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Free Bitcoin Faucet, Win Free Bitcoins every 15 minutes!giventooneunitofthevirtualcurrency,canbedividedfurtherintosubunits(similartocentsandpennies),thesmallestofwhichisreferredtoasasatoshi(onehundredmillionthofabitcoin).Thebitcoinprotocolandreferencesoftware(freeandopen-source),whichworksonanycomputerorsmartphone,wasdevelopedfromtheonethathadbeenintroducedin2008bypseudonymousinventorknownasSatoshiNakamoto.Thecurrencyissecuredbycryptographytherebymakingitimpossibletoduplicate.Tobeginusingbitcoin,ausercansign-upforafreeaccountwithanyofthebitcoinwalletproviders(Blockchain.comandCoinbasearethepopularones).Oncesignedup,aunique34-characteraddress(acombinationoflettersandnumbers)isassignedtotheuser.Alternatively,forbettersecurity,ausercandownloadanappropriatewalletandstorethebitcoinsoffline(socalledcoldstore).Alltransactionsbetweenthebitcoinusersareverifiedbynetworknodesandrecordedinopensharedledgerreferredtoastheblockchain.Arecordofeachtransactionisshowninthelogoftheuseraswell.Thus,atransactioncommencesonlyifthereisspendablebalanceinthewallet.Thebitcoinpaymentsystemusesaseedoraprivatekeytopreventthievesfromstealingthecoinsfromthewalletsandtopreventlossorduplicationofthecoinsintheblockchain.Theprocessofconfirmingthetransactions(usuallybeginsin10minutes)orreBTCEarn - Free Bitcoin Faucet, Win Free Bitcoins every 15 minutes!cord-keepingserviceiscalledmining.Thecomputersinvolvedinsuchaprocessarecalledthenetworknodes.Thereisacapof21millionbitcoinsthatwouldbeevercreated(throughrewardfortheminingprocess).Therateofcreationhalveseveryfouryearsuntilthecapisreached.Therearefourwaysofacquiringbitcoins:Miningprocess.Sellgoodsorservicesforbitcoin.Publicexchangesandbrokers(Bitfinex,Poloniex,Huobi,etc.)Exchangeservices(SuperChange,CoinMama,ALFAcashier,etc.)Advantesoverotherformsofpaymentsystems:Nogovernmentorcentralbankhasdirectcontrol.Allotherpaymentsystems(Neteller,WebMoney,Skrill,PayPal,etc.)aredirectlyinfluencedbythedecisionsofgovernments.TheclosedownofLibertyReserveisawell-knownexample.Noobligatoryusefees.Feesareoptionalandarepaidbythesendingpartytospeeduptransactionconfirmation.Allcentralizedpaymentsystemschargeafixedpercenteofthetransactionvalueasaservicecommission.Totallyanonymous.Transactionsthroughanyotherpaymentprocessorcanbeeasilytraced.Noidentitytheft.Identityverificationismostlyamustforotherformsofpaymentsystems.Conversiontofiatcurrenciesispossibleinatransparentmannerthroughexchanges.Incaseofotherelectronicpaymentsystems,theserviceoperatordeterminestheconversionrate.Bitcoindoesnotfacetheissueofcounterfeitordeliberatedevaluation.Disadvantes:Priceishighlyvolatile.Amovementof10%ormoreainsttheUSdollarinasingledayisnotuncommon.Limitedsupplyandliquidity.Facilitatesillegalactivitiesbecauseofanonymity.TheundergroundwebsiteSilkRoad,takendownbyFBI,isaclassicexample.Highlysusceptibletorumors.HerearesomepicksfromthelistoftheForexbrokersworkingwithBitcoin:FXGloryEXNESSIQOptionFXOpen Didyouknow?AlthoughtheofficialtradingsymbolacronymforBitcoinaccordingtoISO4217isXBT,themostwidelyusedsymbolisBTC.Thus,thecommonnamesforcurrencypairsareBTC/USD,BTC/EUR,BTC/JPY,andsoon.Youmayalsowanttoconsiderapossibilityofgettingalmostpassiveincomethroughmarginlendinginvestment.ToopenaBitcoinwallet,pleasevisitBitcoin.org.SubscribetothenewsletterWe’llsendyouourmonthlynewsletterwhichisfullystockedwithfreeresourceslikearticles,videos,podcasts,rewardideas,andanythingelsewecanthinkoftohelpyoumakeyourtradingknowledgeawesome.SubscribetoournewsletterAdvertisements— Tradesmarter:TradingView,MT4,MT5.Forex—theforeignexchangemarket(alsoknownasFOREXorFX)isthebiggestandthemostliquidfinancialmarketintheworld.Itboastsadailyvolumeofmorethan$7.5trillion.TrBTCEarn - 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