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What is Bitcoin and How to Earn Money from Bitcoin?

What is Bitcoin

Friends today there are many ways to earn money online. A lot of people earn millions of rupees online. If you have your own website or Youtube Channel then you can earn a lot of money from Adsense. But apart from this, there are many ways to earn money online. One of the same is to about earning money from Bitcoin. Today I will tell you that how to earn money from bitcoin.



If you want to earn money online then Bitcoin can be the best way for you. Bitcoin is a currency like money and dollar but you can not see or feel it, it’s just on the internet.So Friends now I give you a complete information of Bitcoin, what is Bitcoin and how to earn money from Bitcoins?

What is the bitcoin?

Friends Bitcoin is a digital currency, which you can not feel or see but you can store it. Bitcoin was made in 2008 by Satoshi Nakamoto. That time its value was less than our 1 Indian rupee (0.015$) but today the price of 1 bitcoin is above 10 lakh (15500$) in Indian rupees.

You can predict the price that How much is the demand increased for bitcoin?. Just like we have 100 paise of 1 rupee, same as 1 bitcoin contains 100,000,000 Satoshi. The Satoshi of bitcoin was named after Satoshi Nakamoto.

Bitcoin is an open source on which no company or organization have control. That’s why hackers also use it in hacking. You might have seen a few days ago that a Cyber Attack happened was “WannaCry ransomware attack“. In which this Bitcoin was asked as a ransom. Because no one can trace its transaction to who has sent and Who has taken.



To check the price of bitcoin click here, Here you can select currency type also.

first, you buy Bitcoin than you can earn enough good money by selling it. Which you can store online and then sell it when its price goes higher price and earn money.

How to earn money from bitcoin

If you want to earn money with bitcoin then there are 3 ways. But it is best to buy bitcoin and sell it.

Method 1: Bitcoin Buy n Sell

If you have money you can buy bitcoin from it. Value of Bitcoin varies. So when its value increases, you can earn enough good money by selling it.

For example: If you bought Bitcoin now its value is $ 15000. And in some days its value increases to $ 15,500, so you can earn 500 $ by selling it. It works like Share Market. This is the best way to earn money from bitcoin.



Method 2: Receive Payment in Bitcoins by selling things

The second way is that if you want to sell anything online, So sell it and can take bitcoin in return. Then when the price of bitcoin increases, you can sell the Bitcoin.

Method 3: Bitcoin Mining

The third way is to bitcoin mining. For this, we have to need a computer with a high-speed processor and should also have good hardware. We use bitcoin only for online payment and when someone pays a bitcoin. Then that transaction is verified. Those who verify them, we call them miners. And those miners have high-performance computer and GPU and they verify transactions through it. They verify that the transactions are correct or not. For of this verification, they get some bitcoins as a reward and in this manner, new bitcoin come to market. Anyone can do this, it requires a computer with a high-speed processor, which is not in everyone’s budget. The one who earns by bitcoin calculation is called mining.

By the way, there are so many websites and applications to buy and sell Bitcoin. you can use the application like Coinsecure, Zebpay, Unocoin to sell and purchase the bitcoins.




Final Word

I sincerely hope that I gave you complete information about What is Bitcoin and How to Earn Money from Bitcoin. If you liked this post, please share it with friends and on your social media. I need you people’s support so that I can bring you even more new information.If you have any doubt of any kind, then you can ask me by commenting. I will definitely try to solve those Doubts.

 

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