Breaking News ! BitcoinPennyAuction is shaking up the Internet !

Launch April 16, 2017. BitcoinPennyAuction.com  

Bitcoin is the future of money. 

BitcoinPennyAuction is a global, excellent, unique and money making service.   Worldwide new members are signing up for free because they don’t want to miss this money making opportunity.  

BitcoinPennyAuction is the first to shake up the Penny Auction Industry by introducing the Bitcoin as a Product. This new concept with a unique guarantee is bringing financial opportunities worldwide.  

It’s never done well before, combining a product, the Bitcoin, with the successful Penny Auction concept. We offer: Bitcoin Penny Auction, Real-Time Index, Bitcoin Sell & Buy, Bitcoin News and much more. 

One of the great advantages with this combination is that the Bitcoin(s)that members buy or win at the Bitcoin Penny Auction, can be sold at any moment of their choice.  This can be done directly after the auction at the actual value of that moment.  Members can decide to sell later when the exchange rate is higher. 

Members receive inside information and always get advice on demand. We always run the extra mile, whatever experience there is with Bitcoin.  Sign Up is free and will be rewarded with five free bids.

More about Bitcoin: bitcoinpennyauction.com/Bitcoin/

Getting a Bitcoin wallet:

If you don't have a Bitcoin wallet yet, the first you will need to do is create a place to store your bitcoins. This is called a 'wallet'. You can best think that your Bitcoin wallet is a kind of bank account. Depending on the security levels you want, different Bitcoin wallets will provide different levels of security. Most common wallets are free. 

1 Software wallet on the hard drive of your computer. Like Bitcoin Core.

2 Web-based wallet. Blockchain is most popular and has good security options. Works also on mobile.

3 Mobile wallet. Good to keep small amounts in. Keep the rest in more secure options. one off the safest is Mycelium

4. 'vault' service that keeps large amount of your Bitcoins protected. Coinbase is a trusted party.

When you store bitcoins on your computer, make sure you back up regularly. Online Bitcoin wallets employ varying degrees of security against hackers, from quite good to bad. Our advice is to use all the available security options.

Selling bitcoin isn't quite as straightforward as buying bitcoin, but fortunately we are here to help. We will give you the latest independent information you need to cash out your digital currency in the best way. Subscribe yourself to our Newsletter.

How can I buy Bitcoins:

You can buy bitcoins directly from people who wants to sell bitcoins to you. You can buy directly from people using a marketplace to sell their Bitcoins. You can buy from Bitcoin exchanges, see Bitcoin.com for options in your country. 

Depending on who you are buying the Bitcoins from and where you live, you can pay in a variety of ways. This can be with cash, credit/debit card, wire transfer and also with other cryptocurrencies. Coinbase and Circle are popular and offer also credit card purchases in the US.

Selling your Bitcoins:

There are now four ways to sell your Bitcoin.

1. Selling bitcoin directly from person to person, both using your wallet. World's popular Bitcoin wallet is Blockchain.

2. Direct trade with another person using an intermediary to facilitate. Coinbase is a very popular website.

3. Use online exchange where your trade is with the exchange rather than another person. Bitcoin exchanges.

4. With peer-to-peer trading. This are marketplaces, like Purse, that allow bitcoin owners to obtain discounted goods with their bitcoin. This happens via others that want to obtain Bitcoin with debit/credit cards.

Bitcoin 'mining':

You can make your own bitcoins.

Where do bitcoins come from? Normally a government decides when to print and distribute money. Bitcoin doesn't have a central government. Bitcoin miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. A smart way to issue the currency and also creates an incentive for more people to mine.

Mining as an individual isn't as cost-effective as it was. Bitcoin mining is the domain of large mining groups called 'pools'. There are also companies specifically for mining Bitcoins. You may choose to buy in such a pool or company. Mining is not the hobbyist pursuit it once was. Another option is 'cloud mining', where to mine bitcoins without investing in expensive and fast-dating equipment. Users pay to use a company's data centres to mine on their behalf.

The Bitcoin network compensates Bitcoin miners for their effort by releasing bitcoin to those who contribute the needed computer power. This comes in the form of both newly issued bitcoins and from the transaction fees included in the transactions when mining bitcoins. The more computing power you 'contribute' then the greater your share of the reward.