Five Common Bitcoin Questions.
1) How do I get started?
To get started in the bitcoin economy what you need is an account number (Wallet Address). To get a bitcoin wallet address you need to download and install bitcoin client software on your PC or install Android wallet on your phone.
In order to operate a bitcoin wallet yourself you must have a significant knowledge of computers and internet however for ease and convenience, coinbase.com offers a very secure online wallet where you can just register and get a bitcoin wallet.
Registering on coinbase.com as easy as opening a Facebook account. Just register on coinbase.com and you be given a bitcoin address immediately. Think of coinbase.com as PayPal.com.
2) How do I acquire bitcoins?
You can accept Bitcoins for goods and services or seek them out via Bitcoin Exchanges; you can start mining bitcoins yourself.
Accepting bitcoins for goods and services
Do you have an existing business; well the world is now going bitcoins so your business needs to start accepting bitcoins and fortunately it is not as difficult as accepting PayPal. You can also use coinbase.com to start accepting bitcoin payments on your website. Bitpay.com as also a perfect alternative.
Buying Bitcoins on exchanges
Well if you live in the USA, coinbase is your best option although you can buy bitcoins from many other websites like CoinMama they accept Western Union and Credit Card. People in the UK can buy bitcoins from bitbargain.co.uk. BitCoin is really popular and you can buy them from anywhere really. Just make sure to trust who you are dealing with before you give your cash to get the coins transferred to your bank account.
Mining bitcoins
If you have the hardware you can acquire bitcoins by mining. You cannot mine Bitcoins with your normal PC because the network difficulty is very high, you need to use special processing units like ASIC, FPGA and High End GPU,s . There are lots of reliable mining pools out there. You can also decide to be a solominer if you have powerful enough hardware.
Some reliable mining platforms include ghash.io, bitminter.com . Some other websites like hashop.io will lend you their powerful hardware for a fee.
Earning bitcoins
There are a lot of websites that pay you in bitcoins for carrying out small tasks but seriously, a lot of them are crap. The best I can recommend for now is cointasker.com.
3) What are bitcoins worth
Bitcoins are like any other currency: they fluctuate in value relative to other currencies. The value of a bitcoin is constantly changes. There is no 'fixed' price. Usually what determines the value of bitcoins is how many people need bitcoins to how many bitcoins are available. The value of bitcoin fluctuates through supply and demand. The present worth of bitcoins can be found on Preev.com
4) How do I transfer bitcoins to my bank account?
Typically you can transfer bitcoins to your bank account with the help of an exchanger. There are exchangers in every country just do a search on Google like this“bitcoin exchangers in “your-country-name” To avoid been defrauded its best to use exchange companies not individuals.
It works like this - Transfer your bitcoins to the address (bitcoin account) of the exchanger and the exchanger will pay in the equivalent value into your bank account. Example- As at 06 Feb 2015 the value in 1.00BTC equals $223 so if you transfer 1btc to the exchanger he will transfer $223 to your bank account.
5) How difficult is it to use bitcoin
Using bitcoins is easier than using credit or debit cards and PayPal. To open an account just go to coinbase.com, blockchain.info or download the Android or windows app. You can make payment by simply entering the recipient's address, the payment amount, and pressing send.
You can prove that a payment was sent or received by checking http://blockchain.info/address/YOURADDRESS you will be able to see the records of the coins that were sent to or from your address.
There are Over 9,000 Places to Spend Your Bitcoins go to http://www.spendbitcoins.com