I want to earn Bitcoin .how should I start?

Bitcoin was the first decentralized digital currency, also called cryptocurrency. It works like cash or gold that can be transferred on the internet across the globe. You can transfer money as easily as sending an email.

This means that you can send money person-to-person without a middleman or involvement of any third party. In other words, you avoid expensive fees and long waiting times as at the bank.

We can briefly describe Bitcoin as follows: Bitcoin is an independent, global, and public ledger used to transfer and store value.

Visit here to exchange Bitcoin to Ethereum

Get Started with Bitcoin (4 Steps)

It’s easier than many think with Bitcoin. But since it’s about your money it can feel safe with guidance. Here are four steps to start using Bitcoin today:

Step 1: Create a Bitcoin Wallet

Step 2: Get Your First Bitcoin

Step 3: Secure Your Bitcoins

Step 4: Send and Receive Bitcoin

1. Get a Bitcoin Wallet

A Bitcoin wallet is needed to receive and send bitcoins. It’s easy to create a Bitcoin wallet, but there are many different types with various security.

With Bitcoin, you have a private and public key that you keep in a wallet. Simply explained your public key acts as your email address and your private key as your password.

This means you need to protect your private key and not show it to anyone. That’s why you need a secure Bitcoin wallet.

If you want to buy Bitcoin for a smaller amount, you can use an online wallet. That is automatically created when you open an account at a Bitcoin exchange. We help you choose a secure Bitcoin exchange.

2. Get Your First Bitcoin

You can get Bitcoin in three different ways. The most common and usually easiest is to buy Bitcoin on a marketplace. But you can also sell a product or service in exchange for Bitcoin.

The third way is to earn Bitcoin through Bitcoin Mining. Then you install software on your computer to verify transactions and get rewarded with Bitcoin. However, it’s hard to make money with mining, and it requires great knowledge and a lot of resources.

We recommend that you buy your first Bitcoin on a trustworthy exchange. There are many places to choose from, but not everyone is safe and reliable.

3. Secure Your Bitcoins

Have you bought a Bitcoin? If the answer is no, scroll up! If the answer is yes, congratulations! Welcome to the future financial world where you can be your own bank.

The next step is to secure your Bitcoin by taking control of your private keys. Now you need a secure Bitcoin wallet that we helped you with in the first step.

When you buy Bitcoin on an exchange, the money (private key) is kept in your account at the exchange. This is risky as the company stores and controls your Bitcoin.

The whole purpose of Bitcoin is to control and protect your own money. If you keep your Bitcoin on an exchange, your account may be restricted or blocked. In the worst case, you lose your Bitcoin if the company goes bankrupt.

4. Send and Receive Bitcoin

The easiest way to learn about Bitcoin is to use Bitcoin. Therefore, you should make at least one Bitcoin transaction. We recommend that you send Bitcoin between two of your own wallets to learn how to send and receive Bitcoin.

You will learn this if you buy Bitcoin at an exchange and transfer them to your private Bitcoin wallet. To receive Bitcoin, you only need to share your public Bitcoin address. It consists of code between 27-34 letters and numbers. The address can look like this:

31Uw6L6RiIcdQgPqBkvIofH6CQ7wnMjxC

Your private key looks similar but is shorter. Be sure to never share your private key! Most wallets create QR codes of the keys, to make it easier to send and receive Bitcoin.

A Bitcoin can be divided into one-hundredth of a million (0.00000001), also called a satoshi. When to transfer Bitcoin, the wallet usually recommends a transaction fee which varies depending on the market. The higher the fee, the faster the transaction is completed.