Month: July 2022

Did you know that Bitcoin made history as the first cryptocurrency when it was invented all the way back in 2008?

Since then, the world of cryptocurrency has grown beyond most people’s expectations. Now it’s seen as a force for good when it comes to buying, selling, and trading independently. However, there are still plenty of people who aren’t familiar with how everything works.

Are you wondering what you need to know before buying and trading crypto? Keep reading for a brief intro to blockchain and cryptocurrency.

What Is Cryptocurrency?

Cryptocurrency is a type of digital currency separate from a government institution. Instead, all the transactions are verified and logged into a decentralized system. Whether you’re dealing with Bitcoin cryptocurrency or another type of crypto, this still applies.

So far, there are more than 19,000 cryptocurrencies out there, although most of them aren’t worth much.

If you want to start buying or selling crypto, then you’ll need a wallet. Instead of a folding piece of leather, the wallet is digital like the currency involved. A cryptocurrency wallet contains your passwords, otherwise known as private keys, which are essential to any transaction.

The wallet can take the form of a phone app, a desktop app, or it could even exist on the internet alone.

What Is Blockchain Technology?

As mentioned earlier, cryptocurrency transactions are made possible through a decentralized ledger. This ledger is also known as a blockchain.

Once you receive verification of a transaction, it’s recorded on the ledger. This means it can never be changed afterward. You can rest easy knowing that the security is superior to other methods.

You’ll be glad to know that blockchain’s benefits don’t stop there. Since the tech is so sophisticated, a middle party isn’t needed for transactions. By avoiding the headache of banks, for instance, your transactions will process more quickly and you won’t have to pay extra for every single transaction.

Since blockchain technology is so useful and state-of-the-art, even many banks use it for their own transactions now. This is also true of other industries, such as information technology, finance experts, and more. Blockchain technology has even given birth to smart contracts and a phenomenon known as NFTs.

Another benefit of the blockchain is its transparency. Instead of the records staying secretive, you can see all your transaction and other relevant information with ease.

After This Intro to Blockchain and Cryptocurrency, You’re Ready

Now that you’ve learned the basics with this intro to blockchain and cryptocurrency, you’re ready to start joining the world of independent exchanges and more. As you get more and more used to how things work, you can start diversifying your financial portfolio and making your money work for you instead of the other way around.

With our free crypto Faucet tools and Altcoin Exchange for trading, we make things as easy as possible. Whether you prefer the most popular crypto or opt for something else, we’re happy to accommodate you.

Be sure to go here and start earning crypto.

Did you know that almost 20% of Americans have bought, sold, or traded in cryptocurrency at least once?

If you’re thinking about getting into crypto for the first time or increasing the amount you deal with, it’s crucial to learn how to keep yourself protected. For instance, you should learn the ropes when it comes to crypto keys. That way, you won’t be susceptible to hacks.

Are you wondering what tips you should be aware of? Keep reading to learn all about how to manage your crypto keys.

Three Types of Wallets

Simply put, a crypto wallet is designed to hold your public and private keys. These are the keys you’ll need whenever you want to complete a cryptocurrency transaction. The security you have will depend on the type of wallet you’re using.

For instance, there’s a mobile app wallet for public keys. Most people use this app for retail transactions. Just be sure to keep your phone safe because you may end up losing your wallet if you lose the phone.

It’s also possible to keep the keys on your computer with the power of a desktop wallet. While you’re less likely to lose a computer than a laptop, this type of wallet is more susceptible to malware and phishing scams.

The best solution is to have an online wallet through a cryptocurrency exchange. This is something you can access from any internet connection so you don’t have to worry if you lose a specific electronic device.

Added Crypto Key Management Security

Are you wondering how to keep your keys safe aside from using exchange default wallets? The good news is that there are many methods available to you. For example, if you have a mobile app wallet or a desktop wallet, then you can keep them in a physical safe when you’re not using them.

Don’t forget to activate two-factor authentication so that even if someone tries to gain access to a device, they won’t succeed unless they have access to another device. This ends up being next to foolproof.

Whatever you do, never share your passwords with others. It’s not so much a question of trust as it is security. The more people who know your password, the higher the chances it can get in the wrong hands.

Are You Ready to Manage Your Crypto Keys?

Now that you’ve learned how to manage your crypto keys, you won’t have to worry about them and other sensitive data getting stolen. That way, you can continue to buy, trade, and sell crypto without a hitch.

