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Bitcoin Guide for Newbies by uwelang

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· @uwelang ·
Bitcoin Guide for Newbies
<h4><strong>How To Get Started with Bitcoins and digital currencies - Trying to write a Bitcoin guideline for Newbies</strong></h4>
&nbsp;
<img class="wp-image-327 size-full" src="http://communicationsfuture.com/wp-content/uploads/2016/12/bitcoin.jpg" alt="bitcoin guide" width="1024" height="682" /> Photo Source: Pixabay

<strong> </strong>

A beginner’s guide (this is how I started with digital currency) in progress. **This explains my personal experience and is no general guide how to be successful in that area.** How you get these bitcoins or any digital currency out there is probably one of the most frequent questions by new users. It can be confusing I know – PayPal, credit card, SEPA – how you get these coins on board only?
<h2><strong>Step 1. Create a Bitcoin wallet.</strong></h2>
A bitcoin wallet is website or program which you can use to hold store bitcoins and make transactions. This website offers a free wallet service, sign up takes a few seconds and all you need is a password. There are several options out there, I decided to open my wallet at <a href="https://www.coinbase.com/join/uwelang">Coinbase</a> which is kind of established.

<a href="https://www.coinbase.com/join/uwelang"><img class="size-full wp-image-328" src="http://communicationsfuture.com/wp-content/uploads/2016/12/Screen-Shot-2016-12-22-at-21.21.07.png" alt="Bitcoin Guide" width="1256" height="524" /></a> 
<h2><strong>Step 2. Locate Your Bitcoin Address.</strong></h2>
On the Coinbase website go to <strong>Accounts </strong>- BTC Wallet. Click on the "<strong>Get bitcoin address</strong>"

Your Bitcoin address would look something like this "187bWt3dHq2oxahvN8sf2bgJaU1Q5XoCGx" usually starting with “1”. This address is all you need to receive payments.

&nbsp;
<h2><strong>Step 3. Buy Bitcoins</strong></h2>
There are a number of bitcoin buying options across the world. Here it depends mainly on where you live how to move forward. I thought I could just buy via PayPal but that was naive thinking as PayPal and CryptoCurrency live in different worlds – so forget that idea. Usually you have the option of buying via credit card or bank transfer, there are a lot of local providers. I live in Germany and I found it hard to find an option where you do not have to pay tons of fees. I found Anycoin which offered the most variety for me with low fees.

<a href="https://anycoindirect.eu/en/buy/bitcoins?discref=08f986f4-9d09-4b9f-b69a-e29127d38e29"><img class="size-full wp-image-329" src="http://communicationsfuture.com/wp-content/uploads/2016/12/Screen-Shot-2016-12-22-at-21.23.48.png" alt="Bitcoin Guide" width="1269" height="717" /></a>
<h2></h2>
<h2><strong>Step 4. Decide what you want to achieve (Free – Mine – Invest – Specialize)</strong></h2>
This might be the most important point. If you are patient and just get started you might try free sources to get Bitcoins, or you try to mine Bitcoins which is a long-termed process but more profitable as interest rates of the usual banks. You can also invest in programs but be careful where you invest. In addition you can also use revenue share systems or other rewarding programs that are linked to Bitcoins or digital currency. The following ones are tested by myself and they pay but it is up to every individual to decide which route they go especially when it comes to investing and mining. Do your research before you join anything.
<h3><strong>A) Free Bitcoins:</strong></h3>
As newbie you might wanna start carefully collecting Bitcoins or Satoshis for free. This is time consuming but relatively safe – in the following some free sources I personally use where you can slowly earn towards your Bitcoin wallet.
<ol>
 	<li><a href="http://epay.info/rotator/1607182">http://epay.info/rotator/1607182</a> (epay is a cache for small faucets. This allows you to collect coins from faucets and get them in a big payout. The best ones within epay are the following):
<ul>
 	<li><a href="http://timeforbitco.in/214155">http://timeforbitco.in/214155</a></li>
 	<li><a href="http://sunbtc.space/167295">http://sunbtc.space/167295</a></li>
 	<li><a href="http://chronox.co.in/233402">http://chronox.co.in/233402</a></li>
 	<li><a href="http://weatherx.co.in/149886">http://weatherx.co.in/149886</a></li>
 	<li><a href="http://avabitcoin.pw/?r=1D9d2ibzBZwRxa71KCyGtjfoux8EbsG5Xy">http://avabitcoin.pw/?r=1D9d2ibzBZwRxa71KCyGtjfoux8EbsG5Xy</a></li>
</ul>
</li>
 	<li><a href="http://bonusbitcoin.co/?ref=B45F1E57AABA">http://bonusbitcoin.co/?ref=B45F1E57AABA </a>(paying, withdrawal minimum 10,000 Satoshi)</li>
 	<li><a href="http://peoplebtc.net/?ui=139552">http://peoplebtc.net/?ui=139552</a> (minimum withdrawl 500,000 Satoshi – one of the fastest free sites and therefore probably Scam - final testing ongoing)</li>
</ol>
<h3></h3>
<h3></h3>
<h3>B) <strong>Mining Bitcoins (join for free – you can also invest to earn more, the following ones are paying):</strong></h3>
<a href="https://www.eobot.com/user/541779">https://www.eobot.com/user/541779</a>

