Beginner's guide to bitcoin- Everything you need to know about btc currency.

The world is changing and getting advance daily. Introduction of technology is a thing of the new age. Tech systems used in 80's and 90's is different as of today cause such past tech has been upgraded to superb high advance technologies.
In our world of today we getting use to cashless bank , information & communication technology , robot, superb automobiles, computers to carry out logical operations automatically .



What's is Bitcoin

Bitcoin is a cryptocurrency , decentralized,
digital electronic currency and peer-to-peer version of electronic cash.
To make you understand this definition I"l break it down.

•cryptocurrency - is an encrypted digital system used in generation of units of currency.


•decentralized - it's an organization in which operations ,decision-making are delegated managed by individuals. You take full responsibility of your system. Meaning there's no central bank or institution that has control over your Bitcoin cryptocurrency .


•peer-to-peer [P2P]- You have 100% control over your electronic currency[ bitcoin] , you decide who to share your btc coins with, There are no banks involve, Free of middle man to manage your funds.



Bitcoin as a currency

Most people still see bitcoin as a ponzi/scam scheme. Cause they're ignorance of bitcoin value.
The world is going cashless or paper less you not mining or investing in bitcoin today you missing.


History of Bitcoin

Bitcoin [btc] is the first cryptocurrency is the world. It was first introduced 3 January, 2009 by an unidentified programmer (s) under the name Satoshi Nakamoto.

The original paper was written in October 2008 as Peer-to-Peer [P2P] Electronic Cash System. After the paper was published, Satoshi created the first software program to begin mining. It was later implemented as open source code and released in January 2009.

That same day Hal Finney a programmer one of the first contributor and supporter to bitcoin downloaded the bitcoin software, and received 10 bitcoins from Nakamoto .
as of today 1 bitcoin is value for $792


Price of bitcoin from 2009
June 2009 1 BTC = 0.0001 USD
June 2010 1 BTC = 0.07 USD
June 2011 1 BTC = 15 USD
June 2012 1 BTC = 7 USD
June 2013 1 BTC = 100 USD
June 2014 1 BTC = 600 USD
June 2015 1 BTC = 220 USD
Dec 14 2016 1 BTC= $777.50USD
Dec 20, 2016 1 BTC = 792USD

The 1st adopters who bought btc back in 2009 are millionaires or even billionaires today. 1 bitcoin cost $0.07USD in 2010 buying 1000 btc was $70. Bitcoin today 1000 btc coins $79,200 USD.
Back in 2010, programmer Laszlo Hanyecz bought 2 large size pizza for 10,000 Bitcoins value today $792,0000 😂😂😂😂😂. Wish he had patience to save his bits till today.



Sub unit and symbol of bitcoin

•Bitcoin- BTC
• millibitcoin - mBTC=1 thousandth of a bitcoin=0.001BTC


check out this free mBTC faucet bitcoin sites that pays you each time you perform a task.

•microbitcoin or bit - uBTC=1 millionth of a bitcoin

•A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.
1 Satoshi = 0.00000001 BTC
10 Satoshi = 0.00000010 BTC
100 Satoshi = 0.00000100 BTC = 1 Bit
1,000 Satoshi = 0.00001000 BTC
10,000 Satoshi = 0.00010000 BTC
100,000 Satoshi = 0.00100000 BTC = 1 mBTC (em-bit)
1,000,000 Satoshi = 0.01000000 BTC = 1 cBTC (bitcent)
10,000,000 Satoshi = 0.10000000 BTC
100,000,000 Satoshi = 1.00000000 BTC

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Bitcoin 101- 10 Things you need know about bitcoin as a cryptocurrency.

What is bitcoin? According to wikipedia : Bitcoin is a cryptocurrency and the world first decentralized digital currency. It's also a worldwide payment system that works without a central bank or single administrator.
Most people today didn't how bitcoin came to existence or can't even know bitcoin today price.




Am going to explain to you the basic concept you need to know about bitcoin.
Recommended for you: Beginner's guide to bitcoin- Everything you need to know about btc currency.



