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Tuesday, August 13, 2013

Donations/Free BitCoins



As you may have guessed, this section deals with free BitCoins from websites and
from other individuals. While the BitCoins you.ll get for nothing are few and far
between (and usually far less than a whole BitCoin), it.s still something to get you
started and to help you understand how BitCoin transactions work.



The best place to get your first free BitCoin (or a percentage thereof) is to head over
to the BitCoin Faucet (https://freebitcoins.appspot.com/), which gives out 0.001BTC
to new BitCoin users. You.ll need a Google account of some description (typically
your Google Mail or Google+ account, although you can sign up for a free Google
account using a different email address) – a countermeasure put in place to
prevent a few people from abusing the free money.



Once you.ve logged in with your Google account, you.ll need to solve a captcha
(a puzzle used to prove that you.re not a robot), then enter your receiving address
before clicking “Get Some!”.



That.s it! It may take up to 10 minutes for the payment to come through, as the
BitCoin Faucet bundles payments together to reduce load on the network, but then
you should see 0.001 BitCoins show up in your wallet.



Donations work much in the same way. You can put a receiving address pretty
much anywhere; on your FaceBook or Google+ profile, on forums, in email


signatures or even in real life. That way, if somebody has some spare „Coins and
wants to thank you for something it.s just a case of sending a BitCoin or so to your
receiving address.


A typical example of a receiving address placed in a forum signature

Currency Exchange

Although free BitCoins are awesome, it doesn.t give you a whole lot to work with.
The easiest solution is to exchange your currency for some BitCoins. There are a
number of websites you can use to do this, though you.ll need to make sure that the
website you choose will handle your particular currency (otherwise you.ll end up
exchanging money twice, with transaction fees and all)!

For a list of the BitCoin exchange sites and the currencies they support, there.s a
page over at the BitCoin wiki (https://en.bitcoin.it/wiki/Trade).

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