Bitcoin Digital Currency – How Does It Work?
For a few months now those wishing to purchase Casascius physical bitcoins using a credit card or PayPal have been served thanks to the online vendor Memory Dealers. The operator of Memory Dealers, Roger Ver (@RogerVer) announced however that PayPal is yet again in the process of putting a stop to the use of PayPal for purchasing bitcoins.
Memory Dealers will continue selling bitcoins until PayPal takes action, apparently. This means those wishing to buy have just a short while to get their orders in. Casascius products available through Memory Dealers include the 1.0 BTC Casascius physical bitcoin (both v1 and v2), the 10.0 BTC Casascius silver bitcoin (1 Troy Ounce .999 Silver Round), and more pricey offerings as well.
Casascius also sells all of the coins directly however when purchasing from their site bitcoins themselves are the only method of payment allowed.
Though bitcoin is a digital currency normally intended for online use, bitcoins can be made to have a physical form as well though each implementation has advantages and disadvantages. BitBills were the first physical bitcoin introduced in early 2011 and months later Casascius introduced their physical coins. PrintCoins.com have also been selling a paper-based physical bitcoin product as well. All three methods use a hologram to keep protected the private key, though the customer must trust that the issuer is honest and has a secure method for manufacturing.
Bitcoins are easy to use ,and now you can buy them in under an hour.Just fill out a cash deposit order ,drive to any branch of one of the big banks and deposit cash with the account details Quickco.in provide to you .
Then bitcoins arrive in you’r email inbox and you can do whatever you want with them.
- No bank account needed
- No exchange account needed
- No bitcoin account needed
Bitcoin is global.
Bitcoins can be transferred to and from anywhere with internet like email. There are peer to peer nodes that support the bitcoin system all across the world. When someone sends bitcoins, they are visible to the reciever instantly, and can be spent within about 15 minutes.