Posts

Beginner´s guide to mining Bitcoins: How to mine Bitcoin step by step

Image
  Are you interested in mining Bitcoins but don´t know much about cryptocurrencies? Then you may welcome our detailed manual for beginners that will tell you how to mine Bitcoin step by step. If you want to learn more about the principles behind mining and how Bitcoin mining works, read our article Bitcoin mining in theory: what is the principle of mining? 1. Get a Bitcoin mining rig If you want to start mining in the first place, you have to own a mining rig. Although in the beginning of the Bitcoin history, miners used ordinary domestic computers, and later graphic cards, today you will not acquire any Bitcoin with these machines (or more precisely you may gain something, but it will be a really small amount in a very long period of time). Nowadays, Bitcoins are mined by special hardware designated just for mining Bitcoins or other currencies based on the same algorithm. It is called ASIC (Application-Specific Integrated Circuit chips), uses less energy and mines Bitcoins mu...

How to Buy Bitcoin

Image
  What is Bitcoin (BTC)? Bitcoin is a digital form of money running on a distributed network of computers. The first cryptocurrency that came into existence, Bitcoin was conceptualized in a whitepaper published in 2008 by someone who uses the pseudonym Satoshi Nakamoto. More than a decade after its creation on January 3, 2009, Bitcoin is currently the most widely known and used cryptocurrency. How to Buy Bitcoin Buy BTC with Bank Transfer Buy stablecoins listed on Binance by wiring money from your account to the providers of these coins. Then, use these stablecoins to buy Bitcoin on Binance exchange. Trade BTC Binance supports the deposit of more than 150 cryptocurrencies, several of which you can exchange for Bitcoin at some of the best rates in the market. Buy Bitcoin with Credit Card You can directly purchase Bitcoin with credit card on Binance. We offer the best route to buy Bitcoin using debit card or credit card (Visa or MasterCard). Binance: Where The World Trades Bitcoin Fa...

Things you need to know about Bitcoin

Image
  Some things you need to know If you're getting started with Bitcoin, there are a few things you should know. Bitcoin lets you exchange money and transact in a different way than you normally do. As such, you should take time to inform yourself before using Bitcoin for any serious transaction. Bitcoin should be treated with the same care as your regular wallet, or even more in some cases! Securing your wallet Like in real life, your wallet must be secured. Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, Bitcoin can provide very high levels of security if used correctly. Always remember that it is your responsibility to adopt good practices in order to protect your money.  Read more about securing your wallet . Bitcoin price is volatile The price of a bitcoin can unpredictably increase or decrease over a short period of time du...