Chris Oskin, Chef de produit / CRO chez Siliconbeach (2016-present)
Répondu il y a 28w · L'auteur dispose de réponses 90 et de vues de réponses 14.2k
How it “works” is a bit difficult to explain, but a simple explanation would be there’s a maximum of 21 million Bitcoins and the more people that want to buy them the more they are worth and vice versa (very simple)! Now, as far as how to buy a little and see what it’s like… there are many ways using your debit card, or bank account (that are safe too). If it is your first time, I would suggest Coinbase, but I do not endorse any site. Coinbase is just a very simple, self explanatory site (I actually first started off using Coinbase). To be fair, if you go to www.coinmarketcap.com and click on any one of the 1,000+ crypto currencies listed. You can scroll down a little and click on “markets” and it will list each market (website) where that coin/token is traded. There are a few big ones Binance.com, http://bittrex.com , among other huge exchange sites to trade on. That same page that I described where you click on “markets” closer to the top on the left hand side for each and every coin/token you click on you will read “website”. If you go to the cryptos website you can learn a whole lot more about that specific coin/token, crypto currency in general and download desktop and mobile wallets for keeping coins tokens that you don’t want to keep on the exchange site! You can definitely spend some time learning something that WILL be in your future…if we are going to keep computers, cell phones, tablets, etc..!! LOL I hope that’s enough to get you learning! Thank you, Chris
Olasehinde Bisola Emmanuel, Science and tech enthusiasts
Répondu il y a 27w
I’ll assume you are new to bitcoin and there is so much to learn. I recommend you bookmark the answer so that you can follow up later. It is not going to be quick.
If you want to transfer dollars, euro, naira or whatever currency you use in your country from your bank account to another account or when you want to make a cashless payment, you have to deposit money into your bank, then the bank takes care of how the money is transferred to the other account. Other businesses perform this function especially when you want to transfer money across borders e.g paypal, western union. The bank and other financial institution that takes control or takes care of your money are called third party.
Bitcoin is a peer to peer digital currency. It is peer to peer because when you transfer money or make a payment, your money does not pass through any third party. The money goes directly from you to the receiver, no bank or third party will process your transaction. Bitcoin is not a paper or coin you can carry around or give out, it is digit on your computer. It is very good because of privacy and mobility.
Transferring money across borders usually take days to complete, and there are lot of charges because every of the third party want to cut in profit. Cryptocurrency aims to solve this problem but there is a problem of double spending. If you send a file to someone through the internet, you still have a copy and you can still send it to as many people as you want. If you send bitcoin, every node is notified about the transaction. After a few minutes, all the transactions are collected together to form a block. Each new block is also linked to the former block and this gives a chain of block.
The best and highly recommended way to acquire bitcoin is to buy it in an exchange. An exchange is a market where buyers and sellers of bitcoin meet. There are several exchange, and there is a very useful tool which recommends an exchange based on your location in 99bitcoins.
You can buy bitcoin from someone, but you can be cheated. Make sure you are buying from someone you can trust or use escrow service like remitano and btcrow. Also make sure you are not buying at a value very high than the market price.
Just like you need a bank account to store and transfer money, you need a wallet to store, receive and send your bitcoin. You can leave your bitcoin in the exchange wallet but it is not safe. There are different types of bitcoin wallet, web, desktop, mobile and cold wallet.
You can learn more about bitcoin and wallet by going to 99bitcoins and signup for the 7 days free video course. It explains bitcoin in a way that a beginner can understand. You will also see a tool in the right frame that gives you the best exchange based on your location. Go to the exchange, sign up an account and read instructions on how to get started.
Didclaimer: You will very likely come across affiliate link at 99bitcoins. I’m not the owner of 99bitcoins, I’m not a staff or blogger there and I don’t have any investment there. I just find it resourceful for learning about bitcoin and choosing the right exchange and wallet for me.
I hope this information can get you started.
marque, MSCS from Beijing Institute Of Graphic Communication
Répondu il y a 28w · L'auteur dispose de réponses 62 et de vues de réponses 5.9k
Its tough one to explain how bitcoin work but simply you can understand it like in bitcoin, Transaction is a transfer of value between Bitcoin portefeuilles qui est inclus dans la chaîne de bloc. Bitcoin Les portefeuilles conservent une donnée secrète appelée clé privée ou graine, utilisée pour signer des transactions, fournissant une preuve mathématique de leur provenance du propriétaire du portefeuille.