HOW DOES BITCOIN WORK?
Btc works as a peer-to-peer network, in which transactions take place between users directly, without an intermediary or a middle man.
These transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Before a Bitcoin coin can be spent, it has to be generated by a system block or mined just like a binary number 0 to 1.



WHAT IS BITCOIN FOR?

Like I said earlier bitcoin is a digital payment system and the world first decentralized digital currency. We call bitcoin a paperless one currency because it can be spent any where in the world. its hash free, controlled by no one, easy to trade with.
Btc can be used to trade online, exchanged for altcoins, bitcoin business, Use for goods and services, exchange for gift cards.


IS IT LEGIT TO BUY BITCOIN?

bitcoin is increasingly being used for money laundering. It's widely used by cyber dark net or dark web artist to carry out illegal act. Some countries like Algeria, Bolivia, Ecuador, Macedonia
bitcoin is banned there. Using it you could be jailed under the country's strict anti-money laundering laws". Aside this five countries bitcoin is legal to use anyway in the world.


HOW IS BITCOIN STORED?

Bitcoin can stored through the use of a wallet. We have hardware wallet, online wallet and desktop wallet.
Recommended for you:
1: How to setup and create a secure bitcoin Wallet.

2: 3 Best online secure bitcoin wallet.


IS BITCOIN A REAL CURRENCY?

Yes bitcoin is a real currency it can be converted through an exchanger to any currency in the world. Bitcoin to USD, bitcoin to naira , bitcoin to pounds, bitcoin to indian rupees.


IS BITCOIN DIFFICULT TO USE?

No bitcoin is not difficult to use. All you have to do is register for a bitcoin wallet and store coin.

HOW DO I BUY BITCOIN ?

You can buy and bitcoin within few minutes. They're are lots of scam exchangers that claim to sell bitcoin. I recommended you buy bitcoin from any of this two trusted exchangers .
Buy bitcoin from LocalBitcoin Here. Buy bitcoin fromPaxful Here


HOW DO I SELL BITCOIN?

Just find a bitcoin negotiate on current bitcoin price and sell. Your bitcoin will be exchanged for cash. You can use this trusted exchangers.
Buy bitcoin from. Localbitcoin Here. Buy bitcoin from Paxful Here


HOW CAN I EARN FREE BITCOIN

You can earn bitcoin by mining mining, watching videos, bitcoin casino, bitcoin gambling, bitcoin faucet sites.
Recommended for you: Top 3 Bitcoin
Faucet Sites To Earn Free Bits.

The best faucet site I currently use to earn bitcoin, bitcoin cash, dogecoin, litecoin and other altcoin is FaucetHub you get paid instantly. Just Click this to start earning free bitcoin JOIN HERE

HOW DO I CREATE A WALLET?

Register on any online or desktop wallet to get your wallet or follow this guide.
Recommended for you: How to setup and create a secure bitcoin Wallet.


For the latest bitcoin news, earn free bitcoin and more. follow UseBtcoin on Twitter @Usebtcoin

Don't forget subscriber to our blog post.




Tag : Bitcoin price online, bitcoin wallet, Bitcoin market, accept Bitcoin, accept Bitcoin payment, altcoin faucet, bit wallet, Bitcoin block chain, bitcoin cash.

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will bitcoin recover in 2020? See 5 unbelievable reasons why wouldn't reach $10K USD

Image source:
italia

Bitcoin the world first known cryptocurrency, and a worldwide payment system. It is also a decentralized digital currency.
Bitcoin was introduce January, 2009.
8 years ago by an unknown person or group of people under the name Satoshi Nakamoto. Read more here here

As of now writing this blog post the price of 1 bitcoin is $16,422.06 USD gaining 9.21% increase in profit.

Will bitcoin price fall? that's something we can't be certainly, sure of but we can only predict it's price. At the rate bitcoin price is deflating and inflating some bitcoin price analysis has predicted bitcoin might reach Reach $60,000 USD Before Crashing to $1,000 in 2018.
My advice be ready for any price fluctuation. The price of a single bitcoin, which reached as high as $20,000 USD on some exchanges site, according to coingecko in the last 24hrs Bitcoin price has to drop to 14,915.5886 USD.

