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I respect it as a first step to get familiar with Bitcoin in general. Also, it's interesting to see what kind of services are enabled through frictionless money transfers.

Lend straight to someone you know. This allows you to check personally, if you regard the debtor as

Only need to agree on the terms such as duration and interest rate and off you go. The drawback is, however, that you probably will not have too many acquaintances who

Peer to peer Bitcoin lending websites with listings from several borrowers are another option. Bitbond

And you can contribute to their loan. You can fund small portions of many loans and thus diversify default risk.

 

 

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Bitcoin loans usually work the identical way as fiat currency loans. The borrower gets a certain amount of money within a specified period

and repays the money with interest. There are two things you need to know about when you lend Bitcoins. The site needs to be trustworthy and

The debtor needs to be trustworthy. When the site assesses the creditworthiness of the applicants

 

 

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A Bitcoin banking like version. Here you place your Bitcoins as a deposit using a site that pays you a fixed interest rate on these deposits. As everything

Here, this approach has advantages and disadvantages. The good thing is, that you don't need to diversify your Bitcoins over many creditors. You simply place your Bitcoins with your

Bitcoin bank and that's it. You earn Bitcoins as a continuous flow of interest income. But be very careful. In the previous instance of peer to peer lending you diversify your

You trust one single debtor that's the bank. If they don't do a good job in managing your Bitcoins, everything

 

 

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Can be lost at once. That's because the bank takes you deposits and invests them in funds, the most important assets usually being loans. Should they do a Fantastic job You're fine

 

 

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Because you just accumulate the interest payment. When they don't do a good job you take the hit. An there is no deposit insurance in the Bitcoin entire world, too.

You hope. Such sites will comply with the usual requirements that you anticipate from non-Bitcoin related sites too. That means they've

Appropriate terms and conditions in place, they disclose their status of incorporation and contact particulars. Some sites in the

 

 

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When you perfom mining, your computer adds new Bitcoin image source transactions to the block chain (a people ledger where all

Bitcoin transactions are saved ) and hunts for new cubes. A block is a file that has the most recent Bitcoin transactions

Recorded in it. When your computer discovers a new block, you get a certain number of Bitcoins. Currently a cube contains BTC 25. This number changes

Since bitcoin mining has become a hardware intense and therefore expensive procedure, most individual miners join a so known mining pool.

By providing computing power for their pool you can earn Bitcoins from mining with no need to construct your own big mining farm. There are entire communities around

 

 

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Bitcoin mining and besides the fact that you earn Bitcoins it is also fun. You meet new people online and have in-depth knowledge about Bitcoin as a protocol and technology.

If you want to earn Bitcoins through mining, bear in mind it is a costly and time consuming process. Read the respective introductions and

When you earn Bitcoins through tips, it is similar to accepting Bitcoin his response as a means of payment. You need a wallet, a QR-code with your Bitcoin address on it and the folks

Who can potentially give you a tip need to be aware of it. There are various places where you can receive Bitcoin tips.

 

 

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Again, your store is the very first thing to begin with in case you have one. It's Only a bit easier because since hints are voluntary you don't

Really need to check the incoming payment and the exact amount. Simply show the QR-code and check daily what came in.

With hints, the nice thing is that you don't necessarily need to have a shop. A blog for instance or any other site is sufficient.

You can display the QR-code or just your Bitcoin address at the bottom of your webpage or where it seems convenient and let people decide how much

 

 

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they want to tip you. You can even view how this looks like in the footer of the German blog bitcoins21.

Another very cool way to get tipped online is Bitfortip which was already mentioned above. This service allows you

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