Bitcoin Help

[Rohac]

Can anyone help me understand how bitcoin works? Like how can i exchange my coins for in real life money etc... Been looking for guides but none says whats i want..

 

You can exchange it to paypal via the cryptocurrency section on sythe.

 

You can, first of all I suggest setting up a www.blockchain.info account. That will allow you to accept & store bitcoin from everyone on the internet.

Watch this video: https://www.youtube.com/watch?v=Um63OQz3bjo

For selling Bitcoin, there are a few options. You can either use an exchange (www.circle.com , www.coinbase.com etc, all of these are REALLY quick and simple to setup) or you can swap your Bitcoin for PayPal cash here on Sythe, a link to merchants buying bitcoin can be found here: http://www.sythe.org/digital-currency-non-game-sales/

Let me know if you've got any further questions, if you do, I'll gladly help you out.

 

[Rohac]

Thanks, got it

 

[Fluffee]

Others have explained what BitCoin is, but I thought I would point out two of the major reasons to start using BitCoin immediately. First, it's completely anonymous as their is no external governing body overseeing everyone's account (like PayPal does). Secondly, BitCoin transactions are for the most part irreversible, which means you don't have the constant fear of chargebacks that you do with PayPal.