What is Bitcoin?
Bitcoin is a software-based online payment system described by Satoshi Nakamoto in 2008 and introduced as open-source software in 2009. Payments are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency. Bitcoin is the first fully implemented decentralized cryptocurrency, most cryptocurrencies are similar and derived from it. It is also the largest cryptocurrency by market capitalization.
Getting started
Get started by creating a Xapo account. What's Xapo? Xapo provide a secure and convenient online bitcoin wallet. Its just like Paypal where in you can receive and send payment online. Xapo combines the convenience of an everyday bitcoin wallet with the security of a deep cold storage vault. Xapo has been described by The Wall Street Journal as the Fort Knox of bitcoin storage, so if you’re looking to secure your bitcoins then look no further than the Xapo Vault. It's your money. You should be able to send it instantly and access it without fees. So whether you're transferring money to a friend down the street or to family halfway around the world, say hello to free and instant transactions. You can other bitcoin wallet but I prefer Xapo due to the security that it offers.
Earning Bitcoins for Free
Once you have a bitcoin wallet, you can now start earning free bitcoins by joining bitcoin faucets - the easy way of earning bitcoins. Below are some of the top bitcoin faucets that I am using and would highly recommend.
Bitcoin Jackpot
Hit the comments if you have any questions.