What is Bitcoin
Bitcoin is one of the biggest cryptocurrency in the world. It was invented in 2008 by a group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.
Facts About Bitcoin
- Launched in 2009, Bitcoin is the world’s largest cryptocurrency by market cap.
- Unlike fiat currency, Bitcoin is created, distributed, traded, and stored with the use of a decentralized ledger system known as a blockchain.1
- Bitcoin’s history as a store of value has been turbulent; the cryptocurrency skyrocketed up to roughly $20,000 per coin in 2017, but as of two years later, is currency trading for less than half of that.3
- As the earliest cryptocurrency to meet widespread popularity and success, Bitcoin has inspired a host of other projects in the blockchain space. (investopedia)
How Bitcoin Works
Bitcoin is one of the first digital currencies to use peer-to-peer technology to facilitate instant payments. The independent individuals and companies who own the governing computing power and participate in the Bitcoin network, are comprised of nodes or miners. “Miners,” or the people who process the transactions on the blockchain, are motivated by rewards (the release of new bitcoin) and transaction fees paid in bitcoin. These miners can be thought of as the decentralized authority enforcing the credibility of the Bitcoin network. New bitcoin is being released to the miners at a fixed, but periodically declining rate, such that the total supply of bitcoins approaches 21 million. As of July 2020, there are roughly 3 million bitcoins which have yet to be mined.3 In this way, Bitcoin (and any cryptocurrency generated through a similar process) operates differently from fiat currency; in centralized banking systems, currency is released at a rate matching the growth in goods in an attempt to maintain price stability, while a decentralized system like Bitcoin sets the release rate ahead of time and according to an algorithm.
How to Get Free Bitcoin
There are many platforms that offers to give free bitcoin to its users. Some of these offers to give up to 3BTC but most of the plaforms are fake. I will show a platform that wiill offers free bitcoin when you register on their platform. This platform is known as LUNO.
What is Luno
Luno is a cryptocurrency exchange facility that gives clients a technology platform to buy, sell and store digital currencies as well as pay for products and services using a cryptocurrency wallet.
It is available in over 40 countries including Nigeria. Luno is Africa’s biggest cryptocurrency platform that lets you buy, sell, store and trade Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and Bitcoin Cash (BCH).
Where is Luno available?
Luno is currently available in the following developing countries:
- South Africa
Luno is available in the following countries in Europe:
- Czech Republic
- Isle of Man
- San Marino
- United Kingdom
How to Open a Luno Wallet / Account
Step 1: Visit Luno.com
Step 2: Click on SIGN UP button on the top right corner of the page
Step 3: Put in your Email Address, Create a password and select your Country of Residence – and click SIGN UP.
Step 4: Visit Your Email Address Inbox to verify your account.
Step 5: Your official luno account is now open!
You can conveniently buy, sell or trade bitcoin securely on Luno now.
Immediately after registration,
- add this unique code “HP2BV9” to get the free BTC.
- You can do that by tapping the rewards menu item and Enter Code tab and apply your unique code in the field
- Now tap the Wallets menu item and then tap Buy and choose any crytocurrency you want to buy
- Deposit and buy the minimum required amount of crytocurrency (see the table below**)
The amount that needs to be bought/sold is currency-specific and is listed as follows:
Country Buy/Sell Indonesia IDR 500,000 or more Nigeria NGN 5,000 or more South Africa ZAR 500 or more Europe EUR 250 or more Uganda UGX 50,000 or more Malaysia MYR 250 or more
How To Get More BTC
- Sign into your Luno account and select Rewards from the menu
- You’ll see your personal invitation code and an ‘Invite Friends’ button
- Select the ‘Invite Friends’ button
- Select the platform you’d like to share your personal invitation code on (Facebook or Twitter)
- Alternatively, you can copy your unique signup link and share it elsewhere, like Whatsapp, email or on your personal website
Your unique link will then be sent as part of an invitation message via the selected platform.
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