What is Bitcoin?
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.
If you want to know more then check out the full Bitcoin Wikipedia article or watch the YouTube video below.
Bitcoins are all over the headlines, but did you know there are websites that pay out "free" Bitcoins for visiting them or doing tasks? They're called Bitcoin faucets, and they're a great way for you to get into Bitcoins without mining, winning it through playing online poker with Bitcoins, wiring money to a Bitcoin exchange, or buying through LocalBitcoins.
Most of these faucets work by paying out tiny fractions of a Bitcoin in exchange for loading a page full of ads or for watching videos. I've also listed sites that pay Bitcoins in exchange for doing crowd-sourced tasks.
Terms:
- A satoshi is currently the smallest fraction of a Bitcoin, or 0.00000001BTC. 1,000 satoshis would is 0.00001000BTC.
- Check here how much is 1 Bitcoin
You'll need a Bitcoin wallet, Litecoin wallet, Dogecoin wallet either a standalone client-side wallet or a wallet from a service like Blockchain.info (Bitcoin wallet), exmo.com (3 in 1), my.dogechain.info (Dogecoin wallet).
Anyone with a bitcoin wallet address can claim random amounts of satoshi totally FREE. No need to register or login, just enter your wallet address and enjoy your free money.
How to claim:
>>1. Enter your wallet address>>2. Solve captcha to prove you are human >>3. Hit the claim button.
- Top Faucets List
- moonbitcoin HOT
- moonlitecoin HOT
- moondogecoin HOT
- bitcoinzebra HOT
- freebitcoin HOT
- winfreelitecoin HOT
- litefree HOT
Bitcoin Faucets
- waterbitcoin
- destinybtc
- welovebtc
- goldwmr
- doeza
- safebitcoin
- thefaucetbanker
- infaucet
- get-free-bitcoin
- claimbit
- thefaucetfarmer
- bitcoinnewsday
- rollingfaucet
- freebitcoinx
- coinerfaucet
- cryptodrips
- your-bitcoin
- bitstacks
- moneyinpjs
- faucethausofcoins
- bitcoinscollect
- cauldronofcoins
- greenbitcoin
- faucetgoldtime
- faucetkoala
- btcbabe
- jazfaucetlist
- bitfreefaucet
- bitframecoin
- catsfaucet
- giftsatoshis
- tastybtc
- btcs4free
- p-freeinfo
- faucetsfree
- coinfreebtcve
- rotatorbtc
- cobrabit
- faucetfreesatoshis
- bitcoinsclick
- animebitcoin-faucet
- thefreebitcoin
- freecryptocoin
- subicoin
- bitcoinshowers
- bitcoinfreefaucet
- biflaucet
- cryptoblox
- bitcoinfreeface
- gevemecoin
- flukanime
- faucetbitcoin
- pentafaucet
- facebitcoinfree
- bitcoon
- leidymacias
- sky-btc
- satoshik
- youbit
- bitcooin
- satoshifiesta
- boicoteate
- yoursato
- captchas
- fastcoin
- faucetworld
- makefreebtc
- makefreebitcoin
- ultra-btc
Litecoin Faucets
- whatacoin
- sealitecoin
- litecoinaltcoinrevolution
- getmyfaucetltc
- faucetbitcoins43
- freesatoshigift
- litecoincryptorials
- carilitecoin
- smellslikecoins
- allbtc
- earnlite
- totallyltc
- coin-x
- cryptoburn
- template898
- freedailybits
- liteforyouwebuda
- topfreeltc
- ilikelitecoin
- litecoinfree
- doublelitecoin
- litecoinworldcryptowallet
- pickupcoin
- luckywheelgame
- zltcfaucet
Dogecoin Faucets
- smellslikecoins
- dogecoincryptorials
- easyearning
- faucetcobrashome
- cryptoburn
- freecryptocoin
- allbtc
- caridogecoin
- destinydoge
- tdwcoinfree
- faucet-doge22
- coin-x
- free-dogecoin
- makingmoneyhoney
- dogecoinrewards
- freecoinin
- earnsatoshialtervista
- giftdoge
- earndoge
- freedogecoinsbitcoin-source
- boxcoin
- moredogecoin
- shibefaucet
- dogebitfaucet
- dogemix
- dogecoinworldcryptowallet
- dogecpm-evolution
You can do it again and again the same bitcoin faucets every some minutes or some hours and earn 500.000-1.000.000 satoshi or in dollars 2-3$ per day.
