Bitcoin is a cryptocurrency(virtual money) and a payment system invented by Satoshi Nakamoto in 2009. This is a is a peer-to-peer system which means no one in involved between buyer and seller. You pay directly to other people anywhere in the world without the need to have any bank account or transaction mode. Now you must be thinking how on earth we will verify these transactions. Well, this is done by some unique network nodes(data communications equipment) which can create, send and receive information. All transactions are recorded in a public distributed ledger called the blockchain so that no one can scam you.
Create BitCoin Wallet for Free
First of all you need BitCoin Wallet in order to send and receive bitcoins. This is very easy and all you need is active email account. Visit BlockChain website from this link and click on Wallet link. After that you will see another page where you just have to enter your working email address and password. That’s why your account is created and now I recommend you to verify your email and mobile so that you can receive notifications about your account.
How to Send and Receive Bitcoins
Every Wallet has unique code which is used to done transactions on internet. Like if you want to receive Bitcoin from any other person you need to provide it this code you you can obtain by clicking on the Receive link located at the top of your account. The code looks like this (1LxxDWk1iBvT9jMYVYZFtHKiswUT6sCvfY) and if unique to every body. Similarly you need to have this code if you want to send bitcoin to other person.
Mine Bitcoins for Your Self
So if you want to Mine BitCoins for your self than you need a powerful computer or server which can handle complex operations. For this you need to download and run the Bitcoin mining software for 24/7. If you don’t want to do this than you have another option which is called cloud bitcoin mining. In this method you invest money in any website which offer cloud mining and they will do the job for you. You sit and relax while they earn money for you on daily, Monthly and yearly basis.
The best website to buy and sell BitCoins in Pakistan or any where in the world is Localbitcoins which is very reliable and trustworthy. For this you need to signup for an account which is of course free to open and operate. Verify your account email and go to the main page where you need to fill in the amount you want to spend and area where you are located. After clicking on the search button it will show you the Results for buying bitcoins online.