If you want to buy bitcoin then its better to use exchange which works in your geographical area for example Huobi exchange doesn’t work in Libya or Pakistan. Remember never use fake information, it may cause you some serious problem in future and you may loose all of your assets. Chose exchange which suits your requirements i-e transaction fees etc. Every exchange have different methods for deposit money for example exchanges working in china accept deposit using wechat, Alipay, Bank cards etc. After depositing your money you can just directly buy USDT as USDT rate is the most stable one among all of the currencies. After that just trade this USDT with Bitcoin when you feel its the right time. Almost same methodology to buy other Crypto currencies like SMT or MESH etc.
Cellou Diallo, Entrepreneur, Blockchain and Cryptocurrency Enthusiast
Mise à jour il y a 7w
Before diving into how bitcoin works — let’s first understand why it was created and what problem it solves.
Bitcoin was created to reduce the monopolising effect that the fiat currency system—dollars, euros, pounds sterling etc.—and the traditional banking system has over the world.
Currently, a simple transaction cannot be completed without involving banks. It is also impossible to send money to people all over the world quickly and efficiently; after dealing with lots of red tape, you will still pay a considerable amount in transaction fees. Furthermore, banks have almost complete control over their customers’ assets and they can freeze and unfreeze accounts at will. Basically, the traditional currency system gives almost total control to the organisations, and less to the individual. Bitcoin is the exact opposite.
A solution like Bitcoin not only addresses the problems in the current system, it also ensures that there is a viable alternative to the highly-defective system.
Bitcoin is quite simple. It can be seen as a decentralized digital currency network that serves as a worldwide payment system. On this network, users can transact quickly and directly without third parties; transactions are anonymous and cost next to nothing. Every user has a personal electronic wallet, and total control of the wallet lies in the hand of the owner. In a nutshell, Bitcoin created a unique banking system without all the disadvantages of the traditional system.
To answer the second part of your question and as explain above the first thing you would need is a wallet, then you need a way to put money inside your wallet. This is done via bitcoin exchange like Coinbase, Bittrex and many others.
Here is a great FAQ Cryptocurrency Investing FAQs | DigitalAssetDB
Read more about bitcoin here What is Bitcoin | DigitalAssetDB
Evan Ezquer, Bitcoin et Crypto Expert, passionné de technologie blockchain
Répondu il y a 28w · L'auteur dispose de réponses 80 et de vues de réponses 7.8k
The basics for a new user
As a new user, you can commencer with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once.
Balances - block chain
The block chain is a grand livre public partagé on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptographie.
Transactions - private keys
A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a Clé privée or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The Signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called exploitation minière.
Processing - mining
Mining is a distributed consensus system qui sert à confirmer waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a bloc that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.
As for where to deposit you can go to Coinbase - Acheter / Vendre des devises numériques
you’re gonna need a debit/credit card and proof of identity
Pauline Shangley, Membre de l'équipe à ChangeNOW (2018-present)
Répondu il y a 28w · L'auteur dispose de réponses 65 et de vues de réponses 7.7k
I assume you’re asking about crytocurrencies in general, aren’t you? They are based in a technology called blockchain that enables transparency and trust automatically. It does it by having a bunch of ledgers, located all around the world, that record information (transactions). In this way, information isn’t just recorded on one ledger, but on thousands! Thus, if one of the ledgers is compromised, it doesn’t matter. How cool, right?
To deposit money you have two options. Option one: go to an exchange like bitstamp, gatehub, or coinbase and create an account. This will requiere you to submit all of your personal information (even your SSN and address). Then, wait several days, perhaps weeks, to get your account verified. After it is verified you’ll be able to make a wire transfer to deposit funds into your account. Once your account is credited, you’ll be able to buy crypto. That’s a pain in the neck!
Here’s option two (easier way): use Change maintenant. All you have to do is buy the cryptocurrency you’d like to buy with your credit card (there are 85 different altcoins available). This requieres no account creation nor giving away your personal information so your privacy stays protected, and it doesn’t requiere you to wait days or weeks for your account to be credited. So, you’re able to get started ASAP and not risk missing out on prices moving up!