How to buy bitcoins with paypal

BC changer

Bitcoins to PayPal®

Currently, the safest, fastest and easiest way to purchase Bitcoins is by using coinusb.com/ PayPal is accepted.

This site enables you to convert your extra Bitcions to PayPal® credit directly with other members. We do will not buy your Bitcoins using PayPal® like other exchanges do, rather we act as an exchange where you can list your Bitcoins for sale in a sell order, specifying PayPal® as a preferred payment method.

Selling your bitcoins using PayPal® isn't difficult. However sellers should be aware that PayPal carries a chargeback risk, and it would therefore be wise to mitigate these risks whereever possible by knowing who the buyer is. Check their bcchanger profile to see what and if any feedback they have. Also there are various PayPal strategies and recommendations that will mitigate or even eliminate chargeback risks, these can be found on the web.

When selling Bitcions for PayPal® credit we always recommend that the seller receives PayPal funds before transfering Bitcoins to the seller. During pre-sale communication we recommend you communicate to the buyer how long you will hold the Bitcoins after receiving PayPal credit. Holding the Bitcoins for a period will reduce chargeback risks.

Unlike other bitcoin exchanges we don't purchase bitcoins directly, nor do we sell bitcoins. What we offer is a service that connects individual buyers and sellers who initiate their own transactions. We do however maintain feedback records for Bitcoin sellers so you can choose who to transact with.

bcchanger is a free and convenient way of converting bitcons to PayPal® directly with other members, which is what Bitcoins are all about.

It's easy to get started, simply post a buy or sell ad. There's no passwords, logins, or verification procedures.

BC changer

Currently, the safest, fastest and easiest way to purchase Bitcoins is by using coinmama.com Western Union & MoneyGram accepted.

This is a breif overview of how to buy Bitcoins using PayPal® credit.

Most major Bitcoin exchanges do not allow funding through Paypal. I'm yet to find anywhere that reliably sells Bitcoins using PayPal®. This is largely due to repeated cases where someone pays for Bitcoins with Paypal®, receives Bitcoins then fraudulently complains to Paypal® or their credit card company that they never received the goods. All too often Paypal sides with the fraudulent buyer, understandably most Bitcoin exchanges will no longer allow this method of funding due to the high risk of fraud.

While fraudulent PayPal® transactions may occur, there is also another major reason selling Bitcoins via PayPal® is not widespread. Some Bitcoin sellers have had their PayPal accounts frozen by PayPal®. From what we understand PayPal has taken this action because they consider Bitcoin to be a "ecurrency" (e.g. similar to PayPal), and depending on which PayPal® department you speak to is against PayPal's policy to sell other e-currencies using PayPal. According to coinpal's founder "Someone inside PayPal specifically decided that Bitcoin was a big enough risk that it should be prohibited". PayPal frowns upon alternative currencies.

Buying Bitcoins from individuals using PayPal® is still possible, but requires mutual trust. We encourage Bitcoin sellers to limit PayPal transactions to trusted bcchanger.com buyers only, sellers should be aware of the buyer's feedback scores before accepting PayPal® transactions.

How To Buy Bitcoins With PayPal, Credit Card

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Ever wondered how can you purchase some bitcoins with Paypal, Credit Card, UKASH, Paysafe Card, Money Bookers, Sofort banking or Neteller  etc. As you know, major Bitcoin exchanges do not allow funding through Paypal or Credit Card, due to various cases where someone pays for Bitcoins with Paypal, Credit Card then receives Bitcoins and fraudulently complains to Paypal or their credit card company that they never received the goods.

Imagine purchasing bitcoin in a country like INDIA, all we can find is third party retailers, selling at high price via localbitcoins.com, ebay.com etc. Buying Bitcoins from individuals using PayPal / Credit card is possible, but requires mutual trust. Well, here we found a little long but easy way to sale / purchase bitcoins with your Paypal, CC and some other sources.

First of all, have a little walkthrough about how this work >> Go to Virwox and register your account >> add funds to your account via paypal / credit card / paysafecard >> buy linden$ (SLL) >> buy bitcoins with your linden$ >> Finally send your bitcoins to your wallet.

Following are more detailed instructions with visuals.

Step 1.   Go to Virwox and register your account. Ignore message saying Your avatar connection has not been validated yet.

Step 2. Add some funds to your Virwox account, you can add funds via various ways, including Paypal, Credit Card, UKASH, Paysafe Card, Money Bookers, Sofort banking or Neteller.

Step 3. Now convert your USD / EUR in to SLL (Linden $). Those who don’t know, Linden $ (SLL) is currency of The virtual world, Second Life.

Why Linden Dollar. Because direct trading from $ / € to Bitcoin is not possible. That’s why you have to take alternative route via Second – Life Linden$

Step 4. Now go to BTC/SLL exchange and buy bitcoins of your desired amount.

Step 5. Congratulations, now you own bitcoins in your Virwox wallet, you can transfer these bitcoins to your personal wallet. Simply go to Withdraw section, first option is bitcoin withdrawal. Now add bitcoin payee address and hit the withdrawal button.

Step 6. That’s it. If you like the post or still have any doubt, post it in comments section right after the break.

What's a Bitcoin?

It's the state-of-the-art in money. It's a new form of electronic money . It's already become "the gold standard" of digital currency.

Ya know how email changed old-fashioned mail forever? Well, Bitcoin is changing money forever.

Based on some old technologies, and some new technologies. Bitcoin is the result of combining. the very state of the art in cryptographic security + the idea of a limited quantity commodity similar to gold and silver (where there's only so much of it) and using it as money + the idea of massive numbers of computers connected by the internet. forming a strong, resilient, indestructible peer-to-peer network. It's called a cryptocurrency.

Since the invention of Bitcoin. Money will never be the same.

How Do I Get Bitcoins? How Do I Buy Bitcoins? Step By Step Instructions

Why would I use Bitcoin?

Bitcoin is the world's first completely decentralized currency . This means it has no issuing entity . therefore, no single point of failure . In many ways Bitcoin is more secure than your bank. If your bank were to fail, your money could be gone forever. The Bitcoin network is made up of millions of computers all over the world, connected via the internet. The entire Internet would have to go away, in order for the Bitcoin network to fail.

