Free Bitcoin Raffle – xTicket Club

Free Bitcoin Raffle – xTicket Club February 5, 2017

Free Bitcoin RaffleBitcoin is the digital currency of choice. Its no surprise the network as well as the usage is rapidly rising each day. There are a ton of websites out there where you can earn free bitcoins, none as unique and simple as xTicket Club.

If you are looking to get started with bitcoin or already know what its about and how simple it is to transact with the currency, then this site is a excellent place to start earning free bitcoins and join the bitcoin revolution.

Here are some other great bitcoin sites that we recommend using:

Free Bitcoin Raffle

Free Bitcoins

Bitcoin Sports

Buy Bitcoin with debit card, paypal and more

Free Bitcoin Mining

What is Bitcoin?
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.

Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.

Bitcoin as a form of payment for products and services has seen growth,and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. The European Banking Authority has warned that bitcoin lacks consumer protections. Unlike credit cards, any fees are paid by the purchaser not the vendor. Bitcoins can be stolen and chargebacks are impossible. Commercial use of bitcoin is currently small compared to its use by speculators, which has fueled price volatility.

Bitcoin has been a subject of scrutiny amid concerns that it can be used for illegal activities. In October 2013 the US FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time. The US is considered bitcoin-friendly compared to other governments. In China, buying bitcoins with yuan is subject to restrictions, and bitcoin exchanges are not allowed to hold bank accounts.