Stefan Molyneux, MA, host of Freedomain Radio, brings over 15 years of software and business entrepreneurial experience to the question: Read More
There are several safe ways to purchase Bitcoins online or in person without getting scammed. One of the most common reasons that people get defrauded when dealing with Bitcoins is because they do not do the proper research into the exchange or person they are trading with.
If you are buying or selling Bitcoins with someone online without any feedback or trade ratings then you will almost always want to use a 3rd-party Escrow service through the Bitcoin Talk forums or other reputable website. If the person has created a new account and is receiving a lot of new positive feedback for PayPal trades be careful because they could do a chargeback later.
- Always Try to Use Escrow
- Don’t trade with Newbies
- Avoid PayPal
- Assume Online Wallets/Exchanges are Risky
- Use LocalBitcoins.com
Only use PayPal with people you trust because PayPal is notorious for not getting involved over Digital item disputes. Make sure you have their contact info before sending your coins.
If you are buying/selling Bitcoins on an online Exchange then be careful not to keep all of your coins in your online wallet at once. Exchanges have gone down in the past or lost people’s account balances due to server failures or hacks. Try to withdraw from your accounts as often as possible and keep backups of your account info.
Without-a-doubt, the best way to Buy Bitcoins is through LocalBitcoins.com which allows you to trade locally with reputable sellers in your area. You can arrange the transaction either in person or online and pay with Cash, Bank wire, Money Pak, Western Union, Moneygram and other online payment methods.
The best part is people post their Buy and Sell orders so you can monitor what’s available to find the best deal that’s close to you. Most people will meet up in a public Wifi area and do the transaction over a cup of coffee. This is the safest way to make sure you get what you are paying for.
The Winklevosse brothers, Naval Ravikant, and Balaji Srinivasan discusses the current state of Bitcoin and where they believe the value Read More
If you are tired of mining day and night and earning very little Bitcoins for your efforts and energy consumption, then it’s time for you to switch over to one of the many popular No Fee Mining Pools out there. When using one of the more popular Mining Pools it can be hard to pull in a lot of shares especially if you’re mining with a CPU or GPU Mining rig. What’s great about the smaller no fee pools is you can earn more shares and get a larger portion of the Block reward while paying less in fees.
You can make as much as 3 times the Bitcoins by joining the Triple Mining no fee pool and automatically be entered into the weekly jackpot that every miner has an equal chance to win. Since Triple Mining is a smaller pool than most it takes 1-3 days to solve a block most of the time. This is great news because if you leave your mining rig running for most of the round you can earn a large share of the block reward.
The best part of joining Triple Mining is being able to refer your friends and family for even more bonuses and rewards. Referrals earn the same amount as the would before only their portion of the jackpot goes to your minipool. This allows even more chances to earn Bitcoins every day than you would at other mining pools.
Do you like to play poker, but can’t seem to find the right online poker room that you can trust? That’s exactly how the owners of Seals with Clubs felt when they launched the world’s first Bitcoin Poker Room. They were tired of all the drama with the mainstream poker rooms and wanted a place where people can play friendly games of poker for Bitcoins. Well they did it and now more and more people are coming to play at Seals.
There is no software to download and you can play right away using a secure browser-based poker application. There is a Freeroll poker tournament every Hour and no deposit is required to redeem your winnings. There is a built-in Staking system that allows you to stake other players in tournaments for a share in the winnings or get staked yourself! Seals with Clubs truly is a dream-come true for poker players left stranded after Full Tilt and Pokerstars went down.
Bitcoin is really a decentralized digital currency that’s owned by none. Government has no management in the regulation of it. It utilizes peer to peer networking and cryptographic proofs to operate the procedure. The payment transactions are recorded in the block chain, a public ledger, after they’re validated by using a proof of work method.