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Convert into Bitcoins USD100

  • Product code: PRD39032
  • All Rewards from: Bitcoin
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Convert into Bitcoins USD100

What is a Bitcoin
Bitcoin is a form of digital currency which is created and held electronically by users in a decentralized network. The decentralized nature of the network means that Bitcoin is not controlled by any entity or individual.

What is a Bitcoin wallet
A Bitcoin wallet is very much like an online bank account. It is used to store Bitcoins, or to send and receive them. An user can have more than one wallet and they are created using a valid email address. A Bitcoin wallet has an ID (the equivalent of a username) and a password. To receive Bitcoins, the wallet can generate an address (or more) which is the equivalent of a shipping address in a online purchase of a physical product.

How can I get a Bitcoin wallet
There are many services which offer online Bitcoin wallets. Some of the most commonly used are Blockchain.info, Coinbase and Copay. Signing up on these services requires a valid email address and takes very little time. An online Bitcoin wallet can be used to store, send and receive Bitcoins.

Once I place the order, how do I get it?
In order to receive Bitcoins, a user must have a Bitcoin wallet and use one of its addresses to receive the coins. A wallet address is just like a bank account number, the only difference being is that a Bitcoin wallet can have more than one address - a wallet address is not the same as the wallet ID). When a customer converts his points into Bitcoins, the Bitcoins will be sent to the wallet address he enters. Most wallets, the above three included, have a button named "Receive" or "Request". Clicking on it will generate a new address which the customer can use to receive Bitcoins to.

Where can I use it
Bitcoins can be used to instantly transfer funds from one person to another, as an investment or to pay for products. Since the Bitcoin value still fluctuates, many users choose to use Bitcoins as an investment. If a user decides at any point that he wants to exchange his Bitcoins for US Dollars, Euros, British Pounds, or any other monetary currency, he can do so on services such as Coinify. People can use Bitcoin to purchase products at merchants such as NewEgg (online electronics retailer), Expedia (online travel booking agency) or Overstock (company that sells big ticket items at lower prices due to overstocking).

How long are my Bitcoins valid?
Just like traditional currencies, Bitcoins are valid as long as there are people willing to trade them.

Who can use Bitcoins?
Every person of legal age who owns a valid email address, internet connection and a bank account is allowed to use Bitcoins.

Refunds/Cancellations
One of the advantages of using Bitcoin is that transactions are definite and only the owner of the Bitcoins can use them. This is a rule which protects both users and merchants alike from ill-intentioned chargeback cases. However, at the same time, the Bitcoin owner has a greater responsibility for making sure that he is sending the Bitcoins to the right address. 

Convert into Bitcoins USD100

What is a Bitcoin
Bitcoin is a form of digital currency which is created and held electronically by users in a decentralized network. The decentralized nature of the network means that Bitcoin is not controlled by any entity or individual.

What is a Bitcoin wallet
A Bitcoin wallet is very much like an online bank account. It is used to store Bitcoins, or to send and receive them. An user can have more than one wallet and they are created using a valid email address. A Bitcoin wallet has an ID (the equivalent of a username) and a password. To receive Bitcoins, the wallet can generate an address (or more) which is the equivalent of a shipping address in a online purchase of a physical product.

How can I get a Bitcoin wallet
There are many services which offer online Bitcoin wallets. Some of the most commonly used are Blockchain.info, Coinbase and Copay. Signing up on these services requires a valid email address and takes very little time. An online Bitcoin wallet can be used to store, send and receive Bitcoins.

Once I place the order, how do I get it?
In order to receive Bitcoins, a user must have a Bitcoin wallet and use one of its addresses to receive the coins. A wallet address is just like a bank account number, the only difference being is that a Bitcoin wallet can have more than one address - a wallet address is not the same as the wallet ID). When a customer converts his points into Bitcoins, the Bitcoins will be sent to the wallet address he enters. Most wallets, the above three included, have a button named "Receive" or "Request". Clicking on it will generate a new address which the customer can use to receive Bitcoins to.

Where can I use it
Bitcoins can be used to instantly transfer funds from one person to another, as an investment or to pay for products. Since the Bitcoin value still fluctuates, many users choose to use Bitcoins as an investment. If a user decides at any point that he wants to exchange his Bitcoins for US Dollars, Euros, British Pounds, or any other monetary currency, he can do so on services such as Coinify. People can use Bitcoin to purchase products at merchants such as NewEgg (online electronics retailer), Expedia (online travel booking agency) or Overstock (company that sells big ticket items at lower prices due to overstocking).

How long are my Bitcoins valid?
Just like traditional currencies, Bitcoins are valid as long as there are people willing to trade them.

Who can use Bitcoins?
Every person of legal age who owns a valid email address, internet connection and a bank account is allowed to use Bitcoins.

Refunds/Cancellations
One of the advantages of using Bitcoin is that transactions are definite and only the owner of the Bitcoins can use them. This is a rule which protects both users and merchants alike from ill-intentioned chargeback cases. However, at the same time, the Bitcoin owner has a greater responsibility for making sure that he is sending the Bitcoins to the right address.