How to use Bitcoin?

- May 10, 2018-



Introduction To BitCoins:

This is an Online currency that would be the equivalent of Western Union or MoneyGram in the sense it is the primary way Internet uses make untraceable, untrackable, anonymous payments and purchases.

One can buy BitCoin Online using real money very easily, send them to another Person/Business who then can convert the BitCoins back into real money. It is 100% legal to purchase BitCoins and even the most popular stores are begining to accept them, but where you spend them once bought it completely untraceable! Large Companies already accepting BitCoin includes Amazon, Fiverr, WordPress and many hundreds of others:

Great -- So How Do I Get Them?

As you can see above BitCoins are a rapidly growing Currency with thousands of Stores accepting them already, but how do you get them and spend them? This is a process with many vendors offering many solutions and because there are so many different ways to acquire BitCoins it can be quite hard finding the most straight-foreward method.

Championraws have investigated all the different services and Websites and have found the most simple and fast way; it is with a Company called CoinBase. Please see the Guide below:

Sign up for Coinbase
This first step is to sign up for a Coinbase account. This is fast and easy and allows you to store, buy and sell BitCoins instantly.

Sign up here ?

Connect A Bank Account
After you sign up you can connect your bank account as you would with Paypal, this allows you to instantly transfer funds in and out of BitCoins directly to your Bank Account.

Add A Bank Account ?
Buy and Sell Bitcoin
After starting your first purchase, CoinBase will complete your buy and put the BitCoins in your CoinBase account. From here you are ready to use your BitCoins and whatever you don't use can be sold back to CoinBase and immediately be recredited to your Bank Account!

Buy Bitcoin ?

When you place an Order with the Championraws BitCoin Order form if you have a CoinBase account you can instantly send the funds so once the above is all set up, Orders can be placed as fast as when using Credit/Debit Cards or Paypal!


Bitcoin calculator online >

About Bitcoin:

Bitcoin (English equivalent to "digital coin") is a digital currency, at the same time the name of the decentralized booking system used worldwide and the simplifying name of a cryptographically legitimated assignment of labor or computational effort. Transfers are handled by an aggregation of computers over the Internet using a special peer-to-peer application, so that unlike traditional banking, no central clearinghouse is needed. Proof of ownership of Bitcoin can be stored in a personal digital wallet. The conversion rate of Bitcoin into other means of payment is determined by supply and demand. 

The Bitcoin payment system was first described in 2008 in a document published under the pseudonym Satoshi Nakamoto. The following year, an open source reference software was released. The Bitcoin network is based on a decentralized database (the blockchain) managed by the participants together with the help of Bitcoin software , in which all transactions are recorded. The only condition for participation is the operation of a Bitcoin client; Alternatively one of the online services can be used (eg for mobile devices). As a result, the Bitcoin system is not geographically restricted  Internet access is sufficient and can be used across borders.

Using cryptographic techniques ensures that transactions with Bitcoins made only by the owner and the monetary units can not be issued multiple times. Therefore, Bitcoin is also called a cryptocurrency, although currency usually refers to the means of payment issued by states. In German-language media, the term Kryptogeld is also used. 

Additional currency units are created by the solution of cryptographic tasks, the so called mining (mining). This process, which today is predominantly used for commercial purposes, is very compute-intensive even with special hardware and now consumes such large amounts of electrical energy that it has therefore come under criticism from society. Electricity consumption is estimated at around 130 TWh in 2018, which roughly corresponds to the electricity consumption of Argentina.

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