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I respect it as a first step to get familiar with Bitcoin in general. Also, it is interesting to find out what kind of services are enabled through frictionless money transfers.

Lend directly to someone you know. This allows you to check personally, whether you regard the debtor as

Only need to agree on the conditions such as duration and interest rate and off you go. The downside is, however, you probably will not have too many acquaintances that

Peer to peer Bitcoin lending sites with listings from various borrowers are another option. Bitbond

And you can contribute to their loan. You can fund small portions of many loans and thus diversify default risk.

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Bitcoin loans generally work exactly the same way as fiat currency loans. The borrower receives a certain amount of money over a specified time

and repays the money with interest. There are just two things that you need to be aware of when you lend Bitcoins. The Website needs to be reliable and

The borrower needs to be trustworthy. When the site assesses the creditworthiness of the applicants

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A Bitcoin banking like version. Here you put your Bitcoins as a deposit with a website that pays you a fixed interest rate on those deposits. As everything

This method has advantages and disadvantages. The fantastic thing is, that you don't need to diversify your Bitcoins over many borrowers. You just place your Bitcoins together with your

Bitcoin bank and that is it. You earn Bitcoins as a steady flow of interest income. But be very careful. In the previous case of peer to peer lending you diversify your

You hope one single debtor that's the bank. If they don't do a good job in managing your Bitcoins, everything

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Can be dropped at once. That is because the bank takes you deposits and invests them in assets, the most important resources generally being loans. If they do a Fantastic job you are fine

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As you just accumulate the interest payment. When they don't do a fantastic job you take the hit. An there is no deposit insurance in the Bitcoin world, also.

You hope. Such sites will comply with the typical content requirements that you expect from non-Bitcoin related sites too. That means they've

Appropriate conditions and conditions in place, they disclose their status of incorporation and contact details. Some sites in the

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When you perfom mining, your computer adds new Bitcoin visit our website transactions to the block chain (a public ledger where all

Bitcoin transactions are stored) and hunts for new cubes. A block is a record which has the most recent Bitcoin transactions

Listed in it. When your computer discovers a new block, you receive a certain number of Bitcoins. Currently a block contains BTC 25. This number changes

Since bitcoin mining has become a hardware intense and therefore expensive process, many individual miners join a so known mining pool.

By providing computing power to their pool you can earn Bitcoins from mining without the need to build your own huge mining plantation. There are entire communities around

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Bitcoin mining and moreover the fact that you earn Bitcoins it's also fun. You meet new people online and get in-depth knowledge about Bitcoin as a protocol and technology.

If you want to earn Bitcoins through mining, bear in mind it is a costly and time consuming process. Read the various introductions and

When you earn Bitcoins through tips, it's much like accepting Bitcoin as a means of payment. You need a wallet, a QR-code with your Bitcoin address on it and the people

Who can potentially offer you a tip need to be careful of it. There are various places where you can receive Bitcoin tips.

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Again, your shop is the first thing to begin with in case you have one. It's just a bit easier because since hints are voluntary you don't

Really need to look at the incoming payment and the specific amount. Simply show the QR-code and assess daily exactly what came in.

With hints, the nice thing is you don't necessarily need to have a shop. A blog for instance or any other website is sufficient.

You can display the QR-code or just your Bitcoin address at the bottom of your page or wherever it seems convenient and let people decide how much

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they want to tip you. You can also see how this seems like in the footer of the German blog bitcoins21.

Another really cool way to get tipped online is Bitfortip that was already mentioned above. This service allows one

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