6 Bitcoin Apps You Need to Know About

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If you are a bitcoin enthusiast, there are a few bitcoin apps you need to know about, as they might come in handy. Whether you want to earn a few free satoshis playing games in your free time, or whether you want to constantly keep track of bitcoin’s price, there is an app out there that will take care of your needs. Here are a few examples:

6. CRYPTONATOR

This free app allows you to check conversion rates for over 500 different cryptocurrencies, in over 40 different exchanges. Essentially, Cryptonator makes it easy for users to find out how much cryptocurrencies people own are worth.

It also includes a portfolio tool that allows users to see how their selected coins perform over a specific period of time, as well a “winners & losers” section that shows which coins are doing good, and which aren’t.

5. BITCOIN TICKER WIDGET

Bitcoin Ticker Widget is exactly what it sounds like it is: a widget that gives you bitcoin’s price directly on your home screen. Widgets with the price of other cryptocurrencies can also be set up, showing conversion rates for a few different fiat currencies. The prices shown in the widgets are taken from some of the world’s top cryptocurrency exchanges, such as BTCC and Bitstamp.

4. BLOCKCHAIN GAME

If you want to introduce someone to bitcoin, you need to show them this game. Not only will it give you context to explain what blockchain technology is, but it will also help the other person earn a few satoshis and start playing around with bitcoin before they get serious about it. The game itself is pretty entertaining, and killing free time while earning bitcoin makes it a lot more enjoyable.

3. BITCOIN MAP

Bitcoin Map is a free app you can install on your smartphone that shows you where you can spend your bitcoins. This way you will be able to know whether the local burger joint accepts bitcoin or not. Even if you know every brick-and-mortar store accepting bitcoins in your area, the app may still come in handy when you decide to go for a road trip. There are other Bitcoin map apps out there, but most of them only give you the location of bitcoin ATMs, not actual brick-and-mortar stores accepting the cryptocurrency.

2. BLOCKFOLIO

Blockfolio is a free financial app aimed at cryptocurrency enthusiasts. Not only does it show price information for bitcoin and over 800 altcoins, it can be set to send the user a notification whenever a specific currency reaches a price threshold. Moreover, as if that insane number of altcoins wasn’t enough, it also features over 30 different fiat currencies so it can reach a global audience.

1. ZTRADER

zTrader is the trading client app every cryptocurrency trader needs. It features information from most major exchanges and can show in-depth analysis on different currencies, giving the user a great market overview. The app is pretty complex and gives users tons of information that can, at first, be overwhelming. It will, however, make traders’ lives easier.

The app features secure, encrypted storage of API keys, and even though it’s free to download, there is also a pro version.

[Source:-ME]

What is Bitcoin Used For?

Bitcoin

Essentially Bitcoin is a form of currency that can be used digitally to purchase many different things. Bitcoin is known to be the first decentralized virtual currency that was categorized by the US Treasury. Bitcoin is sometimes known as virtual cryptocurrency, and it is used mostly by many companies online while some physical shops also allow people to pay with Bitcoin.

 

WHAT IS BITCOIN?

Bitcoin is an internet currency that was invented in 2008 by Satoshi Nakamoto. Rather than being operated by a banking system, it is instead maintained by an online community. This means that there is no need for high bank charges or costly exchange rates, and the transactions are directly peer-to-peer, disposing of the need for a third-party bank.

 

There are three main ways that you can obtain bitcoins in order to start trading with them. These three forms of obtaining bitcoins are:

  • Mining
  • Buying from someone who mines
  • Trading goods and services for bitcoins

The first option of mining is costly and takes up money to purchase all the hardware that is necessary. The second option is buying them, but it can be difficult to find someone who sells them in the first place. Now, however, easier methods such as through the popular vendor Coinbase have arisen which make it easier to obtain bitcoins.

Whichever method you use to buy bitcoins you will need to use an online wallet in order to store your bitcoins. The easiest way to use an online wallet is to download the bitcoin client and create your wallet there. The only issue with this is that if your computer is hacked into you could lose your bitcoins. The other option is to use an online wallet where data is stored in the cloud, this appears to be the safer of the two options available.

WHERE CAN I USE BITCOINS?

There are many places where you can trade goods and services for bitcoins. A few of the online places that accept bitcoin payment include:

  • Microsoft
  • Dell
  • Overstock
  • Newegg
  • Monoprix

There are also some physical stores that also accept bitcoin payments including:

  • Medicover Group
  • Reeds Jewellers
  • Sacramento Kings

If you find it hard to find a store that will accept bitcoin payments, there is also plenty of stores that will exchange bitcoins for a gift card. Companies that will sell gift cards for bitcoins include:

  • Amazon
  • Nike
  • Walmart
  • Target
  • Marks and Spencer

Bitcoins seems to be becoming a more popular way to trade and so it is worth getting started with your wallet and bitcoins today.

CHARITIES AND DONATIONS

One way that you can spend your bitcoins on is charity. You do not need to trade services and goods if you are wishing to reward a company for their good deeds. Some charities that accept donations include:

  • Sean’s Outpost
  • The Sri Lanka Campaign
  • Pathways to Education

Bitcoins provide a secure way of trading online using a currency that is recognised by most countries. Although traditional trade has started allowing bitcoin payments, this does not stop online. Trade can also take place in physical stores and with the use of gift cards. Charities also can benefit greatly with bitcoin donations.

 

Bitcoins Nefarious Uses

 

Among charity and good-willed online and physical uses of Bitcoin, there is a silver lining. Just like anything else Bitcoin has it’s pro’s and cons.

 

There exists a dark underbelly of Bitcoin, in that it is widely used on the darknet to trade for things such as highly illegal drugs and services. Bitcoins decentralization and therefore anonymity grants the users who partake in such trading certain safety. Most of what probably drives bitcoin today is trading on the darknet, making up a significant portion of Bitcoin transactions, and therefore drives the currency forward. A currency used so widely for illegal activity doesn’t give sway too much postive opinion, even though Bitcoin has the potential to revolutionize the way we use currency in the present day. Making Bitcoin more available to the everyday user and usable for everyday services, therefore, is imperative to Bitcoins success as a viable currency for the future.

 

[SOURCE :-problognews]