Things That Newbie Should Do in BitCoin

Things That Newbie Should Do in BitCoin

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If you are still a newbie in BitCoin, then you have to understand all of the stuff that you need to knows to get safest transaction and saving. If you still don’t understand how BitCoin works, here we have a simple explanation. Well, BitCoin is virtual currency that everyone has known for long as it’s been viral in 2012 around the world. The first appearance of BitCoin was at 2009, and it is finally viral in 2012 around the world including Asian countries. The best thing that no other conventional bank has in money saving is that BitCoin does not need the third party to do the transaction. It uses peer to peer networks without centralized saving or single administrator. BitCoin does not depend on no one because no one controls BitCoin and no one has a right to control because it runs well. The first thing you have to know when you use BitCoin that it uses cryptography to ensure the safety basis. It is to make sure that the users that have BitCoin that can use it only. Now, everyone around the world has known about BitCoin and interested to join. There have been many countries that accept BitCoin, but there are some countries that ban BitCoin because it has a risk of stability in finance. If you are a newbie, here are things you need to follow to get your BitCoin account bigger and fantastic.

Use Faucet

If you don’t have any balance in your digital wallet, you have to use Faucet. It is the web that can give you BitCoin for free. You just need to submit the address of BitCoin and captcha, and you will get that. Some websites can give every hour, but some of them also can give once for a day. There are many websites of BitCoin faucet you can use for free. You just need to ensure that you can get it for free but it should be legal based on BitCoin terms and conditions. The faucet is the best place that newbie can get their BitCoin for free, and you don’t need to worry about the legality. You just need to ensure that you are not spamming for getting free BitCoin.

Save it well

When you already have BitCoin in your wallet, you have to save it well. The digital wallet is not a bank, and you control it, and you save by yourself because it is not same as a bank that can help to save. When you lost your digital wallet, it means that your BitCoin is gone. That is why it is so essential to keep it good in the wallet. You can save it offline to your local storage in the computer, and you also can save it in the digital cloud. Make sure that you make the good password because there is always the risk of losing your precious balance. There have been so many problems happen in saving BitCoin. There are some hackers that can access the private key and steal the BitCoin. That is why you have to make it secured and safety.