As easy as sending an email . Just one click. Bitcoin payments are sent with one click - just like email. And transactions are always as free and as fast as email.

Zero transaction fees . In the United States, merchants pay 45 billion dollars per year in credit card transaction fees. And for what? So that the transactions can be reversed as "chargebacks" up to six months later? That doesn't seem fair at all. Bitcoin transactions are free. Whereas credit cards and other online payment systems typically cost 3-5% or more per transaction, plus various other exorbitant fees. Bitcoin usage and transactions are always free. It doesn't matter if you send $0.01. or $1,000,000.00. the transaction cost is always the same: free *

No such thing as a chargeback . Payments are irreversable. No matter whether you accept Bitcoin payments for your business or otherwise, payments can not be reversed. There's no such thing as a "chargeback". No way to get a "bounced check". No "reversed transactions". Not with Bitcoin. Payments can only be "refunded" if and when the recipient, voluntarily, as a separate new transaction, decides to send the money back. This protects merchants from fraud. Credit cards and PayPal can, and often do, reverse transactions up to six months later.

As anonymous as you want it to be . Just like with cash, transactions can be totally anonymous. Transactions are only identified by your Bitcoin address, and you can have as many Bitcoin addresses as you want. You create another new Bitcoin address with one click any time you want to. Bitcoin transactions can be made to be: anonymous ***

Financial privacy . Gone are the days of "Identity theft". In the old days, credit cards required merchants to have proof positive of your identity in order to shop there. Because a Bitcoin address can only be used to receive money, and it cannot be used to extract money. with Bitcoin, the merchant only needs to know two things: Did you pay? and, Where do you want your stuff sent to? Isn't that the way it should be? Does your banker really need to know what you buy online?

Your account cannot be frozen . No one can freeze your account and keep your money. (as long as you keep control of your bitcoins yourself and don't keep your bitcoins in an online bank or wallet service. See the Security tab for recommendations)

No big brother . Third parties can’t prevent or control your transactions. Transfer money easily through the internet, without having to trust middlemen; no central bank, nor central authority.

No censorship of who you're allowed to send money to . No more blocking who you can make payments or donations to. just because someone doesn't agree.

It's not a bank. It's not a paypal . What may be the best feature of all? "Bye bye, PayPal." "Bye bye, Bank."

More secure than online banking existing in the world today. Traditional banks use encryption when you log on to your online banking. The cryptography technology used in Bitcoin is even more secure. In other words, if it were to ever become possible to hack in to it. Then ALL the world's banking would be compromised. With today's known technology, experts all agree. It is absolutely un-hackable and un-breakable: secure Ŧ

Bitcoin is transparent and verified . Bitcoin is a free open source software (FOSS) project, which means it has total transparency. Millions of programmers all over the world see every bit of the program's source code. They constantly monitor it, study it, and report on it. to verify that there are no flaws or irregularities.

Send payments to anyone worldwide . Bitcoin has no artificial national boudaries or limitations on where money can be sent, or on how much, or how little, can be sent. You can now use Bitcoin to shop online for millions of items, or make a donation to a charity or organization, and you can even make purchases at physical stores. shops, and restaurants that now accept Bitcoin. using a free app or any device with a web browser.

No central bank . No privately-owned Federal Reserve central bank can print more money for themselves. not Bitcoin anyway. The value of each Bitcoin does not go down when the privately owned corporation known as "The Fed" decides to print more dollars. In fact, it might even go up in value. as it triggers more people to seek out alternatives to storing their money in the world's fiat currencies.

There will never be more than 21 million Bitcoins . The number of Bitcoins is limited by the design of the network. This number can never be increased. Also.

Bitcoins are virtually infinitely divisible . Currently, Bitcoins are divisible up to 8 decimal places. For example, you can send someone 0.00000001 of a Bitcoin. In the future, as the value of Bitcoin goes up, you might be sending your favorite coffee shop 0.00000003 Bitcoin for that cafe latte. Also, in the future, Bitcoin could become even more divisible, if needed. as the value of one Bitcoin becomes larger and larger.

How much is a Bitcoin worth?

The value of a Bitcoin (as measured in US Dollars or any other currency) is determined by the automated online markets. These markets operate 24 hours a day, 7 days a week, 365 days a year. They match buyers and their "bid prices". with sellers and their "asking prices". automatically.

Normally, what we call the "value of a Bitcoin" is simply the last amount a Bitcoin sold for on one of the major markets (or an average of several).

See the Value tab for links to web sites that give real-time value information.

How to buy bitcoins with cash

How to buy Bitcins?

You will learn how to convert cash to bitcoins

What are Bitcoins?

Bitcoin is the world's first decentralized digital monetary system, and "bitcoins" are the currency unit used by this system. The system has existed since January 3rd, 2009 and is used in every country in the world. Bitcoins are created and controlled by advanced mathematics and cryptography, instead of by governments or banks (no government, bank, or corporation owns or controls Bitcoin). Bitcoins as a currency unit are created over time at a diminishing rate, and there will never be more than 21 million of them in existence (though they are highly divisible).

Bitcoin is different from systems like Paypal because:

It is decentralized (no group has monopoly control over it)

It is not tied to US dollars or other government fiat currencies

It is impossible to suffer chargebacks or frozen accounts

It is (relatively) anonymous

Fees are optional (you may pay to make your transactions process slightly faster)

Thus, anyone in the world, of any age, in any country, for any purpose, may start accepting and spending Bitcoins immediately. It is a purely free-market currency which every human on the planet has the option of using. It returns the power of money to "the people" and away from "the banks" and "the government." The supply of bitcoins is mathematically controlled at a pre-determined rate, and cannot be inflated beyond this rate. There is no sign-up or approval process. If you wanted, you could have a Bitcoin account less than three seconds from now. Click here and you will have a Bitcoin account, instantly.

Step 1: First, you need a Bitcoin wallet. This is where your bitcoins are stored.

Step 2: Second, you need to actually get bitcoins, and this can be done in a variety of ways.

