Get Paid in Bitcoin!
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
1. Get paid in bitcoin – it's the future! 2. What is bitcoin? 3. How to get started with bitcoin 4. How to use bitcoin to pay bills 5. The benefits of getting paid in bitcoin
1. Get paid in bitcoin – it's the future!
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can be used to pay for things electronically, if both parties are willing. In that sense, it's like conventional dollars, euros, or yen, which are also traded digitally. However, bitcoin's most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can't control their money.
2. What is bitcoin?
Bitcoin is a cryptocurrency that was created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto. Bitcoin is decentralized, meaning it is not subject to government or financial institution control. Bitcoin is often referred to as a digital or virtual currency. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin is held in a digital wallet and can be used to make online or in-person purchases. Bitcoin is also popular with investors and traders as a way to speculate on the future price of the cryptocurrency.
3. How to get started with bitcoin
Bitcoin is a form of decentralized digital currency, created, and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. It’s the first example of a growing category of money known as cryptocurrency. Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally. However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money. How do people get bitcoins? As payment for goods or services. Purchase bitcoins at a Bitcoin exchange. Exchanges are available all over the world, allowing users to convert any currency into and out of Bitcoin. China is currently home to many of the world’s largest Bitcoin mines. Fears of a bubble. Critics contend that bitcoin is a bubble that is sure to burst. They point to past crashes in the price of bitcoin and other cryptocurrencies. Proponents counter that bitcoin has surged in value in recent years because it is useful as a form of payment and because it is scarce.
4. How to use bitcoin to pay bills
It's easy to use bitcoin to pay bills. There are a few different ways to do it, depending on whether you're paying online or in person. To pay online, you'll need to set up a bitcoin wallet. There are a lot of different wallets to choose from, so you'll need to do some research to find one that's right for you. Once you've set up your wallet, you'll need to find a place to buy bitcoin. There are a few different exchanges that you can use, or you can find someone who's willing to sell you some bitcoin directly. Once you have some bitcoin, you can go to the website of the company that you want to pay and enter your bitcoin wallet information. The company will then send you a payment request, which you can approve. Once you've approved the payment, the company will receive the payment and you'll be done! If you're paying in person, you can use a bitcoin ATM. Bitcoin ATMs can be found in most major cities, and they work just like regular ATMs. You'll just need to enter your wallet information and the amount of bitcoin that you want to withdraw. Once you've done that, the ATM will dispense the cash and you'll be on your way!
5. The benefits of getting paid in bitcoin
Although receiving payment in Bitcoin may not be as commonplace as it is in fiat currency, there are still plenty of reasons why getting paid in Bitcoin can be advantageous. For one, transactions made in Bitcoin are irreversible, meaning that once a payment has been made, there is no going back. This can be helpful in protecting against chargebacks or fraud. Another advantage of Bitcoin is that it can be sent and received anywhere in the world, without having to go through the hassle and expense of traditional wire transfers. Bitcoin is also a more secure form of payment than traditional methods like credit cards or checks, since there is no central point of control that can be hacked or otherwise compromised. Bitcoin transactions are also pseudonymous, meaning that they cannot be easily traced back to an individual. This can be helpful for those who wish to keep their identity or personal information private. Finally, Bitcoin can be a good way to hedge against inflation, since the supply of Bitcoin is limited and the demand is only growing. This means that, over time, the value of Bitcoin is likely to increase, which can be helpful for those who receive payment in Bitcoin.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can be used to buy things electronically. In that sense, it's like conventional dollars, Euros, or yen, which are also traded digitally. However, bitcoin's most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can't control their money.
