How to Learn Bitcoin 2020 in an Easy Way (Updated)

Learn Bitcoin 2020 is a guide made by Crypto Directories it consists of different things that you need to learn in order to use bitcoin properly and avoid common mistakes.it starts from learning what is bitcoin next is how to get a bitcoin wallet then how to use it until you learn to earn your first bitcoin in an easy way.

Before you start to Learn Bitcoin there are few things that you need to know in order to use it properly and avoid the common mistake. Learning bitcoin this 2020 is not really that hard compare in the early days because there is already a lot of tutorials you can find about bitcoin.

Chapter 1 : Learn What is Bitcoin

• Bitcoin was the first decentralized digital currency, also called cryptocurrency. The digital currency is decentralized in the same way as the internet. Bitcoin is fairer because no single group can control or manipulate it. It works like cash that can be transferred fast and cheap 24/7 thru the internet across the globe. With Bitcoin, you can directly control the money yourself without going through a third party like a bank or Paypal.

• Bitcoin is Transparent because all transactions are stored publicly and permanently on the network and you can view it using Block Explorer, which means anyone can see the balance and transactions of any Bitcoin Address. the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. This is one reason why Bitcoin Address should only be used once. Always remember that it is your responsibility to adopt good practices in order to protect your privacy because Bitcoin is not truly anonymous but it depends on how you use it.

• Bitcoins are impossible to counterfeit or inflate. There is no central bank that can print more and more money to reduce the value. it is secure because it is based on cryptography and mathematics calculation. which means it is independent because no state, bank, or institution can control or manipulate Bitcoin. Perhaps the biggest advantage of Bitcoin is that your money is protected against inflation. Bitcoin has a limited supply to preserve the value of your money.

Now that you finish chapter 1 of learn bitcoin 2020 you can now continue and learn how to get your own wallet in bitcoin.

Chapter 2 : Learn How To Get A Bitcoin Wallet

Setting up your own Bitcoin wallet is easy in order to create your own bitcoin wallet sometimes you just need to register or download the wallet. You need to be serious while choosing a Bitcoin wallet because the wallet is something where you will store your bitcoin, which if compromised can result in you losing all your bitcoins. In Crypto Directories we have a list of trustable bitcoin wallets where you can choose. Start from Web wallet to mobile, desktop, and even hardware wallet.

Web Wallet

Bitcoin web wallets are the easiest and most convenient to use because you can access them thru online from anywhere in the world. As long as you’re connected to the Internet but are potentially less secure because it is usually run by a third-party.

Mobile Wallet

Mobile wallets are designed to run on your smartphone. They serve as a convenient wallet on the go for daily usage. Since mobile phones are such a big part of our daily lives. Mobile wallets are among the most popular type of bitcoin wallets.

Desktop Wallet

Bitcoin desktop wallets are downloaded to your computer, give you more control, and do not depend on third-party services. Bitcoin Desktop wallets require a day or weeks to download the entire blockchain before they are ready for use. Desktop wallets are installed on personal computers or laptops. If the device is constantly connected to the internet, they are secure but they are still not totally safe because it is vulnerable to various malware and computer viruses.

Hardware Wallet

Hardware Wallet is cold wallets that never comes in contact with the internet directly. If you decide to store large amounts bitcoins for the long term and want to know they are absolutely safe then you have to use Hardware Wallet.

Now that you finish chapter 2 of learn bitcoin 2020 you can now proceed and learn how to use bitcoin

Chapter 3 : Learn How To Use Bitcoin

Once you learn and have your own Bitcoin wallet you can now start to received bitcoin using your Bitcoin Address. As a newbie, you can start with Bitcoin without understanding the technical details. Bitcoin is quite easy to use and convenient because you can use bitcoin to pay and received vice versa all over the world.

• • What is bitcoin address – Bitcoin Address is an identifier of 26-35 alphanumeric characters and always starts with a 1 or 3. In most wallets, the receiving address can be found under the ‘Receive’ button while for sending bitcoin you can usually found it in the ‘Send’ button. In order to receive bitcoin you just need to copy and paste your bitcoin address.
    Bitcoin Address Example : 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF
  • What is Blockchain – Blockchain is a shared public ledger consisting of records called blocks which the entire Bitcoin network relies.The block is record of a new transactions and its impossible to hack because there is no central location which means it is resistant to modification of the data because the block is used to record the transactions across many computers.
  • How to track your bitcoin transaction – Transaction in bitcoin is stored publicly and permanently on the Bitcoin blockchain network after you make a transaction it will be register in the blockchain and can be viewed in the list of block explorer below.