Coinbase provides a means to rapidly transfer funds into, out of and between bitcoin exchanges far faster than the usual methods through automating the entire process. Traditionally, bitcoin exchanges handle deposits and withdrawals using several methods, some of which can be annoyingly slow with delays of up to a week before funds are available for use. During this waiting period, as with any currency, exchange rates can fluctuate and you may not get the same amount you would have been able to at the time you begun your deposit. If you cannot purchase any at this moment, you can start your journey into the bitcoin world by building up your collection of bitcoins gradually. A great place to start is at a "Faucet" (It drops slowly but gradually will fill up your wallet. Here is one such faucet at BitcoinAddict.com .

Step 3: Third, you now get to spend them, here are some of the most popular locations to purchase items with your newly acquired bitcoins.

What's a Bitcoin?

It's the state-of-the-art in money. It's a new form of electronic money . It's already become "the gold standard" of digital currency.

Ya know how email changed old-fashioned mail forever? Well, Bitcoin is changing money forever.

Based on some old technologies, and some new technologies. Bitcoin is the result of combining. the very state of the art in cryptographic security + the idea of a limited quantity commodity similar to gold and silver (where there's only so much of it) and using it as money + the idea of massive numbers of computers connected by the internet. forming a strong, resilient, indestructible peer-to-peer network. It's called a cryptocurrency.

Since the invention of Bitcoin. Money will never be the same.

Why would I use Bitcoin?

Bitcoin is the world's first completely decentralized currency . This means it has no issuing entity . therefore, no single point of failure . In many ways Bitcoin is more secure than your bank. If your bank were to fail, your money could be gone forever. The Bitcoin network is made up of millions of computers all over the world, connected via the internet. The entire Internet would have to go away, in order for the Bitcoin network to fail.

As easy as sending an email . Just one click. Bitcoin payments are sent with one click - just like email. And transactions are always as free and as fast as email.

Zero transaction fees . In the United States, merchants pay 45 billion dollars per year in credit card transaction fees. And for what? So that the transactions can be reversed as "chargebacks" up to six months later? That doesn't seem fair at all. Bitcoin transactions are free. Whereas credit cards and other online payment systems typically cost 3-5% or more per transaction, plus various other exorbitant fees. Bitcoin usage and transactions are always free. It doesn't matter if you send $0.01. or $1,000,000.00. the transaction cost is always the same: free *

No such thing as a chargeback . Payments are irreversable. No matter whether you accept Bitcoin payments for your business or otherwise, payments can not be reversed. There's no such thing as a "chargeback". No way to get a "bounced check". No "reversed transactions". Not with Bitcoin. Payments can only be "refunded" if and when the recipient, voluntarily, as a separate new transaction, decides to send the money back. This protects merchants from fraud. Credit cards and PayPal can, and often do, reverse transactions up to six months later.

As anonymous as you want it to be . Just like with cash, transactions can be totally anonymous. Transactions are only identified by your Bitcoin address, and you can have as many Bitcoin addresses as you want. You create another new Bitcoin address with one click any time you want to. Bitcoin transactions can be made to be: anonymous ***

Financial privacy . Gone are the days of "Identity theft". In the old days, credit cards required merchants to have proof positive of your identity in order to shop there. Because a Bitcoin address can only be used to receive money, and it cannot be used to extract money. with Bitcoin, the merchant only needs to know two things: Did you pay? and, Where do you want your stuff sent to? Isn't that the way it should be? Does your banker really need to know what you buy online?

Your account cannot be frozen . No one can freeze your account and keep your money. (as long as you keep control of your bitcoins yourself and don't keep your bitcoins in an online bank or wallet service. See the Security tab for recommendations)

No big brother . Third parties can’t prevent or control your transactions. Transfer money easily through the internet, without having to trust middlemen; no central bank, nor central authority.

No censorship of who you're allowed to send money to . No more blocking who you can make payments or donations to. just because someone doesn't agree.

It's not a bank. It's not a paypal . What may be the best feature of all? "Bye bye, PayPal." "Bye bye, Bank."

Bitcoin 101 - How To Buy/Get Your First Bitcoins

More secure than online banking existing in the world today. Traditional banks use encryption when you log on to your online banking. The cryptography technology used in Bitcoin is even more secure. In other words, if it were to ever become possible to hack in to it. Then ALL the world's banking would be compromised. With today's known technology, experts all agree. It is absolutely un-hackable and un-breakable: secure Ŧ

Bitcoin is transparent and verified . Bitcoin is a free open source software (FOSS) project, which means it has total transparency. Millions of programmers all over the world see every bit of the program's source code. They constantly monitor it, study it, and report on it. to verify that there are no flaws or irregularities.

Send payments to anyone worldwide . Bitcoin has no artificial national boudaries or limitations on where money can be sent, or on how much, or how little, can be sent. You can now use Bitcoin to shop online for millions of items, or make a donation to a charity or organization, and you can even make purchases at physical stores. shops, and restaurants that now accept Bitcoin. using a free app or any device with a web browser.

No central bank . No privately-owned Federal Reserve central bank can print more money for themselves. not Bitcoin anyway. The value of each Bitcoin does not go down when the privately owned corporation known as "The Fed" decides to print more dollars. In fact, it might even go up in value. as it triggers more people to seek out alternatives to storing their money in the world's fiat currencies.

There will never be more than 21 million Bitcoins . The number of Bitcoins is limited by the design of the network. This number can never be increased. Also.

Bitcoins are virtually infinitely divisible . Currently, Bitcoins are divisible up to 8 decimal places. For example, you can send someone 0.00000001 of a Bitcoin. In the future, as the value of Bitcoin goes up, you might be sending your favorite coffee shop 0.00000003 Bitcoin for that cafe latte. Also, in the future, Bitcoin could become even more divisible, if needed. as the value of one Bitcoin becomes larger and larger.

How much is a Bitcoin worth?

The value of a Bitcoin (as measured in US Dollars or any other currency) is determined by the automated online markets. These markets operate 24 hours a day, 7 days a week, 365 days a year. They match buyers and their "bid prices". with sellers and their "asking prices". automatically.

