WHAT IS BITCOIN AND HOW TO PARTICIPATE IN RAZZLETON USING BITCOINS?
It's more profitable, faster, and safer to provide help using bitcoins
rather than traditional currencies.
Watch the video about Bitcoin's key advantages and find out why it's beneficial to use it while participating in Razzleton
Bitcoin is an international electronic currency. This is a new form of
money created on the basis of the program code.
Bitcoin is not owned by any state, companies or individuals.Due to this, Bitcoin has become the world's first decentralized means of payment.
Money transfers are made on the peer-to-peer principle — without intermediaries between the sender and the recipient.
High safety level
No one can block a Bitcoin wallet. Bitcoin does not depend on central
banks, local and international laws, religion and other things.
Banks and the government do not control your bitcoins — they are only available to you. The wallet is created anonymously. Cryptocurrency cannot be faked, and payments cannot be cancelled.
Cheap transactions anywhere
in the world
Transfer fees do not depend on the amount or location. They make up less
than US$1 (regardless of the amount).
You can transfer money to anyone from anywhere in the world.
Unlike bank transactions, bitcoin transactions may be carried out on a 24/7 basis. You can decide independently when to transfer money.
Bank transfers take 3–5 working days on average. The speed of transfers via Bitcoin is a few seconds, or, when you are dealing with large amounts of money, — 10–60 minutes.
Protection against inflation
National currencies depreciate annually by 1–20 % (sometimes more). Bitcoin
is backed by a limited number of units (21 million) and protected against
Cryptocurrency is becoming more and more popular, since people do not spend money on fees and instantly exchange money.
It’s very easy and simple to create and use
wallets on BlockChain.info:
Follow the link https://blockchain.info/en/
Write down, make a screenshot or print the mnemonic password (in the red
square on the screenshot). It will help you to recover your password if
you forget it!
Click on "Continue" button.
(Don’t forget to put down your identifier)
This is your Bitcoin Address
Login in your blockchain wallet.
Now you can see your
Go to https://www.coinbase.com/ and click on Sign Up
Fill in your "First Name", "Last Name" and "Email". Create a secure Password,
(minimum 10 characters long).
Don't Forget Your Password, Write it down and keep it in a secure place
or use a password manager
(for example, free
software or free
)! WARNING: Forgotten passwords are UNRECOVERABLE and will results in
LOSS of ALL of your bitcoins!
Click on "CREATE ACCOUNT"
Verify your email.
Once you confirm your Email you are already logged into Coinbase.
You will need to verify/change the Currency to USD and to BTC. Click on Settings.
And then Click on Preferences.
Change the "Local currency" to "United States Dollar (USD)".
Change the "Time zone" to your location and Select "Bitcoin units" to BTC. Click on "Save".
Click on the Security tab.
Click on "Verify A Phone"
On "Choose a country" drop down menu and select the country where your phone number is associated with. Put "Your phone number" in the space provided and click "Next".
Receive your code on the phone, enter the verification number and click on "Verify Phone Number"
Go to https://www.coinbase.com/ and click on "Sign In"
Click on "Send/Request"
Make sure you are on the "Send" tab. Fill in the Bitcoin address of the recipient, the amount of Bitcoins you are sending (use BTC units) and write a message identifying the transaction from Razzleton (This makes it easier to identify past transactions). Then click "Send Funds"
Next you will need to enter your code and click "Confirm".
Go to https://www.bitgo.com/ and press "Create a wallet".
You are then directed to "Create Your Wallet" account page. Enter your Email and create an extremely secure password. IMPORTANT! This password will be for your account on bitgo.com, which shouldn’t match your e-mail password and should be a minimum of 10 characters long. Don't Forget Your Password, Write it down and keep it in a secure place or use a password manager (for example, free KeePass software or free LastPass )! Re-enter the password, read Terms of Service and check the box you agree to them. Press "CREATE BITCOIN WALLET".
You will be sent an Email confirming your registration.
Open the Email message and click "Click Here to Verify" button.
A new tab will be open, informing about successful verification of your Email.
Enter the password (created in step 2) and press "Log In"
You will be offered to choose the option of 2-Step verification for the better protection of your account. As per recommendation of bitgo.com website it should be Google Authenticator (GA). You may also choose another option (a text message to your phone, for example), however in this example we are going consider the GA case. Select it and press "Next".
First install GA to your smartphone.
Use your camera or a device with GA App to connect GA to the your bitgo.com account by scanning the QR Code. Or manually insert the code indicated below (item 1 in the screenshot) in GA App. IMPORTANT! Write or print out the code and keep it in a safe place, that in case of loss of the device you could restore access to your wallet! Type in the 6-digit code, generated by the GA and press "Submit".
GA has been successfully connected, press "Create Wallet Now"
Create a name for the wallet. For example "My 1st wallet" and click "Next".
Choose the option of a backup key. There are four options to choose from, in this example we will use the easiest choice — "Recovery Service". Choose it and click "Next".
For enhanced security, you will be required to create a secondary password for the wallet to complete payment transactions along with your GA code. Select the option More Secure, invent a new password and re-enter it. For your convenience write all passwords on a separate piece of paper or use a password manager (for example, free KeePass software or free LastPass ). Press "Next".
A popup will appear requesting to save file. Press "OK".
A pdf file will download to your computer. Find and open it. This file will contain different codes with instruction to them. The first code we need — is for activation.
Type it in the Activation code from the PDF file and click "Activate wallet".