4 REASONS WHY BITCOIN PRICE MIGHT FALL/DROP BELLOW $5,000 USD.

1: Whale investors hold over 40% of the total Bitcoin today.
2: Price keeps decreasing this might cause most investor to switch to altcoin like litecoin, Ethereum etc.
3:Cash back risk:
4: China ban all Cryptocurrencies exchange platforms.
5: Unstable price

I believe Bitcoin price will increase wouldn't now maybe later in future.


How to avoid bitcoin fall.

1: Sell bitcoin for cash : BUY FROM LOCALBITCOIN HERE or BUY FROM PAYFUL">BUY FROM PAXFUL


2: Exchange Bitcoin for altcoin : CLICK HERE TO SEE HOW


3: The risk of investing in bitcoin is high so try as much to use reserved cash.

4: Lend your bitcoin and get 13% interest back: CLICK HERE TO SEE HOW

5: Reserve your Bitcoin: Store your coin with a trusted bitcoin vault I recommended this app CLICK TO DOWNLOAD APP


Join us and get free bitcoin and more updates follow Usebtcoin on Twitter @Usebtcoin and on Usebtcoin


Support us by donating to any of this wallets.



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crypto freelancing 2019 : 6 Sites That Pays You To Write About Bitcoin.

I feel lazy to write good articles now. Am so sure this post is going to rank high.😏

Bitcoin has been around for a long time now as of today 1 bit of coin is worth $5800 USD dollars. Price is volatile and unstable.

Price has risen to $16K per coin then decreased to $2K per coin. If you a bitcoin holder i believe you already have an emergency exit button just in case things turn against your favour.

I wrote an article why bitcoin price might not reach $10K USD You may want to check the post here: Will bitcoin recover in 2018? See 5 unbelievable reasons why price wouldn't reach $10K USD

There are lots of good article writers around today some are familiar with fiverr platform others just use another medium as an option.

Are you good with article writing?
Would you love to get paid with bitcoin?
Can you endure Btc unstable price?
Can you perform tasks like programming, business developing etc and accept bitcoin as payment?


If you can I believe this article is for you.


#1: COINTELEGRAPH


Cointelegraph has been around since 2013. They focus mainly on bitcoin, ethereum, blockchain anything related to cryptocurrency.
To become a writer you must apply via this link jobs.cointelegraph.com jobs posted on Cointelegraph are from genuine sources as they are properly verified before they are released on the platform.

I can't tell how much they pay cause most jobs there are mostly related to programming and engineering so be rest assured you'll be paid well.




#2: COINALITY

coinality.com is another platform you should work with company has been existing since 2016. You can apply for jobs and also post job too. Most jobs are related to programming, sales , blockchain developing , cryptocurrencies research work etc coinality.com is one of the best places where job seekers and employers meet, most times, jobs posted on this platform are on long-term bases.



#3 R/JOBS4BITCOINS


Jobs4Bitcoins unlike the others is a sub- reddit on a popular social media platform called Reddit.

The r/Jobs4Bitcoins sub-reddit presently has a member base of about 21,398 members from all over the globe. With a large fan base jobs could be eBook creation, essay writing, guess posting, graphics designing and so on. Just visit the site Jobs4Bitcoins and start working with jobs that suit you.



#4 CRYPTOGRIND

cryptogrind is one of the best place for a freelancer to get paid in Bitcoin. On this platform, users are given the opportunity to browse through various sections of jobs available, using basic words or keyword tags. The freelancer is able to set up a profile that includes his resume, basic information and the type of services he/she can render.

The platform also use escrow between the job seeker ( freelancers) and the employer. Before holding, an agreement is made between both parties if they both agree cryptogrind will use it's escrow service [A system where sellers and buyers are protected] to hold any available fund which will be released when a job is completed . So you don't have to worry about getting scammed. cryptogrind


#5 CRYPTO JOBS

crypto jobs is a marketplace website for blockchain jobs. The platform boast of over 8000+ members with over 1335 blockchain jobs listed.

