FIRST CREATE A BITCOIN WALLET
COINS.PH XAPO COINBASE
BITCOIN FAUCET
00001 00002 00003 00004 00005 00006 00007
00008 00009 00010 00011 00012 00013 00014
00015 00016 00017 00018 00019 00020 00021
00022 00023 00024 00025 00026 00027 00028
00029 00030 00031 00032 00033 00034 00035
00036 00037 00038 00039 00040 00041 00042
00043 00044 00045 00046 00047 00048 00049
00050 00051 00052 00053 00054 00055 00056
00057 00058 00059 00060 00061 00062 00063
00064 00065 00066 00067 00068 00069 00070
OTHER FAUCET
XBIT earn 25 satoshi every seconds
SUN earn 100 to 20,000 satoshi every 5 minutes
JUPITER earn 100 to 20,000 satoshi every 5 minutes
BONUS earn 100 to 5,000 satoshi every 15 minutes
BITCOINKER earn 250 satoshi every 15 minutes
MOON earn 100+ satoshi every 5 minutes+
LOOT earn 100+ satoshi every 5 minutes+
BIT earn 120+ bit per day
MINING earn 10 hashrate (GHS) per referral
BITCOIN
is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency. Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application. Bitcoin as a form of payment for products and services has seen growth,and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. The European Banking Authority has warned that bitcoin lacks consumer protections. Unlike credit cards, any fees are paid by the purchaser not the vendor. Bitcoins can be stolen and chargebacks are impossible. Commercial use of bitcoin is currently small compared to its use by speculators, which has fueled price volatility. Bitcoin has been a subject of scrutiny amid concerns that it can be used for illegal activities. In October 2013 the US FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time. The US is considered bitcoin-friendly compared to other governments. In China, buying bitcoins with yuan is subject to restrictions, and bitcoin exchanges are not allowed to hold bank accounts.
WALLET
To use Bitcoin, you need a wallet. A wallet is essentially an address you use to receive BTC. Whenever you acquire a new wallet, a private and public key is generated and given to you. The public key can be freely shared and is what people use to send BTC to each other. This public key is stored with the amount in the currency's transaction history, known as the block chain. By looking at the block chain, you can determine how much BTC an account has by adding up how much was sent and received to that account. However, the private key should be kept secret as whoever knows the private key claims ownership of all its associated funds (in fact, by default the local wallet hides the private key from you so you don't accidently reveal it). Whenever you back up a wallet, you actually aren't saving how many coins you have, but the private key. This way, you can't spend coins then restore from a backup to regain them. Instead, the private key is used to just claim ownership of all funds associated with its public key pair in the block chain.
