Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.
To send/receive Bitcoins you need a wallet. You can create one at blockchain.info. Once you have created your wallet copy your personal Bitcoin address assigned with it and paste into our site.
A Bitcoin faucet is a website that offer its users small amounts of Bitcoins for doing nothing. Normally you have to enter your Bitcoin address and a captcha(to prevent bots) and get paid. Faucets are usually sponsored by advertisements but these ads only work to keep the faucet alive and cover the costs. Usually new bitcoin users use faucets to get their first bits.
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