For those who have a good ideas on how to develop decentralized applications and fix blockchain related tasks, crypto jobs is probably the best place to be. The good thing about this site is you can choose to work there full time or part time just upload your CV.


#6 BLOCKCHAIN ALIENS

blockchain alien a sister site to paidbook now accept article writer for guess posting and journalism.

According to the site owner you'll have to choose between guest blogging and hired or paid journalism.

Guest posting: For site owners who want quality backlink and attention.

Hopefully I'll write the site owner soon.

Paid Journalism has 3 stage : You get $5 per article for 3X, $10 per article if you good for 3X article and $10 + profit share based on the revenue your articles bring in from the ads. If you a pro writer. Want to give them a try? Click here blockchain alien


This is what I have on my list, if there is any legit platform you know of email us or drop your comment below.

Check this out: Monetize your bitcoin niche | Top 5 Bitcoin advertising networks with fast payout. Best of 2019 | Bitcoin ban: it's illegal to Trade and hold Bitcoin in this countries. [2019 List]

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Easy guide on how to make your own bitcoin faucet for free.

WHAT IS A FAUCET? A faucet is a device that controls the flow of a liquid or gas from a pipe or container. in cryptocurrency the definition is quite different.

According to Wikipedia: A bitcoin faucet is a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website.

Bitcoin faucet is one of the most popular and demanding coin faucet you'll see around today.  With the current high price of one bitcoin today. You get paid in satoshi where as price in USD is small unlike buying your own bitcoin.

Want to buy bitcoin? I recommend you buy from Paxful or Coindirect

If you in Nigeria check this post

If you in Ghana check this post

Now Faucet owner's has made it easy for faucet miner to gather enough coin. Dogecoin faucet, litecoin faucet, ethereum faucet, dash faucet, are now been created.

Am going to show you can check your own faucet using a faucet script.

HOW DOES A BITCOIN FAUCET WORK?

coin faucet will give you a fractions of coin  anything you the visit their site filled with ads.

HOW DO BITCOIN FAUCETS MAKE MONEY?

it's simple you'll make money on advertisement display on your blog or donations.

Check this post out:  Monetize your bitcoin niche | Top 5 Bitcoin advertising networks with fast payout. Best of 2019

REQUIREMENTS

 Non hosted free faucet sites, domain, Hosting,Faucet Script, Faucethub Account,Ads service provider account, Short links service provider account,Captcha service provider,Promote your faucet

Yeah I know i said FREE!!!   Domain & Hosting is recommended for anyone who want to take this business serious more like a website you can trust.. 

NON HOSTED FREE FAUCET SITES

A non hosted free faucet site is not owned by you. In fact you be resisted to some extends such as 

ADS PLACEMENT: The site owner offers something to you for free. Consider the VPN or node.js web hosting he pays on monthly basic. In return 80% of ads shown on your website is owned by the faucet owner. So you only given limited space for ads.

For instance your faucet site generate 1k daily view, about 10% users click your ads that's 100 click per daily trust me. 80% click goes to the site owner instead of your pocket. ×××

EASY ACCOUNT TERMINATION: if you violate any rules your account will be terminated without further warning.

YOU DON'T OWN THE SITE: it's just like you labouring for free in return you been paid a penny.

If you still wish to create a free non hosted free faucet site i suggest you use 

i: FaucetFly - Best crypto micro payment platform

ii: FaucetHero

DOMAIN

You'll need a domain name for your faucet site. Not necessary but if you want to invest on yourself  you can buy a new domain from namesilo HERE  use coupon code Usebtcoin  and get $1 off your domain.

NOTe:custom domain name for faucet site is more better than subdomain me.

WEB HOSTING

Due to high restrictions on free hosting service, I don't advice you use free hosting to grow your business online. i can recommend cheap paid hosting registrar.

i: Bluehost Click Here To Buy

ii: Namesilo cheap domain and hosting

Having paid hosting is best for easy approve.