<a href="http://moonbit.co.in/?ref=01e4ba860837">http://moonbit.co.in/?ref=01e4ba860837</a>

<a href="http://moonliteco.in/?ref=5977f1cf3620">http://moonliteco.in/?ref=5977f1cf3620</a>

<a href="http://moondoge.co.in/?ref=34c39d2a095a">http://moondoge.co.in/?ref=34c39d2a095a</a>

<a href="https://hasheer.com/r/qpwm8l">https://hasheer.com/r/qpwm8l</a>

<a href="https://onehasher.com/?r=UwesCommsFuture">https://onehasher.com/?r=UwesCommsFuture</a>

&nbsp;
<h3><strong>C) Investing in Bitcoins</strong></h3>
You will discover on the internet thousands of sites and programmes that want you to invest. Be careful, a lot are HYIP and only work for a certain period of time. HYIP it is an abbreviation from High Yield Investment Program, they accumulate a capital from contributions of conventional Internet users. For use investors deposit, HYIPs are paid an interest from deposit, based on the investment plans. Feature of HYIP is that, interest is accrued on a daily basis (sometimes hourly, weekly or monthly). Percentage of interest can range from 0.5% to 10% daily! But, the best and safest option is 1-3% per day, it is 30-90% per month (more than annual interest in bank). Usually minimum contribution in HYIPs is between 1 and 20 dollars. I will not post systems here I think will work forever. Everyone needs to find out what they are able to lose before investing. You can earn a lot – you can also lose a lot. I am happy to give you my personal current favorites if you comment below and tell me how I can contact you
<h3>D) Use revenue systems where you can pay and earn with Bitcoins</h3>
On revenue sharing sites, you can receive higher income than on simple PTC sites. On these sites, you have the chance to buy Ad Packs. Buying Ad Packs goes with advantages. On the one hand you get ad credits, with the help of these can promote your website, referral links and referral banners.

On the other hand, buying Ad Packs is an investment. This investment brings you profit. The measurement of the profit is different on every revenue sharing site. There are sites, where the profit 10% while there are others, where it is over 50%.

But you never know how risky they are – I personally am active on a system I might introduce here soon. 
<h3>That is it for now – more to come – please let me know any thoughts, feedback and questions below.</h3>

Read the original article on my own blog:
[CommunicationsFuture](http://communicationsfuture.com/2016/12/bitcoin-guide/)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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@ajaub1962 ·
Well done :-)
👍  
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@uwelang ·
Thanks @ajaub1962
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@cheetah ·
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://communicationsfuture.com/2016/12/bitcoin-guide/
👍  ,
👎  
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@uwelang ·
That is awesome because this is my personal blog i linked the post to 😁👍🏼 Mister or Misses Robot @cheetah
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@happyphoenix ·
Sorry, just give one correction. Eobot is cloud mining.
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@uwelang ·
did I say it would not be @happyphoenix ?
👍  
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@happyphoenix ·
Sorry, I mean join eobot is not mining bitcoin directly. We use third party, that's call cloud mining. You can add genesismining, hasnest, bw and hashflare, these site provide real cloud mining.
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@hilarski ·
Love my Bitcoin and most of the Crypto Currency community. Currently I hold Bitcoin and Steem. I am also working with a crypto project launching soon. 2017 is going to be amazing.
👍  
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@uwelang ·
Sounds exciting - I currently hol Bitcoin and some other coins, another area I am trying and failing but it is fun as long as you are aware about your limits - Thanks @hilarski - comment appreciated
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@manfredpirck ·
Cloud Mining? For Newbies? I would be very cautious about it. Too many fraudulent sites involved. Has anybody earned ever money with this kind of investment?
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@uwelang ·
I am currently only doing cloud mining for free or collect free coins there that work for me. Many fraudulent sites around for investment in particular or HYIP. What are your suggestions for digital currency newbies @manfredpirck  ?
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@manfredpirck ·
Wow, how is it possible to get something for free. Where´s the catch?
Any site that really works?
Suggestions for newbies: some historical information - where/how it began, an all-time chart so that people can see how it developed (including the hypes/bubbles), the possible future developments, some terminology/technical background
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@playfulfoodie ·
A nice read! Not too lenghty and explained well. I've bookmarked it for when I'm diving deeper into everything about Bitcoins :D
Thank you for sharing!
👍  
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@uwelang ·
Thanks so much for the nice words @playfulfoodie - if you have any questions feel free to ask - we all can learn and benefit from each other i hope!
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@tzimis ·
good post.
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@uwelang ·
Thanks @tzimis - much appreciated!
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@uwelang · (edited)
Following @manfredpirck comments (we did the 5 comments tree already) I personally would be very  interested to hear thoughts by bitcoin experts like @hilarski - especially how they started, think there is no system fitting for every individual, some take more risk some always want a safe program
👍  ,
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