A Newbie Guide To Earning Bitcoin Cash Without Investing For Pinoys
To Whom This Post is Intended To
I know there are already a lot of newbie guides for earning Bitcoin Cash out there. But I am writing this one as part of my drive to spread the awareness of Bitcoin Cash to my fellow Filipinos who don’t fully understand what cryptocurrency and bitcoin cash is all about.
I also wrote this as my way of inviting my friends who want to earn some extra money by earning Bitcoin Cash.
Disclaimer
Before I continue, another disclaimer. I am not an expert in Bitcoin Cash and Cryptocurrency. (I can’t even type the word without misspelling it for about 90% of the time). In fact, I am just starting to understand this world of cryptocurrency. What I post is based on what I currently know and how I understand this subject.
This is a two-part tutorial, we will cover the following topics
In this Part.
What You Need To Earn
What is cryptocurrency
What is Bitcoin Cash
What do you need to earn Bitcoin Cash
Setting Up Your Digital Wallet With CoinsPH
And on the second part
How To Earn Bitcoin Cash From Read.Cash and Noise.Cash
What You Need To Start Earning
You don't need to buy any expensive devices to start earning. If you are reading this, then you already have the equipment you need.
laptop, desktop, smartphone, or tablet, then you can use any of those.
any web browser.
Internet connection
cryptocurrency wallet - which will be discussed later in this post.
Now let's discuss something that is most probably new to you.
What is Cryptocurrency?
Let’s discuss some things that you need to know, starting with some definitions.
If you look at the definition, the Oxford dictionary defines cryptocurrency as:
a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.
"decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation"
OK, did you understand that? Neither did I. But I think this simple definition from Simple Wikipedia is more understandable...
A cryptocurrency is a type of currency that uses digital files as money (currency). Usually, the files are created using the same methods as cryptography (the science of hiding information). Digital signatures can be used to keep the transactions secure and let other people check that the transactions are real. The first cryptocurrencies were made to be independent of government-issued currencies
cryptography + currency = cryptocurrency
In other words, it’s digital money that is encrypted for security. Cryptocurrency is not regulated by any government, thus it is not affected by inflation or any country. Be aware though, that the value of any cryptocurrency changes often due to numerous factors.
What is Bitcoin Cash
Bitcoin Cash(BCH) is different from a (BTC). Bitcoin is the first cryptocurrency and the most popular. But Bitcoin Cash is a fork or a spin-off of Bitcoin,
As of the time of writing, the value of 1 BTC just skyrocketed to more than $1,000.00.
Be aware though that the value of Bitcoin Cash and any other cryptocurrency fluctuates frequently.
Where Do I Keep My Cryptocurrency?
Just as you carry cash in a wallet, to have a digital currency, you need a digital wallet. For Filipinos, CoinsPh is most widely used digital currency wallet.
How Much Do You Need To Invest To Start Earning BCH?
A few years ago, there was a group of persons who created a multi-level scheme for Bitcoin in the Philippines. In order to start earning Bitcoin, you need to join their “network”. From what I heard, it was around $1,000.00 or around PHP50,000. And you will earn a commission for your referral. Maybe I will talk about that group next time.
The truth is, you don’t need to pay a ridiculous amount of money to invest to start earning cryptocurrency. And you don’t need any referral or recruit anybody to join. As the title says “How To Earning Bitcoin Cash Without Investing a Single Centavo”. Meaning you don’t need to pay in a single centavo!
Because there are numerous ways to earn cryptocurrency without buying a single ‘Satoshi’ or spending a single centavo. The only thing you need is a digital wallet. As I have mentioned if you are Filipino or Asian, you can use CoinsPH.
But before I discuss how to earn BitCoin Cash, let’s set up first your digital wallet.
Your Digital Wallet With Coins Ph
If you have a PC, Android device, or iPhone, you can download CoinsPh through this link
Then select your device, Android, iOs, or Huawei
Once installed, you need to verify your account by taking a selfie and uploading any government-issued ID or document.
In CoinsPh you will see there five currency tabs. The first is the local currency (Peso) followed by four different cryptocurrencies, namely:
Bitcoin (BTC)
Ethereum (ETH)
Bitcoin Cash (BCH)
Ripple (XRP)
Our focus for this two-part tutorial is earning Bitcoin Cash
How to Cash-in and Cash-out to and from Coins.PH
You can Cash-in or Cash-out via different Money Remittance agencies, banks, E-wallets like PayMaya or G-Cash (via InstaPay)
Please note that each option has a different service charge starting at P10.00. I will make a separate tutorial on how to cash out your earnings using at least three different options. I will make a separate tutorial on how to cash out soon.
Once your digital wallet is set up, you are now ready to earn Bitcoin Cash.
In the next part, I will share with you how to earn Bitcoin Cash through Read.Cash and Noise.Cash.
Thanks for reading.
Check out my other posts in Read.Cash
Check out my other Articles in Publish0x.com
Join me in Project BlueFire
Follow me in Noise.cash
References:
https://languages.oup.com/google-dictionary-en/
https://simple.wikipedia.org/wiki/Cryptocurrency
Thanks for making this article