Normally, what we call the "value of a Bitcoin" is simply the last amount a Bitcoin sold for on one of the major markets (or an average of several).

See the Value tab for links to web sites that give real-time value information.

I Bought a Bitcoin: How I Joined a Virtual Currency Megabubble

Yesterday, I did something entirely irrational – something both my common sense and my work as a business writer should have prevented me from even considering. I decided to buy a Bitcoin.

If you're just catching up, Bitcoins are a virtual currency that is, right now, experiencing a flash of instant celebrity. Bitcoins have been around since 2009, but recently, they've become the financial media's favorite obsession. The price of a single Bitcoin has gone on an insane tear, from $34 to $140 in the span of month. Wall Street analysts are getting questions from their clients about Bitcoins, Bitcoin ATMs are being put up around the world, and the value of all Bitcoins in circulation now stands at $1.6 billion. That's not a tremendously large number for a global currency (the value of all U.S. dollars in circulation is roughly $1.1 trillion). But for a so-called "crypto-currency," it's pretty impressive.

A Bitcoin is a unit of virtual, encrypted currency. Right now, a single Bitcoin unit (abbreviated as BTC) is worth about $140, but that value has fluctuated wildly. A Bitcoin functions like a normal currency, with a few exceptions: First, Bitcoins aren't issued by a government or a central bank. They're produced by a complex computer processing scheme called "mining." You'd need a Ph.D. in computer science to understand exactly how Bitcoin mining works, but basically, it uses distributed computing power and complex math formulas to "find" a certain number of Bitcoins every day. Once I mine a Bitcoin, or buy a Bitcoin from someone else, it's held in my virtual "wallet." When I want to use it to pay for something, I simply type in the recipient's address — a randomized string of between 27 and 34 letters and numbers — and off it goes. The entire process is anonymous and untraceable, which is part of the appeal. (There's more in this FAQ and this Businessweek story. if you're interested.)

Several friends warned me about buying a Bitcoin now, since prices are at an all-time high, and most smart people are predicting that the bubble will pop eventually. But many people expect the price of Bitcoins to go higher than $140. Henry Blodget half-jokingly suggested that Bitcoins could reach $400, and there's no logical reason why they can't keep rising beyond that. The more publicity Bitcoins get, the more demand there is. And since supply is limited by design, and no central authority can step in and "print" more Bitcoins, it's theoretically possible that the price could keep rising for a while before a bubble burst happens.

So I decided to jump on the bandwagon and buy a Bitcoin. A single Bitcoin. Partly, I wanted it for novelty value. Partly, I thought it might make me a few easy dollars. And partly, I wanted to see how easy it is for a lay person — who has no coding or hacking experience, and who has never dealt with a virtual currency in his life — to get involved.

The first thing to know about buying a Bitcoin is that you can't just whip out your credit card. Because Bitcoin transactions are completely anonymous, none of the big exchanges accept credit cards, owing to the risk of fraudulent chargebacks.

The most popular method of paying for Bitcoins is to give your bank account information to an exchange and transfer money into a Bitcoin account. I was uneasy about giving up my bank information to a sketchy currency dealer, and given that my goal was only to buy a single Bitcoin, I nixed that idea off the bat.

Option No. 2 is a bit convoluted, but allows you to pay for a Bitcoin in cash. Basically, you use a cash-payments service like Moneygram to pay an intermediary at a designated deposit spot. The intermediary then takes the cash, converts it to credit, and deposits the credit into a Bitcoin exchange account for you.

The insanely fast scaling of the Bitcoin economy has led to some technical glitches with big Bitcoin sites. The largest Bitcoin exchange, Mt. Gox. is only taking new memberships by application owing to high demand, and my application stayed un-approved for three days before I decided to go with a smaller exchange. I picked Bitstamp. which had a nice, beginner-friendly interface, and which — seemed to be able to get Bitcoin transactions processed. (Some other Bitcoin sites, weighed down by too many people trying to buy, are either shut down completely or processing only select transactions.)

To deposit money into a Bitstamp account, I had a few options: I could hand over my bank information (nope!), I could use another virtual currency system called Ripple to convert dollars into BTC (too complicated), or I could use a service called BitInstant.

BitInstant is a Brooklyn-based payments processor used specifically for Bitcoins. The way it works is: You tell BitInstant how much you want to deposit in a Bitcoin exchange account, which exchange (Bitstamp, Mt. Gox, etc.) you want it to go to, and your account number. You go to a "cash deposit location" (in my case, a CVS several miles from my house) and use Moneygram to pay a cash-payments service like ZipZap, which then pays BitInstant, which then credits your Bitcoin account. If it sounds complicated, it's because it is.

How much is a bitcoin worth in usd

How Much Is Bitcoin Worth In Usd

How Much Is Bitcoin Worth In Usd

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What's a Bitcoin?

It's the state-of-the-art in money. It's a new form of electronic money . It's already become "the gold standard" of digital currency.

Ya know how email changed old-fashioned mail forever? Well, Bitcoin is changing money forever.

Based on some old technologies, and some new technologies. Bitcoin is the result of combining. the very state of the art in cryptographic security + the idea of a limited quantity commodity similar to gold and silver (where there's only so much of it) and using it as money + the idea of massive numbers of computers connected by the internet. forming a strong, resilient, indestructible peer-to-peer network. It's called a cryptocurrency.

Since the invention of Bitcoin. Money will never be the same.

Why would I use Bitcoin?

Bitcoin is the world's first completely decentralized currency . This means it has no issuing entity . therefore, no single point of failure . In many ways Bitcoin is more secure than your bank. If your bank were to fail, your money could be gone forever. The Bitcoin network is made up of millions of computers all over the world, connected via the internet. The entire Internet would have to go away, in order for the Bitcoin network to fail.

As easy as sending an email . Just one click. Bitcoin payments are sent with one click - just like email. And transactions are always as free and as fast as email.

