Showing posts with label Bitcoin 101. Show all posts
Showing posts with label Bitcoin 101. Show all posts



Faucet SiteMin CashoutTime IntervalP. Method
777 Bitco0.00025000 BTC15minDirect
Digital Artist20000Satoshi

DailyFreeBits500 Satoshi60mFaucethub

FreeUSD0.002-200 USD30mDirect (Paypal or Bitcoin Address













What is Bitcoin?
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.
It’s the first example of a growing category of money known as cryptocurrency.

What makes it different from normal currencies?
Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.
However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

Who created it?
A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

What is Satoshi? 
A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC.

100,000,000 Satoshi = 1 BTC (bitcoin)
1BTC= 13,049 Pesos (sometimes it goes down to 10-12k but it could also go higher) was founded in the year 2014 based in Manila Philippines. They aim to provide money transfer though mobile device that's easy and hassle free by means of Blockchain Technology. launches the first mobile bitcoin exchange in the Philippines. Just like Paypal, its now a better way to transfer cash, pay bills, and load your phone. It's affordable and reliable money transfer that can be access through a mobile app. You can download it for free on Google Playstore. Bitcoin Wallet supports 2.3.3 and above. is one of the leading and most trusted digital currency in Southeast Asia that provides SSL connections, AES-225 Encryption and 2-Factor Authentication for secure transactions and services.

You can sign up and gets ID verified to get FREE 2000 bits no minimum deposits, and no monthly fees.


7/04/2015 is the  first mobile bitcoin exchange in the Philippines. It's a quick way for you to transfer cash, pay bills, and top up your phone. You can exchange bitcoins to philippine peso, Pay for tuition, insurance, phone, utility bills, and even top up load (TM, GLOBE, SMART or SUN)

Here's my transaction history with my coin wallet since I made my bitcoin wallet. 

To Buy Prepaid Load:
  1. Go to Buy Load.
  2. Load any Globe, Smart, TNT, TM or Sun mobile prepaid number.
  3. Receive rebates straight to your wallet in PHP. 
*Forgot to take the screenshot when I bought prepaid load but I guarantee that the transaction is very fast.

For Bank Transfer:
  1. On ‘Add Money’, select BPI Online Banking via DragonPay.
  2. Enter the amount you want to cash in and click on ‘Pay with DragonPay’.
  3. Initiate payment via BPI online fund transfer.
  4. Validate your payment with DragonPay by inputting the last 6-digits of the reference number.
  5. Receive funds to your wallet in 10 minutes or less!
* Base on my experience took 21 hours before I got the money on my bank account. Maybe because it's already around 5PM when I made the transaction