FACTS ABOUT BITCOIN
1 What is Bitcoin?
Get to know more about bitcoin. Watch this short video.
2 What is a satoshi?
A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC. In the future, however, the protocol may be updated to allow further subdivisions should they be needed.
1 Satoshi = 0.00000001 ฿
10 Satoshi = 0.0000001 ฿
100 Satoshi = 0.000001 ฿
1,000 Satoshi = 0.00001 ฿
10,000 Satoshi = 0.0001 ฿
100,000 Satoshi = 0.001 ฿
1,000,000 Satoshi = 0.1 ฿
100,000,000 Satoshi = 1 ฿
3 How to send/receive Bitcoin?
In order for you to get, earn, or receive Bitcoins, you must have a Bitcoin wallet. A bitcoin wallet is website or program which you can use to hold or store bitcoins and make transactions. In my case I use coins.ph and coinbase.com. You can register for free; there are also rewards/bonuses upon signup and verification of your account. In both of these wallets, there is a send address and a receive address, so that you can send or receive bitcoins.
Do you want to have a bitcoin wallet and earn extra 5o bits?
Register and create your bitcoin Xapo Wallet here!
4 How can I get or earn bitcoins? How can I exchange bitcoins to my local currency?
You can buy/sell bitcoins in some local exchanges, I use Best Change for buying/selling bitcoins. For Philippine Residents, you can use coins.ph as your wallet and withdraw directly to your bank account or other types of money transfers.
Thank you! 