Zero transaction fees . In the United States, merchants pay 45 billion dollars per year in credit card transaction fees. And for what? So that the transactions can be reversed as "chargebacks" up to six months later? That doesn't seem fair at all. Bitcoin transactions are free. Whereas credit cards and other online payment systems typically cost 3-5% or more per transaction, plus various other exorbitant fees. Bitcoin usage and transactions are always free. It doesn't matter if you send $0.01. or $1,000,000.00. the transaction cost is always the same: free *

No such thing as a chargeback . Payments are irreversable. No matter whether you accept Bitcoin payments for your business or otherwise, payments can not be reversed. There's no such thing as a "chargeback". No way to get a "bounced check". No "reversed transactions". Not with Bitcoin. Payments can only be "refunded" if and when the recipient, voluntarily, as a separate new transaction, decides to send the money back. This protects merchants from fraud. Credit cards and PayPal can, and often do, reverse transactions up to six months later.

As anonymous as you want it to be . Just like with cash, transactions can be totally anonymous. Transactions are only identified by your Bitcoin address, and you can have as many Bitcoin addresses as you want. You create another new Bitcoin address with one click any time you want to. Bitcoin transactions can be made to be: anonymous ***

Financial privacy . Gone are the days of "Identity theft". In the old days, credit cards required merchants to have proof positive of your identity in order to shop there. Because a Bitcoin address can only be used to receive money, and it cannot be used to extract money. with Bitcoin, the merchant only needs to know two things: Did you pay? and, Where do you want your stuff sent to? Isn't that the way it should be? Does your banker really need to know what you buy online?

Your account cannot be frozen . No one can freeze your account and keep your money. (as long as you keep control of your bitcoins yourself and don't keep your bitcoins in an online bank or wallet service. See the Security tab for recommendations)

No big brother . Third parties can’t prevent or control your transactions. Transfer money easily through the internet, without having to trust middlemen; no central bank, nor central authority.

No censorship of who you're allowed to send money to . No more blocking who you can make payments or donations to. just because someone doesn't agree.

Is it worth it to mine bitcoins now?

It's not a bank. It's not a paypal . What may be the best feature of all? "Bye bye, PayPal." "Bye bye, Bank."

More secure than online banking existing in the world today. Traditional banks use encryption when you log on to your online banking. The cryptography technology used in Bitcoin is even more secure. In other words, if it were to ever become possible to hack in to it. Then ALL the world's banking would be compromised. With today's known technology, experts all agree. It is absolutely un-hackable and un-breakable: secure Ŧ

Bitcoin is transparent and verified . Bitcoin is a free open source software (FOSS) project, which means it has total transparency. Millions of programmers all over the world see every bit of the program's source code. They constantly monitor it, study it, and report on it. to verify that there are no flaws or irregularities.

Send payments to anyone worldwide . Bitcoin has no artificial national boudaries or limitations on where money can be sent, or on how much, or how little, can be sent. You can now use Bitcoin to shop online for millions of items, or make a donation to a charity or organization, and you can even make purchases at physical stores. shops, and restaurants that now accept Bitcoin. using a free app or any device with a web browser.

No central bank . No privately-owned Federal Reserve central bank can print more money for themselves. not Bitcoin anyway. The value of each Bitcoin does not go down when the privately owned corporation known as "The Fed" decides to print more dollars. In fact, it might even go up in value. as it triggers more people to seek out alternatives to storing their money in the world's fiat currencies.

There will never be more than 21 million Bitcoins . The number of Bitcoins is limited by the design of the network. This number can never be increased. Also.

Bitcoins are virtually infinitely divisible . Currently, Bitcoins are divisible up to 8 decimal places. For example, you can send someone 0.00000001 of a Bitcoin. In the future, as the value of Bitcoin goes up, you might be sending your favorite coffee shop 0.00000003 Bitcoin for that cafe latte. Also, in the future, Bitcoin could become even more divisible, if needed. as the value of one Bitcoin becomes larger and larger.

How much is a Bitcoin worth?

The value of a Bitcoin (as measured in US Dollars or any other currency) is determined by the automated online markets. These markets operate 24 hours a day, 7 days a week, 365 days a year. They match buyers and their "bid prices". with sellers and their "asking prices". automatically.

Normally, what we call the "value of a Bitcoin" is simply the last amount a Bitcoin sold for on one of the major markets (or an average of several).

See the Value tab for links to web sites that give real-time value information.

How much are bitcoins worth

How Much Are Bitcoins Worth Usd

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Bitcoin worth almost as much as gold

Bitcoin prices continued their record run. The new all-time high is close to what it costs to buy an ounce of gold.

NEW YORK (CNNMoney)

Bitcoins are now worth nearly as much as an ounce of gold.

The price of one bitcoin rose as high as $1,242 early Friday, just two days after crossing $1,000 for the first time. Prices subsequently fell back to about $1,155. Meanwhile, gold prices were trading around $1,250 an ounce, down about 25% for the year.

Bitcoin has surged this year on hopes the experiment in digital money will eventually become a legitimate global currency. One bitcoin was worth about $13 in January.

Bitcoin, which trades non-stop on the Mt. Gox exchange and other online markets, has been extremely volatile. It rose to what was then an all-time high of $900 earlier this month. only to fall back to $500 in the span of 28 hours.

Demand for bitcoin has been particularly strong in China. where the leading search engine, Baidu ( BIDU ). now accepts the currency for certain services.

In the United States, lawmakers have been examining potential regulations for bitcoin, which is the currency of choice on certain online markets for drugs and other illicit goods.

Federal authorities shut down the online drug bazaar Silk Road last month, though a new version of the market has resurfaced a few weeks later .

Bitcoin has received a measure of support from officials at the Federal Reserve, including chairman Ben Bernanke, who said the currency "may hold long-term promise" as part of the international payment system.

Some proponents say government regulation would be a positive for bitcoin, since it could lead to wider adoption of the currency. But others argue that bitcoin is decentralized by design and the government should leave well enough alone.

Investors say bitcoin is highly speculative, and should not exceed 1% of a portfolio. Many have compared bitcoin to a lottery ticket, saying it could be worth a lot, or nothing at all.

