How to Open a Free Bitcoin Account, Double Your Bitcoins and Convert them to Physical Cash

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This post is for those who don’t know anything about bitcoin mentioned earlier in my post about Swisscoin nor how to open a new free bitcoin account. Bitcoin is actually not new, it is a digital CryptoCurrency with an inflating value.

You can either share bitcoins or use for online transactions. Note this, the value of one bitcoin as at the time i am writing this post is around .07 which is equivalent to N328,124.

Now imagine I have 10Bitcoins? Do the maths.

Tip: bitcoin simply means online money

Today we will be talking about how to set-up your own digital bank, free bitcoin address.

What is bitcoin address:

A Bitcoin address is a single-use token. Like e-mail addresses, you can send bitcoins to a person by sending bitcoins to one of their addresses. Bitcoin address is like your bank account number, which you can use to receive money from other recipients.

However, unlike e-mail addresses, people have many different Bitcoin addresses and a unique address should be used for each transaction.

How Can I Get A free Bitcoin Account?

There are many services that provided this services for like Bitx, Coinbase etc but on this platform, I’ll be making use of Blockchain.

Step 1: go to www.blockchain.info and click on wallet

Step 2: click on wallet and you’ll be presented with the image below

Step 3: Fill in ur details and activate it via the link that will be send to your email address.

Step 4: Login and go straight to your Security Center (Set up the necessary details and your back up)

Step 5: Click on receive and you’ll see your bitcoin address. To receive money from anyone using bitcoin, send them that address and you are good to go.

Step 6: To send money to someone from your bitcoin, click on send, and you’ll see the option to place the receiver bitcoin address, specify the amount you want to send in $ and hit the send button.

Ways to Convert Bitcoins to Physical Cash?

Converting a bitcoin to a physical cash is not a problem at all, everyday buyers will always come for your coins it is now up to you to decide if you want to sell them. To easily convert it to physical cash without worrying too much on how to get who to buy it from you, go to Bitx.co and sign up.

Once you are signed up, upload your Proof of ID, Wait to be verified

The rest is a work through steps

>>Another option is to go to Localbitcoins.com, sign up and you are good to go.

Make use of Lara to generate 3% of your income daily for life and if you still want to risk it, you can make use of coinr.me to double your bitcoin in 100hours… follow this link here to begin.

If you have anymore questions, kindly let me know..

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posted by Oluwabizz @ 2016-10-04