How can you earn Bitcoin / Cryptocurrency right now?

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All the necessary information:

1. Cryptocurrency:

Before I say what is cryptocurrency, what is currency / taka/Rupees / money? Why do we pay five Taka/Rupees for a coin ? Because, whoever we give that coin to, will also give it the value of ten rupees/taka. Not only that, the written law has been passed by the government and Bangladesh Bank that the coin should be worth five taka/rupees.

Now, some people thought that if they could create a kind of virtual currency and use it as needed and people would value it, they would be able to buy, spend and generate more with this virtual currency. Cryptocurrency is a type of digital currency that is created through computer encryption. Not only that, in order for people to value this currency, production companies are now spending hundreds of crores of rupees to make it valuable to the crypto-market and the people. And the technology that cryptocurrency uses to determine the coin transaction / value is called Blockchain Technology.

2. Bitcoin:

Bitcoin is the first and most successful cryptocurrency to hit the market. The value of one bitcoin is currently around $ 13000, which is about Taka 10 lakh. Its value fluctuates a bit over time. Then the price went down a lot but now it is in a stable position. However, it is certain that the value of Bitcoin will never be zero. Because, the need for it will always be there, now the economy, trade, transactions of many countries have become dependent on Bitcoin.

3. Satoshi:

Satshi is a small bitcoin unit. 1 Satoshi = 0.00000001 Bitcoin. Bitcoin is currently traded in the crypto-market as Satshi due to its high price. Bitcoin founder Satoshi Nakamoto (fake name, no one knows the real name) is named after the small unit of Bitcoin Satshi.

4. Airdrop:

Airdrop is a service through which you can earn many more cryptocurrency income including Bitcoin without any investment. Nowadays, almost every day new companies come to the market with new cryptocurrencies. When a new company creates a new cryptocurrency / coin, they distribute that coin to everyone for free. Why? Because, it increases the promotion and value of coins. How does the price increase? Because, when someone gets something for free, he expects in his mind that the thing will be very expensive. When a new coin is distributed to everyone, everyone hopes that the price of this coin will be much higher. And, those who do not have the coin will want the price of the coin to be reduced or zero. So the price is increased by giving coins to everyone for free. All companies do it. When Bitcoin also launches Bitcoin-Cash, it is distributed to all Bitcoin users for free. (The current value of one bitcoin cash is about $ 270). And giving everyone away for free in this way is called Airdrop in the crypto-market. And the time that companies supply coins for free is called ICO (Initial Coin Offering) Period. If you want, you can also collect coins by taking part in AirDrop and selling them in the market to earn bitcoin. For this you just need to register / sign up in different ICO sites and have a wallet to collect coins.

So before collecting Airdrop, open your respective IDs in the following sites:

1. My Ether Wallet (MEW): Currently most ICOs are Ethereum Blockchain based. So having a MEW Wallet Address is very important.

2. Other Wallets: Create a Coinbase ID to secure Bitcoins and other coins other than MEW or Trust Wallet and an ID on Coinexchange.io for Airdrop Coins transactions

3. Social Media ID: To participate in Airdrop, keep the ID on the following social media sites:

Compulsory: Facebook, Twitter, Telegram

Optional: Reddit, Medium, Instagram, YouTube, Bitcointalk

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Thanks for Reading.....

@TheRandomRewarder thank you for Tips...

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You are a Rock star. Nice article.

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3 years ago