We’re proud to support only the best cryptocurrency, such as Clamcoin, Namecoin, and Mazacoin. We make it easy to trade these coins and others with our free and easy-to-use Faucet tools. If you’re a fan of crypto, then you’re welcome to claim your free stickers with free global shipping.

Don’t hesitate to contact us with any questions you may have.

Did you know that around 21% of surveyed Americans reported using or investing in cryptocurrency? Even though the financial industry has tumbled through a rough year thus far, cryptocurrency remains a popular investment for many young adults. 

Bitcoin is by far the most popular cryptocurrency, with many others considered “altcoins.” These altcoins have the potential for substantial gains and investments, such as Namecoin. If you have closely followed Bitcoin’s history, you may be familiar with Namecoin’s origins.

If not, that is where we come in. In our short guide, we have compiled everything you need to know about Namecoin, including how it got started, its current value, and future projections. Keep reading on until the end and find out about how you can start exchanging Namecoin today. 

What Is Namecoin?

Namecoin is derived from Bitcoin and was originally forked from Bitcoin. A forked blockchain makes the new one incompatible with the original cryptocurrency. From here, Namecoin became its own blockchain with a decentralized domain system name. 

It uses open-source technology aimed at improving security and decentralization. Namecoin’s structure is also to reduce censorship.

Beginning in 2010, Namecoin is also prone to similar volatility as other cryptocurrencies. Namecoin or NMC average prices for this year are around $1.61. 

With recent downturns, Namecoin’s current price is approximately $1.23, with the potential of increasing to $2.36 by 2023. Is it a good long-term investment?

Many do believe that investing in Namecoin could be beneficial. The value continues increasing, with projections hitting $42.58 by 2031. 

Namecoin vs. Bitcoin

In the crypto community, everyone knows Bitcoin. But is Namecoin another alternative option that can give you a good return on investment? Since Namecoin has many foundational blocks as Bitcoin, the two are very similar. 

However, Namecoin’s initial creation was not as a cryptocurrency tool. Instead, it was designed to decentralize DNS. As it has progressed and developed, Namecoin is used for both, including decentralizing DNS and providing cryptocurrency alternatives. 

The key difference is while Bitcoin aims to decentralize money and offer virtual currency, Namecoin aims to free other technologies, including DNS. You can use Namecoin to make web pages more resistant to censorship, attach identity information to email, and access websites using .bit.

How To Buy Namecoin

You can buy Namecoin through online cryptocurrency trading sites. Often, you can trade your current Bitcoin for Namecoin or offer cash payments. Since fees can often accumulate, it is likely in your best interest to use existing popular cryptocurrency for transactions. 

Trade or Buy Namecoin

Trading platforms that specialize in peer-to-peer transactions make it easier for you to trade, sell, or buy Namecoin. FreeBitcoins’ XChange platform specializes in enabling customers to interact with one another on a safe and compatible trading platform. 

Namecoin is an altcoin with several purposes outside of currency, making it an excellent option for those interested in the tech-savvy world, including decentralized DNS and reduced censorship. 

With as many available mined coins as Bitcoin, the two operate fairly similarly. To get started, visit FreeBitcoins XChange today!

What originally started as a meme and Twitter-fueled joke has now become one of the most popular cryptocurrencies. 

Dogecoin took the world by storm in 2013. There was no escaping the snide smile of the crypto’s mascot, the Shiba Inu. People were curious to see how the currency would hold up against Bitcoin. 

Bitcoin is another type of popular cryptocurrency, created in 2009. When Bitcoin launched, Americans didn’t know how to feel. The country was slowly crawling out of an economic recession at the time. 

If it all seems the same to you, we understand the confusion. Crypto is overwhelming, but we’re here to break it down. Check out our guide below where we chat Dogecoin vs Bitcoin. 

Sophistication vs Meme Culture

Much of the differences surrounding Bitcoin and Dogecoin come from the attitude in which they were created. 

Bitcoin is the original cryptocurrency and sparked a digital revolution. The elusive creator has yet to make him/herself known, despite being able to see the success Bitcoin has achieved. 

Dogecoin, on the other hand, was created first as a joke. But the public was much too excited to invest in the joke, and Dogecoin blew up!

When comparing cryptocurrency types, Bitcoin is often regarded as the more sophisticated brother of the 2. Dogecoin is the goofy, friendly brother that just enjoys hanging out. 

We’ll get into some of the finer details now. 

Transaction Fees & Times

One of the major Dogecoin benefits is fast transaction processing times. Bitcoin is extremely popular, causing it to often become congested. 

