Bitcoin is a cryptocurrency (Virtual Money) and is a payment system introduce in 2009 by Satoshi Nakamoto. This is a peer-to-sync system that does not involve the buyer and the seller. You pay directly to other person in any other country without any bank account or transaction mode in any other country. Now you have to think that on earth we will verify these transactions. Well, it can be created and sent by some unique network nodes (data communication equipment). All transactions are listed in a publicly distributed ledger called Block Chain so that no one can scam you.
Bitcoin Wallet.
First of all you need bitcoins vault to send and receive Bitcoins. It's very easy and all you need is a working email account. From this link, visit the BlockChain website and click on the wallet link. Then you'll see another page where you have to enter your working email address and password. So your account has been created and now I recommend you confirm your email and mobile so that you can get notifications about your account.
Sending And Receiving Of Bitcoins.
Every Walt has unique code that is used for transactions on the internet. As you want to get Bitcoin from another person, so you need to provide this code, you can get by clicking the link above your account. The code looks like this (1LxxDWk1iBvT9jMYVYZFtHKiswUT6sCvfY) and is unique for each body. Similarly, you need a code if you want to send Bitcoin to another person.
Mining Bitcoin.
So if you want to Mine BitCoins for yourself, you need a powerful computer or server that can handle complicated actions. For this you need to download and run Bitcoin Mining Software for 24/7. If you do not even want to do so, you have another option that is Cloud Bitcoin Mining. In this way, you spend money on any web site that offers cloud mining and will work for you. When you earn money on daily, monthly and annual basis, then sit and relax.
Earn Free Bitcoins.
If you want to earn Free Bitcoins for yourself then you should register to Captcha entry websites such as Btcclicks.com and Freebitco.In. So by doing so you won't get large amount of coins but its good then having nothing at all.
Buying and Selling Bitcoins.
The best web site to buy and sell BitCoins in Pakistan is that the LocalBitCoins is very reliable and available anywhere in the world. For this you need to sign up for an account that is free to open and run the course. Verify your account email and go to the page where you need to fill the amount you want to spend and in the area where you are located. After clicking on the Search button, it will show you results for buying Bitcoins online.
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