• What is the price of bitcoin – if you are curious what is the price of bitcoin right now or what is one bitcoin worth it easy to know by using bitcoin price tracking site. BTC price tracker give you the answer to your question of what is the bitcoin worth today , what is the price of one bitcoin, what is bitcoin worth right now because it have real time bitcoin tracker from different bitcoin exchange. The price of a bitcoin change depend on the trader (People or person who buy and sell bitcoin) in the Exchange that is why the price is determined by supply and demand. When demand for bitcoins increase the price increases and when demand falls the price falls btc live tracker is one of the best tools you can use especially if you have some bitcoin and always want to check what is bitcoin worth today.The price changes at the present time that is why in Crypto Directories we make a list of Price Tracking Website for you to know the current price of bitcoin.Check out our list of BTC Live Tracker site below

• What is Bitcoin Exchange – Bitcoin exchange is place where you can buy and sell bitcoin and other currency. Using Bitcoin Exchange you can trade your bitcoin in different currency such as United State Dollar (USD) and many more other currency or cryptocurrency.

Now that you finish the 3 chapters of learn bitcoin 2020 you are now ready and can start to learn how to earn your first bitcoin.

Chapter 4 : Learn How to Earn Bitcoin

Buying bitcoin is a great investment for the long-term, but if you’re unable to purchase bitcoin you can always earn some bitcoin for free online.it not difficult to earn free bitcoin you just need to put some effort and a little bit of your time. in this chapter of learn Bitcoin, we will teach you different ways to earn bitcoin. it’s not totally free because you need to put a little bit of your time, effort and some of them required skills but in this tutorial, we will just teach how to earn bitcoin without investment.

Bitcoin Faucets – Bitcoin Faucet is one of the traditional ways to earn some bitcoin without investment. Faucets are websites that pay you a small amount of bitcoin when you fill in a captcha to prove you’re not a bot. Many people say that faucets earning are not worth it because in the bitcoin faucet you can earn only a few dollars weekly. but back in the early days of bitcoin when bitcoin is only worth $0.01 the first Bitcoin faucet was released for public use back in 2010 It was created by a man named Gavin Andresen. The First Bitcoin Faucet offered users a reward of 5 Bitcoins $58,000 today that’s around $0.05 at that time its the same that you can only earn few dollar weekly and a few years later many new faucets rise and its the same that you can only earn few dollars weekly but those few dollars is now worth more than a thousand dollar. So in my opinion, if you have some time it is better just to do this for fun and don’t rely on what you can earn from it and save it for the future because someday those few dollars may become worth it if the price of bitcoin continues to rise like the way it uses to be.

Their is only few requirement for you to start to earn from faucet. its very simple you just need a Bitcoin Wallet and FaucetPay Account to get paid instantly. If you read the Chapter 2 of Learn Bitcoin 2020 i will assume that you already have your own Bitcoin wallet. Next step is Register in FaucetPay and Link your Bitcoin Address to your FaucetPay Account. After that you can now use your Bitcoin Address to claim fraction of bitcoin also called Sat/Satoshi in the Faucet List Below. Click Here for the Full List of Faucet

PTC (Paid to Click) – PTC is an business online that draws traffic online from people who want to earn money at home during free time. PTC websites act as middleman to the advertisers and users.The advertiser pays for displaying ads on the PTC website while some part of the payment will go to the viewer when users view the advertisement.

Bitcoin Jobs – bitcoin Jobs is a place where freelancers can earn Bitcoin for some work like writing, editing, coding, advertising, and many more. This is a place where freelancers work for jobs using Bitcoin. Bitcoin Jobs is on-demand because a new company starts adopting bitcoin technology and one of the good this is you can do it from home and due to Bitcoin popularity continues to rise many New and Trusted Freelance website start to adopt bitcoin as a payment method.

Bitcoin Advertising – Bitcoin Advertising is a place especially for Website owners this is a place where the website owners can earn bitcoin for placing an advertisement on their website. if you will ask me why I include Bitcoin Advertising when I said that you will not need investment is because you can make your own website using Blogger.com for free. This is one of the techniques of those who want to start in bitcoin advertising without investment. Using Blogger you can make a simple website where you can post your referral link of Bitcoin Faucets, casino and many more at the same time you can add bitcoin advertisement. For Starter, you can use A-Ads and then use the other platform in the list below when you have your own Domain and Website.

We have many more things to add in this Learn Bitcoin 2020 guide. learning Bitcoin doesn’t stop here we will teach you more and update this page for you to gain more knowledge about bitcoin in the future.

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[Last Update of Learn Bitcoin 2020 : Sep 22, 2020]