Dogecoin’s transactions only take a couple of minutes to complete, meaning it only takes a couple of minutes to add new transactions to the blockchain. 

As far as transaction fees, Bitcoin allows you the option of a speedier transaction but at a higher price. Bitcoin tends to have higher transaction fees in general. 

Supply

Believe it or not, there’s a cap to the number of available Bitcoins in the world. There are 21 million coins in total. 

With Dogecoin, there’s no limit. You get a coin! And you get a coin!

Proof-of-Work Method 

When comparing Dogecoin and Bitcoin benefits, you’re guaranteed to see a lot of overlap. The creators of Dogecoin utilized a good-sized chunk of Bitcoin’s source code. 

Both currencies use a proof-of-work method for consensus. This means that specific people who are referred to as miners, set out to validate transactions once a block on the blockchain becomes full. 

Think of it as a group of people using fancy computers to solve difficult math problems. 

Your Ultimate Comparison Guide: Dogecoin vs Bitcoin

People were skeptical about the success of crypto technology. Now, there are thousands of different types of crypto available, including Dogecoin and Bitcoin. 

If you’re interested in investing but need a quick comparison, keep the above Dogecoin vs Bitcoin guide close. Or, diversify your portfolio by investing in both!

Explore the rest of our site for more hot crypto news and gossip. We also offer easy-to-use faucets and trading tools. Contact us with any questions or concerns. 

56% of American adults have bought cryptocurrency in the past. 

Our world has evolved from trading chickens and textiles to trading digital currency. Cryptocurrency is still an evolving concept with many people still not quite understanding how it works. 

If you’re someone just now diving into the world of cryptocurrency, you’ve probably seen plenty of ads for crypto wallets. The amount of choices is overwhelming!

We’ll help you make your selection with the guide below. We’ve highlighted our top 3 choices for the best wallet for crypto in 2022.

What Is a Crypto Wallet? 

It’s essential to understand the function of a crypto wallet. Much like your physical wallet, it holds and protects access to your digital assets. 

The wallet protects your digital keys, the passcodes that allow you to send, receive, and trade cryptocurrency. They came in different forms such as:

• Hardware wallets
• Software wallets
• Web wallets

When selecting a wallet, select one that a) allows you to reach your specific crypto goals and b) best fits your lifestyle. For example, if you’re an on-the-go trader, select a mobile wallet that’s ideal for making trades. 

1. Coinbase

Beginners rejoice! Coinbase makes owning a Bitcoin wallet simple. 

Before taking a deeper look into Coinbase, their wallets only allow you to trade Bitcoin currency. However, you can store NFTs in your Coinbase wallet. 

The interface is straightforward and easy to figure out. Coinbase connects to a large variety of banks and relies on top-notch security to protect access to your wallet. 

2. eToro

For those wanting to extend beyond Bitcoin, eToro is one of the best types of crypto wallets available. 

eToro allows access to over 30 types of cryptocurrencies, and the wallet is licensed by the Guernsey Financial Services Commission (GFSC). This is a major benefit when looking for a wallet you can trust. 

However, there is one significant downside to eToro. It’s not available in every state, including Hawaii and New York. 

3. Guarda  

This multi-platform wallet is a suitable crypto wallet for any level of user, from beginners to pros. 

Guarda supports over 50 different blockchains and comes with some of the best customer services we’ve seen! They’re always available for your questions and concerns. 

Whether you want to buy, sell, trade, or borrow crypto, you can do it through this wallet. Creating a wallet is free, but we will warn you about the slightly high in-app fees. 

Cryptocurrency in 2022: The Best Wallet for Crypto

Protecting your digital assets is crucial, especially if you’re dropping major bucks buying cryptocurrencies and NFTs. Secure your assets with a crypto wallet. 

Ultimately, your personal preferences will determine the best wallet for crypto. But we’ve provided a great starting place with the list above. Make sure to visit each wallet’s site before making your final decision. 

Check out the rest of our site for more hot crypto news! FreeBitcoins also offers swap, faucet, and exchange tools for crypto owners. Try out our swap tool today. 

People have already mined over nineteen million bitcoins out of a possible twenty-one million. It is getting harder to mine them, and so people are looking for new ways to receive Bitcoins without buying them with their fiat currency. This is where FreeBitcoins.com comes in, but what does this site do?

On this page, we will explain to you how FreeBitcoins shares Bitcoins with the world via its Bitcoin Faucet. By the end, you will understand the purpose of the site and how it can help you network with other crypto traders to get the best information available. The future is here, so what are you waiting for? 

