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In these modern and somewhat troubling times everyone is looking for alternatives to the way things are being done. People are making millions overnight. This could be the reason for the rise of Bitcoin and Cryptocurrencies. There has been a lot of attention to this lately and it seemed appropriate to prepare a page with a little information on the subject. What is this digital money that everyone is talking about?
Fiat currencies like the US Dollar, the Euro and other paper money is regulated by governments. Bitcoin, Ethereum, Litecoin and other cryptocurrencies are considered the unofficial currencies of the internet. They are not regulated by any country. It is easy to transfer all over the world by using the internet. There are still limited places that accept them but more are climbing on board all the time.
This page is too short to explain it all but contains links to point you in the right direction. If you become a student of them and follow recommendations it will open up a whole new world to you. Once you become familiar with how it works it can be really easy and fun to exchange with cryptocurrencies. They are used not only for purchases, investments (although can be high risk), tips, donations and online games like Second Life.
After reading about some of the basics and precautions you can get started by getting a wallet and purchasing some coins. If you cannot afford to purchase some you might want to check out the faucets that drip coins for free usually involving watching some advertisements. Wallets can be on your phone (most are android but there are some for IOS), on your computer or the safest being hardware wallets that work with your USB port on your computer.
Here are a few parting words on cryptocurrencies to summarize this page. Contrary to popular believe, transactions are not necessarily completely anonymous depending how, with what cryptocurrency and where they are sent. Your coins are stored in the block chain and not really in your wallet. As long as you keep your private keys and seed words safe you can always restore your wallet even if your computer crashes, phone dies or flash drive malfunctions. Never share your private keys or seed words with anyone if you do not want to lose your coins. There are transaction fees paid to the miners for sending coins. The fees depend on the coin and the amount of traffic at the time. For everyday use Bitcoin has become rather expense to use. Ethereum is widely used particularly in Europe and has much lower fees. Dogecoin was started as a joke from an internet mime of a Shiba Inu dog but has risen to a US penny a coin in value at the time of this page. It is a great way to learn how cryptocurrencies work without a large investment.
Donate BTC: bc1qut6c8t9d507hw9vt5gk88c61wnpy84m3cpajz0
Donate ETH: 0x0f50d3fbe89b8b54ec767e12c3881969803415c0
Donate DOGE: DGSHF257epi99ku6b6DQjFqh3JiDJzCeFi