Bitcoin prices surged in April following an unprecedented bailout of the banking system in Cyprus, a move that led to concerns about the stability of European banks and the euro currency. But prices plunged in May in what many saw as the bursting of a bubble. Bitcoin traded in a range around $100 for most of the summer before the current rally kicked off in October.

Meanwhile, a growing number of businesses now accept bitcoins, ranging from some Subway sandwich shops to Richard Branson's commercial space travel venture, Virgin Galactic .

How I make money mining bitcoins

How Much Are Bitcoins Really Worth?

At over $400 a bitcoin, the defiant crytopcurrency is bubbling all over again, causing enough buzz that the Senate is having a hearing on virtual currencies. What boils down to some mathematical models and open source code is now worth $4.4 billion.

It might be because of fiscal instability around the world. It might be because of growing interest in China. It might be because you heard some guy is a millionaire now because he, on a whim, bought $50 worth two years ago. The hype machine is in full force. My mom is talking about bitcoin again.

7 DAY$-24/HR$ - BITCOIN MINING EXPERIMENT - See How Much Money I Made :)

But how much is bitcoin really worth? Believers say the sky’s the limit. It could hit $10,000, or $100,000. The doubters, like Business Insider ’s Joe Weisenthal. believe it’s only matter of time before gravity takes over, the bubble pops, and we return to $0. Without a killer app—the Silk Road 2.0 doesn’t count—bitcoin is a purely speculative asset, making its inherent value nearly impossible to calculate. Normally, free markets can do an adequate job of pricing when the fundamentals are unclear, but since there’s still no easy way to short bitcoins, or bet that the price will go down, without actually owning bitcoins themselves, the market price can be misleading.

Part of the problem is, beyond having a difficult time understanding how it works, we aren’t quite sure what bitcoin is, or is trying to be. Though described as such, bitcoin hardly resembles a currency. Its price is too wild, its usage too hipster. Any useful currency needs to be stable and convenient.

Instead, the best argument I’ve heard from the movement’s advocates is that bitcoin, rather than acting as a currency, is better suited as a payment processor, at least in the medium term, which actually holds water. There’s no punk politics here about evil central bankers. It’s fairly easy to start accepting payment in bitcoins. E-commerce platform Shopify recently announced official integration. The math also computes because the fees are cheaper compared to credit cards, PayPal, or Western Union.

Using those companies as a benchmark, a private fund called the Bitcoin Investment Trust is presenting a snapshot of how much bitcoin should be worth if it became a widely used method of making payments or sending money to other people.

Granted, it’s a somewhat weird, if not intuitive, way to value bitcoins. Comparing the market value of a company to the total value of all bitcoins in circulation doesn’t make total sense. But it does give some idea, however imperfect, of what bitcoin might be worth if it ever takes off in a meaningful way, and where it might need to find stability for it to be useful. The point is, even at around $400 a coin, it still has a long way to go.

Generating bitcoins

Bitcoin Generation

It looks like you don't have Java installed. Please install java at Java.com

You must have Java installed to use the bitcoin generator.

If your browser asks you to run the applet, or to install Java, say yes.

Waiting for Java applet to load.

Step 1: Click "Start Generating"

Step 2: Wait while your computer works (leave this page open)

Step 3: Earn bitcoin

It's that easy. Want the explanation? Read how bitcoin works. but click "Start Generating" first so you'll earn bitcoin while you read.

You are not logged in. You can start generating now and your coins will be transfered to your account when you sign up. If you close your browser your coins may be lost.

Already have an account? Log in .

FAQ

Can I use multiple computers to generate bitcoin

Absolutely . You can use as many computers as you like, all signed in to the same account, in order to generate bitcoin faster.

What does the speed mean?

The speed is how many times per second you are trying to generate a payout. A payout happens around every 4 billion tries.

The "Estimated time per payout" is the average time it will take you to generate a payout based on your average speed.

Will this slow down my computer?

No . The bitcoin generator only uses your spare computing time. It runs at a low priority, so if you start using other applications, it will get out of the way so that your other applications won't slow down . Try it - you should find that your computer is just as fast (or slow) as it normally is.

Do I need to keep this page open to generate bitcoin?

Yes . Your computer will only be generating bitcoin as long as you keep this page open .

I generated a payout in 5 minutes but it says it takes 2.5 hours. How did that happen?

Payouts are essentially random . It's like a lottery that happens millions of times per second, where you get an entry for every calculation you perform. In your case, you got lucky and a got a payout quickly.

Why does the payout change? Do you take a cut?

The bitcoin network adjusts the difficulty of the puzzle approximately every 2 weeks . This means it takes more computing power to get the same payout. However, instead of taking longer and longer to generate a payout on this page, I keep the difficulty the same, but adjust the payout. Yes, I do take a small fee of 3% . to keep the site going (and make a little bit of money).

I'm close to generating a payout, will I lose my progress if I turn off my computer?

No . The progress bar is an estimated progress. In reality, it's impossible to determine how long it will take to generate a payout since they are random. Try to have your computer generating all the time . but remember you won't lose your progress when you turn off your computer or stop generating.

Beginners Guide to Mining Bitcoins

One of the biggest problems I ran into when I was looking to start mining Bitcoin for investment and profit was most of the sites were written for the advanced user. I am not a professional coder, I have no experience with Ubuntu, Linux and minimal experience with Mac. So, this is for the individual or group that wants to get started the easy way.

First thing you need to do is get a “Bitcoin Wallet”. Because Bitcoin is an internet based currency, you need a place to keep your Bitcoins. Got to http://www.bitcoin.org and download the Bitcoin client for your Operating System. Install it the client will begin to download the blockchain. Downloading the blockchain can take a long time and will be over 6GB of data. If you have data caps, I would recommend ordering a copy of the blockchain on DVD to keep from going over as it is growing exponentially. Click to order the bitcoin blockchain by mail. Once the client is up to date, click “New” to get your wallet address. It will be a long sequence of letters and numbers. One of most important things you can do is make sure you have a copy of the wallet.dat file on a thumb drive and print a copy out and keep it in a safe location. You can view a tutorial on how to create a secure wallet by clicking the link on the top of the page. The reason is that if you computer crashes and you do not have a copy of your wallet.dat file, you will lose all of your Bitcoins. They won’t go to someone else, they will disappear forever. It is like burning cash.