What Is FreeBitcoins.com?

This site is a location with many different facets to it. First of all, it provides a location where you can earn cryptocurrency through the completion of simple CAPTCHA tests. Although on top of that, it then lets you exchange this currency with other users or the site itself.

Finally, FreeBitcoins.com lets you do this all without registering an account. This gives extra privacy and allows you more freedom when trading.

The owners launched the site in 2010, with a smaller offering than it has now. Back then, Bitcoin was worth much less, and as such everybody who invested in free Bitcoin at that time would have earned a lot by now.

The site allows you to exchange through many different forms of cryptocurrency. This means that you have many options if you want to get started earning or exchanging.

The main three parts of the site are the:

FreeBitcoins Faucet. This lets people earn crypto by performing small tasks for the website.

FreeBitcoins XChange. A tool that Bitcoin traders can use to exchange bitcoin for other currencies on the website.

FreeBitcoins Swap. This allows users to exchange bitcoins without registering on the website.

On top of this, the site also includes an affiliate program. Those who get people to sign up using their affiliate link will get a part of all their trades and swaps that occur on the site.

The site prides itself on not involving itself with fiat currency in any way. This means that they have the freedom to operate outside of restrictions that fiat banks are under. They can also pivot at a moment’s notice should new laws come into effect that might affect them.

Goals

FreeBitcoin.com has philanthropic intents behind its work. Every day, they try to create a place that is safe for crypto users to exchange their currency without having to use fiat methods.

For this reason, the site eschews all fiat currency. It positions itself in a place that allows it to give its users a complete haven from needing to worry about such things.

Because of this, FreeBitcoin.com will never seek to become a bank of any type. This is a major motivation for the site and one that helps them find their niche in a world where crypto is being treaded more seriously every day.

Bitcoin Faucet

This tool allows visitors to FreeBitcoin.com the opportunity to earn cryptocurrency. As a user completes work in the form of CAPTCHAs, the crypto transfers straight to their FreeBitcoins account. This allows them to use it straight away instead of needing to reach a critical mass of currency like some other sites or apps demand.

If the user’s Bitcoin amount is too low, they can instead buy an altcoin and withdraw that instead. 

This process gives people two major benefits:

First, they can earn small amounts of Bitcoin for themselves that they can use as they see fit. As many users do not want to or are unable to, exchange fiat currency for crypto, this can be a good stepping stone.

Second, it allows users to try out FreeBitcoins’ offerings without needing to transfer their crypto. They can earn a small amount of the crypto they wish to try out and try the features of the site without any risk to themselves.

The Work

When you access the FreeBitcoins faucet site, you will see a simple CAPTCHA program presented to you. After solving this, you can receive a small amount of crypto in the currency that you prefer. The most popular coin for this is Bitcoins, and as such, this is the first one offered to you, although others are available. 

As you continue to solve CAPTCHAs, you earn more crypto and can continue to do this as long as you would like.

How Does FreeBitcoins Make Money?

As FreeBitcoins exchanges occur, they charge a small amount for the benefits that using their exchange gives. Over time, this money starts to add up, which means that they have plenty to give away. Although, of course, they never give away more than they can afford.

This system allows FreeBitcoins to continue to give free crypto away to those who earn it through a simple task. It benefits its users and gives people a reason to return to continue to earn Bitcoin or other currencies again and again.

On top of this, FreeBitcoin also aims to encourage more users to exchange cryptocurrency. The thought is that the more people are using crypto, the more accepted it will end up being in the world. As it becomes more ubiquitous, it also becomes more valuable to the world.

To this end, other people also donate to the Bitcoin faucets that they provide. Over time, this spreads the money out among many more wallets and helps to make Bitcoin more widespread.

Bitcoin XChange

For those who already have cryptocurrencies, but wish to find buyers or sellers, the Bitcoin XChange is the perfect tool. Users can use it to trade any from a long list of cryptocurrencies in exchange for Bitcoin.

This service is available worldwide, so you can expect that people are trading at all times of the day. As the process is a simple one, people from all walks of life can get involved in the trading process.

If you have not tried using a crypto exchange before, you can always use the Bitcoin faucet and trade using the money that you earn there. This allows you to gain confidence in the use of the Bitcoin XChange before you dive in with your crypto.

When you make a trade on the XChange market, you will also be helping others using the site. If you picked up an affiliate link on first using their site, you will grant a percentage of the trade to the person who gave you the link.

