Bitcoin is the talk of the town these days and it’s trending in so many social media platforms. Millions of people have jumped into the bandwagon with the majority not understanding what Bitcoin is and why it has so much value. Many see Bitcoin as an investment Vehicle to earn profits, while others focus on the various transactions they can carry out with Bitcoin.
Want to get more insight into the most amazing technology development that is taking over the world? This piece will get you started.
What is Bitcoin?
Bitcoin proposed by a pseudonymous software developer called Satoshi Nakamoto in 2009, is an electronic payment system based on mathematical proof. Designed to produce a means of trade/exchange, it is self-contained without any form of central authority.
Bitcoin, a virtual currency also known as Cryptocurrency, is controlled by a decentralized network of users without being subjected to any form of central bank authorities or national government bodies.
With hundreds of cryptocurrencies today, Bitcoin is most popular and widely used as it is the first form of cryptocurrency discovered and it shares some characteristics of traditional currencies (such as US Dollar), with a verification based on cryptography.
Top 5 best bitcoin mining sites in 2020
With a variety of Bitcoin mining sites, here is a list of the top five best Bitcoin mining sites you can rely on.
- APRIL 2020
- Genesis Mining
Having known about the best bitcoin sites you can purchase Bitcoin, you also need to know how to purchase bitcoin from such sites. Using the aforementioned sites which is the number one trending bitcoin site, here is a guide on how to purchase bitcoin from Paybis.
How to Buy Bitcoin
Bitcoin is a Cryptocurrency, which requires a backing source code that uses highly complicated algorithms that prevents unauthorized duplication of created Bitcoin units. The code underlying this principle is known as cryptography. It is therefore impossible to break Bitcoin source codes and manipulate the currency’s supply.
To buy Bitcoin, the following is a step by step guide in helping you do so;
Enter the value of Bitcoin you wish to purchase
Choose to buy Bitcoin on Paybis with either credit card or debit, you will need to do the following
- Enter the amount you wish to exchange into Bitcoin value.
- Once that’s done, proceed by clicking the “Start Transaction” button to buy Bitcoin with debit card or credit card.
Buying Bitcoin for the first time using your card, you will need to verify your identity by filling in your personal info for verification. With the following you can complete the verification process;
- Enter your first and last name, as well as your date of birth, and then click on “continue”.
- Enter your address followed by clicking the “continue” button again.
- Finally, upload a digital copy of your ID followed by clicking the “submit”. You are to wait for some minutes while your submitted document is being reviewed.
In less than 5 minutes your verification will be either approved or rejected.
In case of rejection, the system indicates mistakes that need to be fixed, with a mail sent to you as a reminder.
If your account is successfully verified, you will need to enter your Bitcoin wallet address: this is to notify the system where you want your funds to be sent.
Normally verification process takes 5-10 minutes.
Make a Payment
Once you have successfully entered your Bitcoin wallet address, click on the “Continue” button to be redirected to the payment processor checkout page. Then follow the instructions on the payment processor check out page and then provide the necessary information and finally make payment to complete your purchase.
Once your card has been validated and verified, your order is complete.
It is important to note also that your payment might require a manual review, as such constantly monitor your email inbox for an additional verification email.
If delivery of your Bitcoin takes longer than expected, you can contact their service support team that is on standby 24/7 to help verify issues.
How to Earn Money
Paybis has given a chance for its affiliates to earn more. You may wonder how this is possible: yes it is sure possible.
To earn more on this platform all you need to do is to bring new users month over month and you stand a chance of getting 10% commission and even up to a 20% commission.
To give our affiliates a chance to earn more, once you show that you bring new users month-over-month, we’ll be happy to increase your affiliate commissions from 10% up to 20%.
How you can receive your affiliate payout is quite easy as well. Payouts occur once a month. Nonetheless, you can manage your affiliate profile using your dashboard that’s where you find all the necessary information to get started.
What can you do with your Bitcoin
Once you have become a Bitcoin owner, here are some interesting offers on what you can do with your Bitcoin.
- Buy goods from Businesses that accept Bitcoin payments.
- Exchange your Bitcoin with other Cryptocurrencies.
- Transfer Bitcoin to family and friend or even charity
Also, Bitcoin can be used by private users as consideration for service performed or to settle debts. It can also be swapped with other currencies, both traditional and virtual on electronic exchanges that function similar to forex exchanges.
Furthermore, there are other interesting transactions you can carry out with Bitcoin:
- Play a Bitcoin Casino
- Tour around the world
- Pay college education
- Buy Jewries and Real Estates.
There are still a lot of things you can do with your Bitcoin, especially as many businesses and enterprises are accepting Bitcoin as viable payment options. So why the wait! Enjoy shopping, trading, and investing using your Bitcoin in companies who have made Bitcoin a viable payment option in this 21st century.
Why not buy some Bitcoin from paybis.com and store in your wallet, to experience a new world in this fast-growing economy today!