Bitcoin is everywhere these days. If you’re late the party, then worry not. CoinRevolution has got you covered. This is our ultimate guide to everything Bitcoin. Each section will walk you through exactly what Bitcoin is, how it works, and where you can get some. You’ll also learn how to buy, sell, trade, shop, mine Bitcoin — as well as where to discuss it all further. Without further ado, here is Bitcoin 101: Everything You Need To Know.
Table of Contents
Let’s start from the beginning. What is Bitcoin exactly? Here we go over the definition, as well as the difference between the token and the protocol. We also touch on who created it, who controls it, and how it works. Read this article to get a broad overview of the original cryptocurrency.
This article will help shed some light on why you should use it. We give you eight rock solid reasons for why Bitcoin is terrific. It gives you more control over your money, and can even save you some money. It’s also fast, convenient, and safe. Read on to discover more reasons!
3. Bitcoin Wallets: A Beginner’s Guide
You need a Bitcoin wallet before you can own Bitcoin. But what is a Bitcoin wallet even? Here we go through the definition and some of the options you have. There are mobile, online, desktop, hardware, and even paper wallets. Read this article to understand the difference between them all, as well as which ones are the best.
The Bitcoin exchanges aren’t only places you can buy Bitcoin. There are many more options on the table. This article covers Bitcoin ATMs, Bitcoin debit cards, peer-to-peer exchange platforms, and cryptocurrency exchanges. You can also find out how to buy Bitcoins with your credit card or cash if you feel more comfortable using traditional methods. Finally, we also list the best places to get you started.
Whether you’re into trading Bitcoin or want to get rid of them, there are people happy to buy your tokens. The same places that let you purchase Bitcoin usually also allow you to sell them. Here we cover the cryptocurrency exchanges, P2P platforms, and ATMs where you can sell your Bitcoins. We also provide some advice on selling them face to face.
This article will teach you everything you need to know about Bitcoin transactions. You will learn about transaction inputs and outputs, as well as what the difference is between private and public keys.
Now that you have a Bitcoin wallet with Bitcoins in it, you might want to spend some of them. But where do you start? Fortunately, there are many places that now accept Bitcoin as a method of payment. From gaming and sports to travel and accommodation the possibilities are endless. You can even hire accountants and lawyers for Bitcoins. Finally, there are a number of musicians and restaurants accepting Bitcoin. Read on to find out all about it!
Are you considering accepting Bitcoin as a method of payment for your own business? Then this article is for you. We cover the benefits and risks of accepting Bitcoin. We also touch on how to get yourself a Bitcoin POS system. Finally, you can learn a bit about marketing and taxation in a Bitcoin context.
This article lists the ten best Bitcoin POS terminals for your business. If you’re considering getting a POS system, then read this guide first!
You may have heard that Bitcoin can’t scale, and that the system will eventually clog up. This article outlines Bitcoin’s scalability problem, as well as some of the proposed solutions to it. Read on to learn about SegWit, SegWit2x, Schnorr signatures, and forks in the road.
Since Facebook, Google, Twitter, Reddit, and others banned the advertising of ICOs, many have questioned the legality of Bitcoin. Read this article to understand your rights when it comes to buying, selling, using, and mining Bitcoin. We also list which countries Bitcoin is legal in, as well as which countries have banned it.
Satoshi Nakamoto is the creator of Bitcoin, but not much more is known about him than that. Here we cover the brief history of the mysterious developer, where he is from, who he worked with, and why he left. We also list some of the possible people who’ve been thought to be Nakamoto.
Bitcoin trading is not much different from trading commodities, forex, or shares. This article will teach you about reading line charts and candlestick charts. You’ll also find out where to find them and how to read them.
What is Bitcoin mining and how does it work? This article goes over the different hardware and software that’s required. We’ll also cover the legality and profitability of Bitcoin mining.
This article goes more in-depth about Bitcoin mining. Here you will learn about hash rates, energy consumption, and the Bitcoin client. We also touch on more specific hardware questions such as CPU/GPU, FPGA, and ASIC.
Mining Bitcoin on your own is not as easy as it used to be. That’s why Bitcoin mining pools have been invented. Here you can pool your computer’s processing power with that of other miners. Learn about the pros and cons in this article, as well as what to look for in a mining pool. We discuss mining difficulty, which token to mine, and what merged mining and multipool mining is. You can also find out about the difference between SHA256 and Scrypt. Finally, we tell you exactly how to get started with a Bitcoin mining pool.
If Bitcoin mining pools seem like the best solution for you, then this article is a must-read. We tell you about the best Bitcoin mining pools, their rewards and fees, and how you can join them.
Can’t get enough of Bitcoin? Neither can we. This article lists all the online and offline places where you can discuss Bitcoin. Read on to find out about dedicated Bitcoin forums, subreddits, Telegram, and other social media groups. Finally, we tell you where you can meet fellow Bitcoin enthusiasts face to face.
19. Bitcoin Scams
The number of Bitcoin scams created to swindle unsuspecting investors and traders have also increased significantly. Bitcoin Revolution is one of the widespread scams that you should avoid completely. Always check if the site or program is legitimate and check what other people are saying about it online before investing.