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What is BitCoins? How to open my BitCoin Wallet Bank? How to earn free BitCoins?




What is BitCoins?
Bitcoin is a form of 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.



What makes it different from normal currencies?

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.

Who created it?

A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

Who prints it?

No one. This currency isn’t physically printed in the shadows by a central bank, unaccountable to the population, and making its own rules. Those banks can simply produce more money to cover the national debt, thus devaluing their currency.

Instead, bitcoin is created digitally, by a community of people that anyone can join. Bitcoins are ‘mined’, using computing power in a distributed network.

This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.

So you can’t churn out unlimited bitcoins?

That’s right. The bitcoin protocol – the rules that make bitcoin work – say that only 21 million bitcoins can ever be created by miners. However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called a ‘Satoshi’, after the founder of bitcoin).

What is bitcoin based on?

Conventional currency has been based on gold or silver. Theoretically, you knew that if you handed over a dollar at the bank, you could get some gold back (although this didn’t actually work in practice). But bitcoin isn’t based on gold; it’s based on mathematics.

Around the world, people are using software programs that follow a mathematical formula to produce bitcoins. The mathematical formula is freely available, so that anyone can check it.

The software is also open source, meaning that anyone can look at it to make sure that it does what it is supposed to.

What are its characteristics?

Bitcoin has several important features that set it apart from government-backed currencies.

1. It's decentralized

The bitcoin network isn’t controlled by one central authority. Every machine that mines bitcoin and processes transactions makes up a part of the network, and the machines work together. That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown – or simply decide to take people’s bitcoins away from them, as the Central European Bank decided to do in Cyprus in early 2013. And if some part of the network goes offline for some reason, the money keeps on flowing.

2. It's easy to set up

Conventional banks make you jump through hoops simply to open a bank account. Setting up merchant accounts for payment is another Kafkaesque task, beset by bureaucracy. However, you can set up a bitcoin address in seconds, no questions asked, and with no fees payable.

3. It's anonymous

Well, kind of. Users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information. However...

4. It's completely transparent

...bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain. The blockchain tells all.

If you have a publicly used bitcoin address, anyone can tell how many bitcoins are stored at that address. They just don’t know that it’s yours.

There are measures that people can take to make their activities more opaque on the bitcoin network, though, such as not using the same bitcoin addresses consistently, and not transferring lots of bitcoin to a single address.

5. Transaction fees are miniscule

Your bank may charge you a £10 fee for international transfers. Bitcoin doesn’t.

6. It’s fast

You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment.

7. It’s non-repudiable

When your bitcoins are sent, there’s no getting them back, unless the recipient returns them to you. They’re gone forever.

So, bitcoin has a lot going for it, in theory. But how does it work, in practice? Read more to find out how bitcoins are mined, what happens when a bitcoin transaction occurs, and how the network keeps track of everything.
How to open my BitCoin Wallet Bank?
Where to open your BitCoin Wallet Bank for Buy and Sell Bitcoin:

Coinbase operates one of the most popular wallets and is an simple way toopen your wallet and buy/sell bitcoin. $5 bonus on sign up. Signup and create your wallet for free by the link provided at the bottom of this page (before the list of faucet).
What are BitCoin faucets? Why?
What are bitcoin faucets?

Bitcoin faucets (it can be for any cryptocurrency) are reward systems that dispenses rewards in the form of a tiny fraction of bitcoin for visitors to claim. These rewards are dispensed at certain intervals of time.

Why bitcoin faucets?

Rewards are in place to attract visitors to the faucet’s webpage. These faucet sites usually contain advertisements. Advertisers pay the faucet owner to display these ads on his site. Advertising costs are calculated on Cost per Thousand impression (CPM) basis. This means, if the site gets more visitors and if each visitor spends more time on the site, then the site owner gets more money from displayed ads. These rewards attract more visitors and they come back regularly to claim their rewards. The visitor generally ends up spending more time on the faucet.

In simple words — Faucets get more repeated visitors to the site; in turn, the owner gets more money from the advertisers.

Faucets also play an important role in the bitcoin ecosystem. It encourages more people to understand and adopt bitcoin.
How to earn free BitCoins with this Faucet list?
Who uses bitcoin faucets?

If you understand bitcoin and how it works, then you will know in no time that the bitcoin units given away by faucets is of negligible value. You wouldn’t spend time claiming rewards on them. Majority of visitors who use these faucets and claim rewards from them are beginners, still learning about bitcoin or minors who cannot do transactions legally on any of the bitcoin exchanges.

How to use bitcoin faucets?