FAUCET SCRIPT

 To create your faucet you can either use a paid faucet script or a free faucet script.

 PAID

i:ClaimBits- New Bitcoin Faucet Script

Demo website:  SEE DEMO, Buy script HERE

ii: GR8 Faucet Script-  buy script HERE

FREE

i: Faucet cms: download here

ii: Webminepool: Download 

iii: Faucetinabox : Download

OPENING FAUCETHUB ACCOUNT

Faucethub is a micropayment platform that allows you to receive bitcoin and other cryptocurrencies instantly straight into your faucethub account.  You can then withdraw your digital currency into your personal wallet at a very low fee.

  Faucethub is been used by 95% of faucet owners around the world. Everyday thousands of miners used Faucethub to mine cryptocurrency with ease. Deposit at $20 into your account. The deposited coin will be use as rewards to claimer who come to earn free coin.

You can also to promote your faucet site by using premium account at faucethub.

Read more: FaucetHub #1 Bitcoin And Altcoin Faucet - Earn Unlimited crypto coin in min

ADS PROVIDER [ MAKE MONEY WITH YOUR FAUCET SITE]

The next step to take is monetization. Some pro internet marketers suggest you monetize your blog or website from day one.  To monetize your website they're few site that accept low publisher. To get started signup with this ones

i: A-ads

ii: Coinmedia

iii: Bitcoadz

iv: AdHitz

As your faucet get more exposure and traffic you can then more to a premium Bitcoin advertising network.

NOTE: They are numerous scam ad network. I'll review only the best for you.

Premium advertising network

i: BitMedia

ii:Cointraffic

iii: Mellowads

PROMOTE YOUR FAUCET SITE

Web Promotion  can be Free or paid. The free promotion take time to get traffic that convert  but it's the best if you want organic traffic. Result may take months or a year to see positive change. Unlike paid traffic you'll get your result immediately barely 24hours. 

I know good cheap paid traffic source where  you can get tons of good traffic that will convert fast. There suitable for those with low startup capital.

i:PopAds - Deposit at less $10 to get started.

ii: Adz2you -  Deposit at less $5 to her started

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Bitcoin countries banned: it's an offense to trade or hold bitcoin in this countries - Be warned [2019 updated]

Bitcoin as we all know is the world's first global digital currency or cryptocurrency. Bitcoin is not issued by Central bank like paperless money.

It's an electronic paperless money that can only be disturbed through Bitcoin mining pool which are transferred straight to your coin wallet.
Recommended for you 3 Best online secure bitcoin wallet

Unfortunately, Bitcoin is illegal some countries. You might have this question in mind

are bitcoins anonymous?

NO! All Bitcoin pseudonymous and all transactions are public, traceable, and permanently stored in the Bitcoin network.



Algeria, Bolivia, Ecuador, Bangladesh, Nepal, Cambodia, Egypt, Morroco, Columbia, Saudi Arabia, Iran, Pakistan, China, Taiwan, Indonesia,


1: ALGERIA



As of 2017 bitcoin was legal in Algeria, until the Algeria government passed 2018 Finance Bill banning all bitcoin trading and holding in the country. Algeria hopes to establish a strict control over this kind of digital transactions.

The ban was place to reduce drug trafficking, tax evasion, and money laundering in the country. Virtual currency is that used by internet users via the web. It is characterized by the absence of physical support such as coins, notes, payments by cheque or credit card. Any breach of this provision is punishable in accordance with the laws and regulations in force

2: BOLIVIA



[El Banco Central de Bolivia] the Central Bank of Bolivia has issued a ban on bitcoin and any other currency not regulated by a country or its economic zone in 2014. Including namecoin, peercoin, Quark, litecoin, primecoin , Ethereum. Any breach of this provision is punishable in accordance with the laws and regulations in force.

