for.

The number of places where Bitcoins can be spent is increasing rapidly and includes some big retail players as well as many small businesses and retailers. The increased acceptance is boosting its footprint across the globe and is helping it secure an official recognition as a mode of payment. Japan has recently accepted Bitcoin as a payment mode.

The Bottom Line

The changing regulatory stance, increasing adoption and acceptance, investments in Bitcoin start-ups and products being launched around it have cumulatively raised the confidence in Bitcoin. However, it’s still in a nascent stage and thus one must be aware of the price volatility issues, taxation aspect and legality angle before buying Bitcoins.