Now that you have a wallet and the client, you are probably roaring to go, but if you actually want to make Bitcoin (money), you probably need to join a pool. A pool is a group that combines their computing power to make more Bitcoins. The reason you shouldn’t go it alone is that Bitcoins are awarded in blocks, usually 50 at a time, and unless you get extremely lucky, you will not be getting any of those coins. In a pool, you are given smaller and easier algorithms to solve and all of your combined work will make you more likely to solve the bigger algorithm and earn Bitcoins that are spread out throughout the pool based on your contribution. Basically, you will make a more consistent amount of Bitcoins and will be more likely to receive a good return on your investment.

The pool that I’m involved in is called Slush’s Pool so I will be giving instructions on how to join there but feel free to look at other options. Follow the link to go to their site and click the “Sign up here” link at the top of their site and follow their step by step instructions. After you have your account set up, you will need to add a “Worker”. Basically, for every miner that you have running, you will need to have a worker ID so the pool can keep track of your contributions.

If you are mining with an ASIC, please go to our Mining with ASICs page. The following will only pertain to GPU miners.

Most of the mining programs out there are pretty complicated to setup and will frustrate your average user. Recently a great program has come out to get the most basic of users started. The program is called GUIMiner. Click the link and download the program (Be careful, some of the ads are set up to look like the file download). Install and run the program and add in your information from Slush’s Pool. Remember that the user name is actually the worker name. The worker name will be your user name, dot, worker ID (username.worker ID) and the password from that worker ID.

Mac users should look into using Astroid

Now that you are set up, you can start mining. If you feel like you want to make more Bitcoins, you might want to invest in mining hardware.

To see how much your current hardware will earn mining Bitcoins, head over to the Bitcoin Profitability Calculator .

If you found this information helpful, please donate to 1G1ehppEgjiFTUSHFz2xs9KLSQuWLPYF2o

Step 1 - Get a wallet

There are many wallets to choose from and here are our recommendations:

Web Wallets - Web wallets are the easiest & most convenient to use, but are potentially less secure than wallet software run on your own computer.

Software Wallets - Software wallets are downloaded and run from your computer. They're considered more secure because the user has more control and doesn't depend on a 3rd party service. Most software wallets require nearly a full day constructing a local copy of the blockchain before use.

BitcoinQT - The original Satoshi wallet from bitcoin.org

Armory - (Recommended) Armory is the most mature full featured wallet.

Multibit - This is the easiest to use because it doesn't require a full download of the blockchain.

Mobile Phone Wallets - iphone & Android apps are available.

Hardware Wallets - Hardware wallets are the most secure because they don't expose your private keys to the network.

Trezor - (not yet available, coming soon)

BitSafe - (not yet available, coming soon)

Step 2 - Get Bitcoins

Purchasing Bitcoins - Although it's not yet easy to buy bitcoins, it's getting simpler every day. Here are our recommendations:

LocalBitcoins.com - This fantastic service allows you to search for people in your community willing to sell bitcoins to you directly.

How To Buy Bitcoins - An international directory of bitcoin exchanges.

Cash Into Coins - Recommended for fast, simple service.

Coinbase - Bitcoin exchange based in the United States. (Highly rated).

BitStamp - A multi currency bitcoin exchange based in Slovenia. (Highly rated).

MtGox - A multi currency bitcoin exchange based in Japan

CIC News 10-01-2014: Yahoo malware for generating bitcoins | Speakers pull RSA talk

CoinJar - CoinJar allows direct bitcoin purchases on their site. They're based in Australia but serve an international clientele.

Earn Bitcoins - Many people find that the best way to get bitcoins is to accept them as payment for the products or services they already sell. Just give your customers the option to pay in bitcoin.

To make it easy, you may want to sign up for a bitcoin merchant account which allows you to send invoices and integrate bitcoin payments into your online order pages for most of the popular shopping cart systems.

BitPay - (Highly Recommended) - Merchant account services

CoinBase - Merchant account services

Coinkite - Merchant Terminal / POS system

Mining Bitcoins - Mining bitcoins requires an investment in specialized bitcoin mining hardware designed to process double round sha256 hash verifications at high speed. Many excellent systems are available.

It's important to point out that bitcoin mining is highly competitive and risky for would be participants . Please see our bitcoin mining page for more detail.

The manufacturers who have successfuly shipped bitcoin mining hardware in volume are:

Step 3 - What can I do with my bitcoins?

Bitcoins can be used to purchase just about anything you want. Dental services, a brand new car. travel and even luxury real estate.

We recommend searching the merchant directories below to locate the merchants you're interested in. You can buy gift cards with bitcoin and spend them in most of the stores you already use.

Merchant directories

coinmap - Find bitcoin friendly merchants near you

bitpay merchant directory - Over 12,000 businesses and charities.

Gift Cards - Available from Gyft.com and spendable at:

Bitcoin Store - Electronics & everything else for Bitcoin

Bitcoin Foundation - The Bitcoin Foundation standardizes, protects and promotes the use of Bitcoin cryptographic money for the benefit of users worldwide.

BitGive - BitGive is a non-profit foundation that is accepting donations from the Bitcoin community and providing charitable gifts to environmental and public health causes worldwide.

Bitcoin Development Fund - A charity devoted to helping further the development of bitcoin, the open source community and causes of humanity.

Step 4 - Keeping up to date with bitcoin

r/bitcoin - Bitcoin links and discussion by the Reddit community

Coindesk - An excellent source of bitcoin news

Bitcoin Magazine - Insightful articles with deep technical credentials

BitcoinX - Bitcoin headlines, market rates & charting resources

The Video - An excellent primer for anyone curious to understand the bitcoin phenomenon

How To Mine Bitcoins

Twitter Pushes Android App Update To Fix The “Me” Tab Bug

Mining bitcoins – a process that helps manage bitcoin transactions as well as create new “wealth” – is the new Beanie Babies. Luckily for us, however, bitcoins seem to be going up in value and should maintain their value over time, unlike your mint condition Tiny the stuffed Chihuahua.