3: ECUADOR



In 2014 the National Assembly of Ecuador banned bitcoins including other decentralized digital crypto currencies/altcoin, due to the country establishment of a new electronic money system. The new project would be controlled by the government and tied directly to the local currency.

With Ecuador electronic money system users will be able to pay for select services and send money between individuals. The E-currency is called Dinero Electronico


4:BANGLADESH



In September 2014, central bank of Bangladesh placed a ban on Bitcoin and also pass a circular saying that

"anybody caught using the virtual currency could be jailed under the country's strict anti-money laundering laws" prosecuted in jai up to twelve years in jail.
Reasons bangladesh place a ban on bt coin

• To maintain control over financial and banking system of the country.
• To improve the country economic


5:NEPAL



13 August 2017 Nepal Rastra Bank declared bitcoin as illegal for reasons we don't know. But We suspect this could be any of the reasons.

• Laws of Nepal

According to a statement released by the Central Bank of Nepal. The foreign exchange act of 2019 BS and then NRB act of 2058 BS. Basically, it says that you can’t have bitcoin transaction in Nepal or use bitcoin to exchange foreign or Nepali currency, because bitcoin is not classified as a currency by Nepal Government, and hence using internet for bitcoin transactions or exchange is illegal.

•Use in illegal activities

Reports of bitcoin being used for money laundering or exchanging of black money with Bitcoin is another reason why Bitcoin is banner


6: CAMBODIA



On 19 June 2018, the National Bank of Cambodia (NBC), the Securities and Exchange Commission of Cambodia and the General-Commissariat of National Police stated that "the propagation, circulation, buying, selling, trading and settlement of cryptocurrencies without obtaining license from competent authorities are illegal activities" and "shall be penalized in accordance with applicable laws

7: EGYPT

The primary Islamic legislator in Egypt, has issued a religious decree classifying commercial transactions in bitcoin as haram (prohibited under Islamic law

8: ALGERIA

According to the "Journal Officiel" (28 December 2017): Art. 117. — The purchase, sale, use, and holding of so-called virtual currency is prohibited. Virtual currency is that used by internet users via the web. It is characterized by the absence of physical support such as coins, notes, payments by cheque or credit card. Any breach of this provision is punishable in accordance with the laws and regulations in force.


9: MOROCCO

On 20 November 2017 the exchange office issued a public statement in which it declared, "The Office des Changes wishes to inform the general public that the transactions via virtual currencies constitute an infringement of the exchange regulations, liable to penalties and fines provided for by [existing laws] in force.

The following day, the monetary authorities also reacted in a statement issued jointly by the Ministry of Economy and Finance, : Al-Maghrib and the Moroccan Capital Market Authority (AMMC), warning against risks associated with bitcoin, which may be used "for illicit or criminal purposes, including money laundering and terrorist financing


10: COLUMBIA

Implicit ban. The Superintendencia Financiera warned financial institutions in 2014 that they may not "protect, invest, broker, or manage virtual money operations

11: SAUDI ARABIA

Implicit ban.[15] The Saudi Arabian Monetary Authority (SAMA) has warned from using bitcoin as it is high risk and its dealers will not be guaranteed any protection or rights.

12: IRAN

In April 2018, Central Bank of the Islamic Republic of Iran issued a statement banning the country’s banks and financial institutions from dealing with cryptocurrencies, citing money laundering and terrorism financing risks.

13: PAKISTAN

As of 7 April 2018, State Bank of Pakistan [SBP] has announced that bitcoin and other virtual currencies/tokens/ coins are banned in Pakistan.

14: CHINA

On 5 December 2013, People's Bank of China (PBOC) made its first step in regulating bitcoin by prohibiting financial institutions from handling bitcoin transactions.
On 1 April 2014 PBOC ordered commercial banks and payment companies to close bitcoin trading accounts in two weeks.

Cryptocurrency exchanges or trading platforms were effectively banned by regulation in September 2017 with 173 platforms closed down by July 2018.

In early 2018 the People's Bank of China announced the State Administration of Foreign Exchange led by Pan Gongsheng would crack down on bitcoin mining. Many Bitcoin mines in China had stopped operating by January 2018.