FreeBitcoins’ site explains that it makes use of two different kinds of trading orders. These two will lead to different experiences with the XChange market. They are named “Limit Orders” and “Market Orders”.

Limit Orders

If you create a limit order, you name the best price that you would accept for an order. If people are willing to trade at that price, then you will find people buying or selling at that rate. If you aim to sell too high or buy too low, you may find it hard to find an exchange using a limit order.

Market Orders

Market orders ignore such limits. Instead, they try to make the exchange as fast as possible without accepting that the rate may be too high or low.

If the price for you to buy at is too high, or the price to sell at too low, you might find yourself skewing your funds. This might end up with you losing money fast. So, keep an eye on the prices on the market at all times.

You should also take note of the fact that, unlike limit orders, you cannot cancel market orders once you create them. This puts the risk entirely in your hands, and as such, you should make sure that you do your research before engaging in this kind of trade.

What Cryptocurrencies Does FreeBitcoin Support?

FreeBitcoin allows you to earn crypto in the following currencies via their Bitcoin Faucted program. On top of that, you can trade Bitcoin on the Bitcoin XChange in exchange for any of these cryptocurrencies:

• 42Coin
• Avalanche
• Bitcoin Cash
• Clamcoin
• Curecoin
• Dash
• Digibyte
• Dogecoin
• Ethereum
• Florincoin
• FreeBitcoins Tokens
• Gapcoin
• Litecoin
• Mazacoin
• Monero
• Namecoin
• Particl
• Qtum
• Rhombus
• USDC.e
• USDT.e
• Wownero
• ZCash

FreeBitcoin has added more cryptocurrencies over time, and should more be viable they will add more options to this list.

Bitcoin Swap

Besides its Bitcoin XChange program, the site also provides a tool that does not need you to register. The Bitcoin Swap application uses the XChange API but does not need the user to create an account on FreeBitcoin.com. 

Via the API, the user must choose which crypto they wish to deposit as well as what they want to receive. FreeBitcoins will give the user a deposit address, and requires the location to send the exchanged coins to.

During the exchange processes, Bitcoin Swap will charge a total of 1% of any trade. This ensures that the site can remain open and that those maintaining the site receive the proper payment.

On top of this, the site charges a small miners’ fee. Compared to the flat fee of the Bitcoin XChange, you should be aware that this fee matches the miners’ fee exactly.

When making a Bitcoin Swap trade, you cannot create Limit Trades like you can with the XChange. This means that the trade will occur at the best price when the trade happens. You can also not stop this trade once you have posted it.

When you make the exchange, the funds do not transfer through a third party. FreeBitcoin has its own exchange that handles all transfers, to avoid problematic or sketchy exchanges. This assures you that you need to know that your coin is in good hands.

FreeBitcoins.com Affiliate Program

The affiliate program is how FreeBitcoin.com rewards you and others for using their site. Its main purpose is to give back to its most loyal users in a way that helps them earn even more.

In short, affiliates earn an amount of cryptocurrency over time. They get this every time their linked user engages with the site in a way that earns or transfers cryptocurrency. The site even offers specific banners to help people link to the site on their preferred website.

FreeBitcoin encourages users to spread their affiliate links around to try to get as many users as possible to sign up. This will earn the affiliate the largest amount of crypto, without them even needing to do anything.

The details of the affiliate system work as follows:

If a user creates an account, the person who most recently linked them to FreeBitcoin.com becomes an affiliate.

If a linked user engages with the Bitcoin Faucet and earns cryptocurrency of any kind, the affiliate will earn an equal amount of currency.

If a linked user makes use of the Bitcoin Swap system, the affiliate will earn 50% of the fee for this trade.

If a linked user makes use of the Bitcoin XChange system, the affiliate will earn 50% of the fee for this trade.

The affiliate receives payment once every fifteen minutes. It appears as crypto in their Bitcoin XChange account. They can use this straight away.

There is no limit on the amount of currency that an affiliate can earn.

There is no limit on the amount of time an affiliate can continue to earn based on the actions of their linked user. 

Find Out More About FreeBitcoins.com

Now that you know so much more about FreeBitcoins.com, you have the opportunity to earn your own crypto through the Bitcoin Faucet and other areas. It is an expansive and powerful opportunity to get started in the bitcoin market.

If you still have questions, though, the site has many resources available for you to get you up to speed. You will be up and running earning free bitcoins in no time at all. All you need to do is check out the Bitcoin Faucet page to learn more.