Bitcoins Tutorial

Hello! If you're interested in entering the world of cryptocurrencies and want to know how to buy, transfer, and use Bitcoin safely, this guide is for you. Let's break down the process, step by step.

What is Bitcoin?

Think of Bitcoin as digital money. Unlike the dollar or euro, it isn't issued by a central bank. It exists only on the internet and runs on a technology called the blockchain, which is like a huge, public, and decentralized digital ledger of all transactions.

Step 1: Choosing a Platform to Buy Bitcoin

To buy Bitcoin, you'll need a cryptocurrency exchange. These are online platforms that connect buyers and sellers. For beginners, the best choice is to go with well-known and reputable exchanges.

The most popular references are BINANCE, COINBASE, and CRYPTO.

Step 2: Buying Your First Bitcoin

After you've chosen an exchange, the process is very similar to any other online transaction.

Create your account: Fill in your details and verify your identity, a standard procedure known as KYC (Know Your Customer). You'll need to upload documents like a passport or driver's license.

Deposit money: Transfer the amount you want to use for the purchase. The most common methods are bank transfers or credit/debit card payments.

Make the purchase: On the platform, look for the "Buy Bitcoin" or "Trade" option. You don't need to buy a whole Bitcoin; you can buy a fraction of one. For example, if 1 Bitcoin costs $30,000, you can buy $100 worth of Bitcoin.

Once you've made your purchase, the Bitcoin will be in your wallet within the exchange.

Step 3: Understanding Transfers and Payments

To transfer Bitcoin, you need a wallet address. Think of this address as a bank account number, but for cryptocurrencies. It's a long sequence of letters and numbers.

To send Bitcoin:

Get the address: The person or company receiving the Bitcoin must provide you with their wallet address.

Initiate the transfer: On your exchange, go to your wallet and select the "Send" or "Withdraw" Bitcoin option.

Enter the details: Paste the destination address and type in the amount you want to send.

Confirm: Double-check all the details carefully. Once a transaction is sent, it cannot be undone.

Wait for confirmation: The transfer will be recorded on the blockchain and confirmed in a matter of minutes or hours, depending on network traffic.

Most Bitcoin transactions, whether for purchases or receiving money, prefer to show a QR code containing the destination address and the amount being transferred. This is because almost all exchanges have automated QR code scanners that can copy this information and fill in the fields correctly.

Units of Measurement

The amount of 1 BTC is quite high relative to any other fiat currency (like the U.S. Dollar or the Euro) to be used in a regular commercial transaction. Since the smallest monetary unit of BTC is 0.00000001 BTC, it is common for the prices of products and services to be given in mBTC (1 BTC / 1000) or μBTC (1 BTC / 1000000) to avoid excessive leading zeros.

Our solutions to classic problems

Moving Bitcoins between wallets always involves paying transaction fees. These fees fluctuate significantly throughout the day, typically ranging between USD 2 and USD 4, and they are not dependent on the value of the transaction. Therefore, depending on the value of the good or service, this fee can have a greater or lesser impact. Furthermore, these fees can cause major deviations in the final amount received for the good or service. These are the main complaints when working with Bitcoins.

With solutions designed to overcome these challenges, the FIGHTERSCamp team has developed appropriate tools so you don't have to worry about them. Our first solution was to create an individual wallet where users can store funds for purchases and donations within the platform itself. This way, with a single transfer, which has a much lower percentage fee and is paid only once, the user can buy various videos and make donations freely without having to pay any other fees.

For payments made with each purchase, the FIGHTERSCamp team has designed statistical evaluation algorithms to compare the expected value with the actual value received. When the actual value received is greater than the expected value, the difference becomes credit for discounts on future purchases. Conversely, if the difference is negative, an equalization fee is charged on the next purchase. As a result, over time, the user statistically pays the transaction fee for the transfer, and the content creator receives exactly the value they set for their work.

No matter which payment method you choose, our platform will be working to ensure you don't have to worry about these challenges.

For more information: admin@fighterscamp.com.br