Using a bitcoin faucet is very simple. Once you visit the faucet webpage, you have to enter your bitcoin wallet address or the email id associated with your Xapo wallet and hit enter. A timer will start counting the amount of time you spend on the site. Once you spend a certain amount of time on the site, you can claim your reward by clicking the “Claim Now” or similar button. You will have to prove that you are a human by filling in a Captcha or by solving a simple mathematical problem, (this prevents any automated script from claiming rewards at regular intervals). That is it...! You have claimed your reward. Your reward will be credited either immediately or on a designated weekly payout day to your wallet.

Typically, faucets have a minimum time interval limit between claims by each visitor, in order to prevent one person from claiming all the available bitcoin from faucet’s wallet. This duration varies from 5 minutes to 24 hours, depending upon the faucet.

Where can I find bitcoin faucets?

You can find them here (a complete list is on Fans4Fans under this explanation) or by just searching for Bitcoin Faucet on Google or any other search engine of your choice. The number of results you get will surprise you. You will find hundreds of bitcoin faucets to choose from, go ahead, explore and earn a few satoshis while at it. (1 Satoshi = 0.00000001 BTC i.e. hundredth of a millionth BTC).
Where i receive the BitCoins from this Faucet list?
You receive BitCoins on FaucetBOX.com

For receive BitCoins from our faucet list you have to go on FaucetBOX.com.

FaucetBOX.com is a middleman between you and faucets you use. That allows you to collect coins from faucets you use (unless they use FaucetBOX.com) to a single place and payout them in bulk. With FaucetBOX you can:

1) reach payout limit faster
2) reduce clutter in your wallet
3) omit transaction fees
4) control when you want to payout by setting your own payout threshold on address check page.
Where is my wallet address on CoinBase?
You receive BitCoins on FaucetBOX.com

You can find your wallet address by navigating to the Advanced menu by clicking the drop-down arrow next to your name, located near the top right corner of any page of CoinBase.

You'll see that you may have multiple addresses associated with your account - you can use any of these addresses for receiving bitcoin. Don't be alarmed if you see addresses that you don't remember creating - we automatically generate a new address for every transaction and whenever we move funds between your wallet and our cold storage system.


Instructions

Receive free bitcoins by using our Bitcoin Faucet below. You can get up to 10 000 free satoshis every 5 minutes.

Follow this simple instructions and start to earn your free BitCoins:

  • 1 STEP: For receive BitCoins you need a wallet. Use your existing bitcoin wallet or get a free wallet HERE

  • 2 STEP: When you complete a faucet you receive the bitcoins on FaucetBox.com. You can wilthdraw the BitCoins when you have 13000 satoshi. Go HERE,insert in the box your BitCoin wallet address (it's alphanumerical. For example in our case is: 1MF2UdbFFw4A6teeSny8nKtzxf3A5v7b5C) and click on the button "Check".

  • 3 STEP: Now it's the time for start to earn free BitCoins! Follow the list below, click on any link and make the task which require any link. For example after you click on one of this links, you have to insert your wallet address, you have to complete the captcha and if present you have to make the "anti-bot". After you make the tasks which the link require, you can click on the button for receive the free BitCoins! It's very SIMPLE and you can start to earn BitCoins very fast and easily! Good work!

Faucet List of Great Links
(click on one link at time and make the task one at time).

We have set up this page for fellow Bitcoin enthusiasts to help you earn free Bitcoins.
BitCoins can easily be withdrawn through a number of online exchanges. Bookmark this page (Ctrl+D) and visit often to see new opportunities!

What are Faucets? These sites pay you in Bitcoins just to visit them mostly once every tot minutes and entering your wallet address. NO STRINGS ATTACHED!!! We have earned from faucet site more than any other program. If you love free Bit coins, you MUST try faucets.

If you like this page and would like to make a small donation to appreciate it, you are most welcome
Please send any donations by this page: www.coinbase.com/gagpubblicita

Here are few bitcoin faucet you can explore (we update daily this list - we short the links with shorte.st CoinURL (CoinURL is a scam service and don't pay! Block when you request payout! Pay attention!) service and you have to click on button "Skip AD" for visit the websites):

PLAY THIS GAME ON YOUR CELLULAR AND EARN REAL BITCOIN! TESTED AND WORK! PAY EVERY 20000 SATOSHI!






BLACK LIST - list of scam websites

  • 01) CoinURL (SCAM WEBSITE) - Don't pay and ban your account when you receive the total for request first payout!

  • 02) BitVisitor (GHOST WEBSITE) - It's a ghost website. Pay first time and after go in invisible mode with all your revenue!





LATEST UPDATE: 2018-11-21 02:54:20
List updated daily... continue to visit this page for more free Faucets!

Do you have a valid and secure faucet which offer great revenue and you want added your faucet in this list? Contact us HERE!

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