bitcoin.....bit your coin.....a cryptocurrency....form of digital currency
November 16, 2017 4:24am CST
it is a coin that you bit...but in cyberspace....bitcoin is a cryptocurrency.... when we put our money here in online banking especially in blockchain.info or com it is a conversion of bitcoin, it is stock market dollars and other conversions. I will tell you my experience, bitcoin is not bad, it is we who will decide to deposit or not. but I try to do it by curiosity and it happens that when I deposit my $5 for 3 years, it increases to $10. I don't gamble my bitcoin in any game, but I am happy to look at its increases every second the stock market. I start this by depositing my peso to coins.ph and transfer by using copy- paste my bitcoin address to blockchain.info or com. when it happens to increase I withdraw the amount from blockchain to coins.ph again by copy-paste again. I practice this system in a small amount. I tell to aware of this bitcoin, this is not bad, but be careful of hackers, they can withdraw your money without your notice. take note: protect your password and your username. but to be sure do not get involved in this transaction so that nothing lose you. for there is no regret at all. is that ok?
15 people like this
@FayeHazel it depends on where you are from. Some countries do not support CryptoCurrency. Since you are from the US, you can use Coinbase.com and no need to transfer coins to Blockchain.info because of blockchain FEEs. Coins.ph is for Philippines. Malaysia has Coins.my. Each country has their own Bitcoin Wallet providers. We need a local wallet to cash it out in FIAT (USD, GBP, EUR, etc.). Only Singapore is supported for Coinbase in Asia to date. I have a Coinbase account created in 2015 but I can only use it to buy/sell if I am in the USA or other supported countries.
• Genova, Italy
I hear a lot on the network in this last period about Bitcoin. I understand that it is a new kind of currency. However, you do not find a little bit an increase of 100% in the time of three years? Besides, you say that there are risks too!
Why transfer to Blockchain.info or other wallets and pay blockchain FEE when coins.ph has BTC Wallet ????? All we need to do is press the CONVERT button after cashing IN to coins.ph thru 7-11 stores, GCash, etc. I use Blockchain.info, Coinbase, Xapo, Coinpot, etc. only to receive payments from paying sites/apps that does not pay direct to Bitcoin Address like STORM PLAY (former BitMaker) that only pays thru Coinbase and Xapo. bitLanders paid us Bitcoin before thru Blockchain.info. But if we cash IN locally, NO NEED to transfer funds to external wallets. Coins.ph is a Bitcoin company and it is no longer practical to send funds to other Bitcoin Wallets this day because of the recent blockchain FEE increase from 0.0001 to 0.0015 BTC. Because of this higher fee my favorite android app that pays Bitcoin increased minimum cashout too from 20,000 to 50,000 Satoshis.
• Dipolog, Philippines
@kepweng, no, my friend, when you get into practice bitcoin you learn a lot of it... it is only converted by the system....from peso to dollars to bitcoins... and vice versa for withdrawal .that is only the process...by the system and you just visit the site only and watching the increase by seconds of your money.....it is very happy to see moving your money increasing it is a stock market to be called, just visit every day your account.