15: TAIWAN

On 31 December 2013, Financial Supervisory Commission (Republic of China) (FSC) and CBC issued a joint statement which warns against the use of bitcoins. It is stated that bitcoins remains highly volatile, highly speculative, and is not entitled to legal claims or guarantee of conversion.

On 5 January 2014, FSC chairman Tseng Ming-chung stated that FSC will not allow the installation of bitcoin ATM in Taiwan because bitcoin is not a currency and it should not be accepted by individuals and banks as payment.

16: INDONESIA

On 7 December 2017, Bank Indonesia, the country's central bank, issued a regulation banning the use of cryptocurrencies including bitcoin as payment tools starting 1 January 2018.



Culled from Wikipedia

Search tag: TUTORIAL,Cryptocurrencies, Government, indonesia, Bitcoin Regulation, Banned Bitcoin, Ecuador, Ecuadorian, electronic money, private bank, Cambodia Bitcoin, Nepal

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Need bitcoin? Join the best and most trusted Bitcoin lending network -upto $50k worth of bitcoin instantly.

Image source:
Moneyless


Bitcoin p2p lending industry is growing every year. First Came Bitcoin then Came Bitcoin Lenders. Bitcoin price hovered around $19,000 this week, giving the cryptocurrency a total market value of almost $300 billion.
The one problem with bitcoin market is the price swings violently and price are not stable.
To avoid price crashing or coin lost lenders and investors offers loan with digital coins as collateral to borrower.
An initial agreement is made with borrowers, to pay back with a percentage increase within the period coin is loaned to you.




What is peer-to-peer (P2P) lending?

is a new modern day method of debt financing that allows people to borrow and lend money without a financial institution. There's no middleman is this system it only works between an investors and borrower.


How can you take part and profit from bitcoin loan system?

The first thing you need to do is find the right and best bitcoin peer to peer lending site. You can loan or borrow digital coin quickly.


Bitcoin Lenders/ investor benefits.

1: you gets a better return of investment. Normal rates are between 3% and 10% per month.
2: Service is quicker and easy to implement.
3: Hand approved submissions – To reduce the possibility of scam, all of the loans submissions are checked manually. No bots



Bitcoin borrower benefits.

1: have a taste of crypto trading
2: Open to new business idea
3: Fast and stressful.


Register on a Bitcoin lending platform. Go through their verification process such as

Identity Verification (any government-issued ID)
Income Verification
PayPal Verification
Social Media Verification (Facebook, Twitter, G+)
Personal References
Seller Account Verification (eBay, Amazon)
Step 2- Choose the right type of loan based lending rates decided by the platform or as agreed with the lender directly.


Here a list of our currently top rated Bitcoin lending platforms:


1: BITBOND




Bitbond



is a global peer-to-peer bitcoin lending platform for small business loans. Lending bitcoin start from
lend as little as BTC 0.1. You can even borrow up to $25,000 starting at 1% initial payback monthly.

Interest rates are set according to a borrower's creditworthiness which is determined by the rating (risk based pricing). interest rates can be as low 7.7% to 25%.


Borrower Origination fee

The origination fee gets deducted from the loan amount prior to disbursement.

6 weeks term loan: 1.0% of the funded amount
6 months term loan 1.5% of the funded amount
12 months term loan 2.0% of the funded amount
36 months term loan 2.5% of the funded amount.

Want to know more about


Bitbond




2:BTCPOP



BTCPOP is a Peer to Peer Bitcoin Banking network. You can Lend and Borrow Bitcoins, start Investment Pools, join Initial Public Offerings. You can exchange your altcoin for Bitcoin which you can use for
Deposit/Withdraw using your wallet, Trade
Staking and Using as collateral for Bitcoin loans.

100+ Altcoins in accepted and safety secured in btcpop system .

Want to know more about
BTCPOP Signup here.

Join us and get free bitcoin and more updates follow Usebtcoin on Twitter @Usebtcoin and on Usebtcoin


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