But how do you get bitcoins? You can begin by buying them outright, but the market is currently wild. At $188 per coin, the direction of the bitcoin is anyone’s guess right now and, unlike equities, these things don’t split. In short, you should probably mine. But what is bitcoin mining?

Think of it as work done by groups of people to find large prime numbers or trying keys to decrypt a file. You can read a lot more about it here but just understand that for every block mined you get 25 coins or, at current rates, $4,722.25. Currently a single bitcoin is valued at $188, an alarming result that is probably caused by money movements related to Cyprus and a general bubble-like excitement over the platform in general. In fact, many wager that the DDOS attacks on many bitcoin-related services are direct action by hackers to inject instability in order to reduce the price.

As it stands, mining solo is very nearly deprecated. The process of finding blocks is now so popular and the difficulty of finding a block so high that it could take over three years to generate any coins. While you could simply set a machine aside and have it run the algorithms endlessly, the energy cost and equipment deprecation will eventually cost more than the actual bitcoins are worth.

Pooled mining, however, is far more lucrative. Using a service like “Slush’s pool” (more on that later) you can split the work among a ground of people. Using this equation:

(25 BTC + block fees – 2% fee) * (shares found by user’s workers) / (total shares in current round)

While this is simplified, it is basically how the system works. You work for shares in a block and when complete you get a percentage of the block based on the number of workers alongside you, less fees. Using this method, I have been able to raise about $1.50 over the weekend by running a dormant PC. The astute among you will note that I probably used twice that amount of electricity.

Being a neophile, I’m surprised it took me so long to start mining. My buddy Tom explained how to set up a pooled mining account so I thought it would be interesting to share the instructions.

1. Get a wallet. You can either store your wallet locally or store it online. Coinbase.com is an online wallet that is surprisingly simple to set up. Wallets require you to use or download a fairly large blockchain file – about 6GB – so downloading and updating a local wallet may be a non-starter. Like all wealth storage mediums, keeping your bitcoins “local” is probably a better idea than trusting a web service, but that’s a matter of private preference. There is no preferred wallet type and there are obvious trade-offs to both. Privacy advocates would probably say a local wallet is best.

You can download a local wallet here but make sure you keep a copy of your data backed up.

Once you’ve created a wallet, you get an address like this: 1BEkUGADFbrEShQb9Xr4pKPtM8jAyiNQsJ. This, without the period, is a direct way to send bitcoins to your wallet. Make a note of your address. In Coinbase, the wallet address found under linked accounts.

2. Join a pool. To mine in a pool you have to work with a group of other miners on available blocks. The most popular is Slush’s Pool found here. You can also try guilds like BTC Guild as well as a number of other options. Each of the pools is characterized mostly by the fees they charge per block – 2% for Slush’s pool, for example – and the number of users. Pools with fewer users could also have a slower discovery time but pools with many users usually result in smaller payments.

How can you be sure the pool owner doesn’t steal all your bitcoins? You can’t. However, as one pool owner, Slush, notes:

In theory, as the Bitcoin pool operator, I could keep the 25 BTC from a block found by the pool for myself. I’m not going to do this, but I completely accept that people do not trust the pool operator. It is their freedom of choice, and Bitcoin is about freedom.

For simplicity’s sake, I’m using Slush’s Pool and have created three workers. First, create a pool login. Then add workers. The workers are sub-accounts with their own passwords and are usually identified by [yourlogin].[workername]. I have three workers running, currently – one on my iMac and two on my old PC.

You must create workers to mine. The instructions are very straightforward for most services so don’t become overwhelmed. Like any online club, you can dig deeply into the subculture surround bitcoin as you gain experience. I like to think of it as a financial MMORPG.

Also be sure to enter your wallet address into the pool information. This will ensure you get your bitcoins.

3. Get a miner. There are a number of mining options for multiple platforms although OSX users may find themselves in a bit of a pickle. Miners use spare GPU cycles to power the mining operation, much like services like SETI@Home uses spare cycles for finding intelligent life. Miners, on the other hand, use these cycles to help handle peer-to-peer processes associated with bitcoins. Thus by doing “work” you are maintaining the network as well.

GUIMiner is the simplest solution for Windows users as it allows you to create miners using almost all standard graphics cards. You can download it here. 50Miner is also a popular solution. Both require you to enter your worker info and pool and they’ll start mining.

Linux users can run miners like CGMiner. An excellent guide to installing a miner on Ubuntu is available here .

OS X users can use DiabloMiner. a two-year old command-line program that will mine using OpenCL. Sadly, it uses deprecated calls to Bitcoin and is quite a bit slower. As a result, you need to run your own proxy, Stratum. that allows Diablo to connect with services like Slush’s pool. Both of these programs usually run without issue on OS X although you may need to install OpenCL for OSX .

To mine I’ve created a script that I run in Terminal that simply runs the proxy in the background and then connects Diablo. Note the last two arguments are necessary for Mountain Lion.

/stratum-mining-proxy-master/mining_proxy.py &

/DiabloMiner-OSX.sh -u WORKERNAME -p WORKERPASSWORD -o localhost -r 8332 -w 64 -na

RPCMiner is far easier to run – you simply click an icon and enter some data – and both have very rudimentary, text-based interfaces. Running Diablo on my iMac has not had much effect on application performance under OS X although it does slow down my Windows 8 machine considerably.

4. Keep your mind on your money. Bitcoins are baffling in that they are wildly simple to use and mine. Speculators, then, would probably be able to throw hundreds of machines at the problem and gather bitcoins like raindrops, right? Wrong. As more bitcoins are found, they become more difficult to find. This profitability calculator will help you understand what you’re up against but understand that this isn’t a sure thing. I’ve run my systems for a weekend and seen a mere $1.50 – enough for a coke – but other users may have improved hardware and methods to succeed. In short, if it costs more to run your hardware than you gain in bitcoins, you’re probably doing something wrong.

Good luck in your journey and enjoy your first foray into this wild and wooly world.

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