" " Cryptocurrency earn a beginner

Saturday, February 13, 2021

Bitcoin: Digital money and advanced technology

 The technology, which combines independence, anonymity and security, appeared in late 2008. The mysterious Satoshi Nakamoto presented the blockchain to the world, and with it the project of a digital currency that is inextricably linked with this technology. In January of the following year, the first version of the bitcoin wallet appeared and the launch of a cryptographic payment system was organized.



The creation of the first cryptocurrency divided the world into two

History of Cryptocurrency

 By market capitalization, Bitcoin is the largest cryptocurrency. For many people, PTS is synonymous with the word "cryptocurrency". However, the history of virtual money is something more than the history of just one coin.


With the development of information technologies, it becomes possible

Cryptocurrency Storage

 Many cryptocurrency owners prefer to store it on the exchange. Since modern exchanges support a large number of altcoins, this method of storage is quite convenient. However, this method of storage has one significant drawback — you have to trust the funds to a third party.



With the development of the cryptocurrency market,

Mining Bitcoin

 In addition to buying, digital money can be obtained through mining. However, every year this process becomes more complex and energy-intensive. For mining, the user will need special equipment-computers with a powerful video card. In the early stages of the new cryptocurrency, mining is possible on small PCs, but as it develops, more and more power is required.

Cryptocurrency Exchange

 In the script exchange, you can buy currency at the rate that is set on the main exchanges. In addition to the basic cost, the exchangers take an additional payment, thanks to which they exist. The commission can vary from 2 to 10 %. On the stock exchange, it is 0.5-1 %.

All exchangers work according to a certain schedule. They are usually closed at night.

You can buy a limited amount of currency in the exchange. Moreover, a limited number of Bitcoins or Ethers can still be purchased almost at any time, other popular coins may not be at all.

In most cases, exchanges do not have a powerful system of protection against hackers.

Buying cryptocurrency through a wallet

 Almost every crypto wallet has an exchange function. If the wallet is multi-currency, then you can easily exchange fiat money inside it not only for bitcoins, but also for any other cryptocurrency supported by it. To do this, you only need to enter the currency to be exchanged (euros, dollars, rubles), the payment method (bank card or e-wallet) and the transaction amount in the "Exchange"section. The cryptocurrency will appear on the account in just a few seconds.