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How To Exchange Bitcoins For Money



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Similar Questions for How To Exchange Bitcoins For Money from Yahoo Answers

Question
How can I make fast money online to my paypal account in 10 days?
I need it in my paypal account in 10 days, any ideas? I need around $10

Answer
You will never have to pay anything or enter your credit card information on any of these sites. You also don't have to give them you cell phone number either, which I never like to do. You will have to give them a valid email address so they know where to contact you with new surveys, polls, and updates on how much money you've earned. Don't get me wrong - you won't get rich off of any of these sites. You will make some spare cash and get a few gift cards. This is great for anyone who is looking to make a small amount of extra income. You don't need any special qualifications. Anyone can do this. Global Test Market - earn cash for taking daily online surveys. These are fun to take, and I love easy money :-) You'll rack up the dough with this site! Ipsos Survey Panel - A tried and true place to get paid for simply taking surveys. They pay quickly and promptly too. I am a huge fan of this company. Swagbucks - Earn gift cards, MP3s, and other goodies for searching the web and helping with tasks. They have $5 Amazon gift cards that I can usually earn in a week or two. I'm addicted to this site! Download their toolbar, and you'll get codes as you surf and search the web that add up to prizes. This is seriously a lazy person's way to score freebies. MyPoints - Score gift cards to practically any store and restaurant for taking polls and clicking on emails. These people have been around forever, and you've probably heard of them before. I call this my free Starbucks for surfing the web plan. Surveyhead- Get paid to shop! Isn't that the dream? This company will pay you $5-$20 for each shopping survey you take on your phone. You can also get paid to try out new products and give your opinion on commercials. Get a $5 today for signing up. HCD Surveys - Ooooh, this is one of my favorite survey companies. They pay you to take really interesting surveys on things like American Idol and pop culture. Heck, I would take these surveys for free... but they are actually paying me! BitVisitor - Have you heard about BitCoins yet? They are a digital, private, and anonymous currency that allows you to buy whatever you want person to person. You can use them in any country, your account can never be frozen, and there are no banks involved. Sound cool and intriguing? I think so! Check out BitVisitor, where you can get free BitCoins every day for visiting interesting web sites. Use your BitCoins to buy video games, books, or alpaca socks ;-) Or you can exchange them for virtually any currency - like dollars and Euros.



Question
How does bitcoin work?
I read many articles on the web about bitcoin, but the concept is still obscure for me, Can anybody provide us with highly fathomable and piece of a cake clarification for the concept, and considering telling us what blocks, hashes, nonces and other terms mean?

Answer
What is Bitcoin? Bitcoin is a free (as in speech and as in beer) program that allows you to securely and anonymously send money over the Internet – without paying any fees. How do I use Bitcoin? First off, download the program from the [project website]. Once you have it installed, you can get your first 0.05 BTC for free from [Bitcoin Tap], and then purchase more at [an exchange]. Now open the program, click send, and enter an address and amount. You will receive Bitcoins automatically when they are sent to you, even if your computer is off. How does Bitcoin Work? Think of a single Bitcoin as a large sheet of paper watermarked with a serial number. To send a Bitcoin to someone, you write their name on the paper, sign it like a check, and then post a copy in a public location. They can then resend it to someone else, and so on. Wait, I thought you said “anonymously”! Although every transaction is publicly visible, it is in most cases impossible to trace a Bitcoin address back to an individual. Also, you may create a new address for yourself at any time. Does this mean Bitcoins aren’t divisible? Not at all! The actual process if far more complicated than that (and automated). Rest assured that your Bitcoin transfers are accurate to 8 decimal places. What stops the same coin from being sent to two people? Because every Bitcoin user keeps a log of every transaction, this would be noticed immediately, and only one person would actually get the money. To be safe, don’t assume you have actually received a payment until it is marked with at least 1 confirmation. What is Bitcoin Mining? The Bitcoin network has no centralized infrastructure, but rather depends on the contributions of individual users to function. You can contribute to the network be checking generate Bitcoins and [forwarding a port], and you will be [paid modestly] for doing so. Where are my Bitcoins stored? On the your hard drive. Make sure to backup frequently! Alternatively, you can place them in a [wallet service] for safe keeping and easy access from other computers. Hey, I though you said “without paying any fees”! Transaction fees are entirely optional and often unnecessary. You can, however, specify a fee to pay from the option menu, which usually results in your transactions clearing faster. Why are addresses so long? Addresses are randomly generated so as to preserve anonymity, and lengthy to ensure security. Use the address book feature to keep track of them



Question
Can you explain bitcoins in simple terms?
How much is a bitcoin worth in American money? Where would I get one? Could an evil person use bitcoins to avoid taxes? And please don't tell me nobody can game the system. Not in this life.

Answer
$4.80 is the most recent price I have seen. You can get them at Mt.Gox or other currency exchanges. The elements necessary to figure out who was behind a transaction are public, but so complex that it is assumed most law enforcement agencies would consider it not worth pursuing for most criminal activity. That of course can change, and the IRS would probably be one of the agencies most interested in expending the time and energy and computing resources to resolve identities if a significant drain on tax revenue were to occur. Bitcoins is still considered experimental by most people, including people involved in its creation. A simple explanation would be that it's a system that uses hashing, digital signatures and other cryptographic methods to establish a method for which the system itself and the sequential identifiers it places on events that occur during the exchange of bitcoins provide the security needed to allow people to trust the system as a fair way to ensure exchange on the terms agreed.




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