Category Archives: Bitcoin FAQs

Bitcoin Digital Currency – How Does It Work?

For a few months now those wishing to purchase Casascius physical bitcoins using a credit card or PayPal have been served thanks to the online vendor Memory Dealers. The operator of Memory Dealers, Roger Ver (@RogerVer) announced however that PayPal is yet again in the process of putting a stop to the use of PayPal for purchasing bitcoins. Memory Dealers will continue selling bitcoins until PayPal takes action, apparently. This means those wishing to buy have just […]

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How To Send And Receive Money With Bitcoin?

The bitcoin system is one of the first types of crypto-currency which has existed in the market since January 2009. What makes bitcoin different from regular currencies is the fact that bitcoin uses cryptography to monitor and control the creation and transfer of the currency between different parties. Bitcoins are generated over time at a diminishing rate, and the maximum amount of bitcoins in the market at one time is 21 million units. The usage of bitcoin […]

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Trading Bitcoins At The Bitcoin Exchange

You can buy Bitcoin from a Bitcoin exchange; however, there are dozens of brokerage firms that are offering Bitcoin trading services and they even sell them to buyers. Thus, for traders who are looking to cash in the golden opportunity in the trading of digital currency, there are plenty of options. Nevertheless, buying Bitcoin from a safe and secure source is always better an option than buying from retailers who may fraud you. According to traders the […]

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Where To Buy Bitcoins From Reliable Bitcoin Exchanges?

There are so many Bitcoin exchanges and sources like Mt.Gox, Silk Road, BitPay, BitInstant, SatoshiDice, Butterfly Labs, Blockchain, Bitstamp, Coinabul, etc., you need to finalize on the one that is the most reliable. These are some leading names in the Bitcoin economy that have made their special place for their services to customers; however, it is your personal decision that should be dependent on your information and scrutiny. Nonetheless, available for people who want to invest or […]

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Introduction To Bitcoins

Bitcoins are a digital currency created in 2001 by Satoshi Nakamoto. It is based on open source software and P2P networks with no central authority or issuers. The coins are saved on your computer in a wallet file or in a third party wallet. They can be exchanged between anyone with a Bitcoins address. The database of transactions is spread across a peer to peer network. They also use digital signatures to ensure they are only spent […]

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