Bitcoin, Altcoins and Cryptocurrency Introduction

What is cryptocurrency?

Cryptocurrency is basically digital money. Yes it’s much more complicated behind the scenes of course… cryptocurrency is securely encrypted (safe) and just as importantly it is decentralized, which means no one controls the money except the owner of the virtual wallet.

What is Bitcoin?

The grand daddy and first cryptocurrency. Despite the “coin” in the name Bitcoin is a digital encrypted currency that is stored virtually in wallets. Bitcoin was created in 2009 by an anonymous programmer named Satoshi Nakamoto in response to the 2009 worldwide financial crisis.

How do I get Bitcoin for free?

By far the easiest and quickest way to get free bitcoin is to download and sign up on the Coinbase mobile application. No hassle, no gimmicks just quick and easy FREE CRYPTOCURRENCY by signing up at COINBASE CRYPTOCURRENCY EXCHANGE.

What is a Bitcoin wallet?

Since Bitcoin is not a physical currency, your Bitcoins are stored in a software wallet or an offline cold storage. Basically Bitcoin has two keys: A public key (also known as a Bitcoin address) and a set of private key words known only to the owner of the wallet. A cold storage wallet can be as simple as a piece of paper (not recommended) with your private keys and Bitcoin address written on it. A better solution is usually an app wallet on your phone or computer. There are two Android app wallets I recommend for keeping your Bitcoins and other cryptocurrency in:

1. Unstoppable
2. Mycelium

Both of these are Android applications are FREE!

What is a Bitcoin faucet?

Is using a Bitcoin faucet website free?

A Bitcoin faucet is a website that gives their users small amounts of FREE BITCOIN when they sign up and use the website in various ways like clicking ads or playing a Bitcoin lottery game. Yes joining and using Bitcoin faucet websites is FREE.

What is a cryptocurrency airdrop?

If you ever see an unexpected increase in your cryptocurrency wallet you have probably gotten an airdrop. Cryptocurrency airdros can happen in a lot of ways but usually it happens when new cryptocurrency is introduced, a cryptocurrency split or a cryptocurrency exchange giveaway. Regardless airdrops are FREE CRYPTOCURRENCY.

topics: bitcoin etherium litecoin altcoin dogecoin faucet airdrop mining exchange

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