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Author Topic: How are Bitcoins used  (Read 235 times)

Offline allcoinsmoon

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How are Bitcoins used
« on: January 31, 2019, 12:16:11 PM »
In addition to mining Bitcoins, there are other ways to earn Bitcoins. First, you can accept Bitcoins as a means of payment for goods or services. Setting up your Bitcoin wallet is a simple as setting up a PayPal account and itís the way you store, keep track of and spend your digital money. They are free and available through a provider such as Coinbase. While this might take more time than itís worth, there are websites that will pay you in Bitcoins for completing certain tasks. Once youíve earned Bitcoins, there are ways to lend them out and earn interest. There are even ways to earn Bitcoins through trading and recently Bitcoin futures were launched as a legitimate asset class. In addition, you can trade your regular currency for Bitcoins at Bitcoin exchanges, the largest one being Japan-based Mt. Gox that handles 70 percent of all Bitcoin transactions. There are more than 100,000 merchants who accept Bitcoin for payment for everything from gift cards to pizza and even Overstock.com accepts it.

Source: https://www.forbes.com

 

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