After the wallet activation you will see the main page with your wallets (currently there’s only one, "My 1st wallet"), balances of the wallets and actual Bitcoin price. To view wallet details click on the wallet’s name.
You will see the wallet’s balance and address for the receipt of funds. As well as buttons for moving to various configuration menu.
This is the address you will need to add your Bitcoin account in Razzleton under the "Accounts" tab. (Section 6 of the FAQ)
In addition: for your convenience you may create several wallets that can be used for different purposes to keep things separated and if it’s necessary you can transfer Bitcoins from one wallet to another:
а) Click on the wallet on the main page and press "Receive"
b) Now you can view all earlier generated addresses with the received amounts. Also you can generate a new receive address or use generated QR code. It should be noted, that all addresses generated earlier are functioning and you can receive Bitcoins on any of them. There’s no need to generate a new address for each transaction.
c) All transactions for that wallet will be displayed on the "Transactions" page. When you click on the individual transaction you will be able to see amounts and addresses associated with the transaction.
Click on the name of the wallet on the main page. Go to the "Send" section.
Fill in recipient's address (field 1), Bitcoin amount (field 2) and click "Next".
You will be asked to verify transaction details. If everything is correct — click "Send funds".
To carry out transaction — type 2-step verification code (in this example we used Google Authenticator — GA). As well enter the password of your wallet.
After entering a correct password you would see the confirmation that transaction was sent successfully.
Here bitcoin buyers and sellers meet online. You do not need to make KYC (Know-Your-Customer) procedures. KYC is a normal requirement of exchange services. Be careful and only buy from traders with positive reviews.
After you clicked "Register", you need to check your emailbox. You will receive a letter with title "[localbitcoins.com] Confirm your email to complete your registration".
Open the letter and click on the link.
After you confirmed your email, follow the next steps:
Once you have made the payment, click the "Mark payment complete" button. Once the trader has verified that your payment has been received your Bitcoin will be released from escrow and they are instantly availalbe in your LocalBitcoins wallet.
You can sell your Bitcoins on the localbitcoins.com website, if you have them in your localbitcoins.com wallet. In order to send bitcoins from your Bitcoin wallet to another please check the above description called "How to send Bitcoins".
The localbitcoin address can be found by clicking on the "Wallet" button, under the "Receive bitcoins" sign.
After you made sure to have the required amount of bitcoins in your wallet, follow the next steps:
When the buyer makes the payment and clicks on "Mark payment complete" button, the required amount of bitcoins will permanently be reserved in the escrow. From that point, the deal can no longer be automatically cancelled.
After you confirm the payment that has arrived on your account, you will need to release the bitcoins.
There are 2 types of Bitcoin exchanges:
On Bitcoin marketplace you can leave the orders to buy and sell bitcoins for the price set by you. So, on Bitcoin marketplaces you can act not only as a buyer or seller, but also as a trader. It’s more difficult and it demands more time, but it allows you to buy or sell bitcoins at a better price.
Bitfinex is one the biggest Bitcoin marketplaces where you can buy Bitcoins at the best price. But the trading are going in USD.
To sign up:
Later, you should check your emailbox, find the letter with the subject "Please verify your email address". Open it and click o "Verify my email address".
Now you need to deposit money on your Bitfinex click. For that, click on "new deposit".
If you want to buy bitcoins, you need to deposit money with bank wire (so, you should have USD). You will also need to submit the documents to Bitfinex to verify your identity. Identity verification will take a few days. Bank wire transfer can take about a week.
After you the money is deposited to your account, you can buy bitcoins.
Go to the exchange page:
There several types of orders you can use to buy bitcoins. Details you can find in their FAQ . You need to specify the order size (number of bitcoins you want to buy) and preferred price. After that you should click "Buy".
If you want to buy or sell bitcoins at the best price and you are ready to wait, you can specify the order size (preferred amount of bitcoins you want to sell) and the desired price. If you sell, your order will be put to the "Asks" columns and you will need to wait until it will be matched.
If you want to sell bitcoins immediately, choose "Market" type of orders.
BitX operates Bitcoin exchanges in several countries around the world. You can securely and easily buy and sell Bitcoins using your local currency. People place orders to buy or sell Bitcoins at particular prices into the system. Whenever a buy order matches a sell order, a trade occurs. BitX takes care of transparency of transactions.
BitX is not only a bitcoin exchange platform but also a bitcoin wallet service. You can easily send and receive bitcoins.
To send bitcoins you need:
Instant Buy step-by-step
Simply select "Buy / Sell" from the Navigation menu and follow the steps further below.
Check your e-mail for your account activation link.
Complete your registration.
Instant Buy/Sell step-by-step.
Simply select "Buy / Sell" from the Navigation menu and follow the instructions on the right.
Trading platform which accepts payments via bank wire transfers and bank cards (Visa and MasterCard).
Guide: https://cex.io/guide .
Activate your account through email.
Enable Two-Factor Authentification on your account, having chosen either Smartphone app option or SMS/Phone Request option.
Start using CEX.IO
To buy bitcoins, you need to fund your account.
If you want to buy bitcoins instantly, you can go to "Buy bitcoins" page:
If you want to buy at the best price, you can use Exchange, go to Trade section to find more details (scroll this FAQ a bit down).
If you want to buy bitcoins instantly, you can to "Sell bitcoins" page:
To buy and sell bitcoins at the best price, you should use marketplace
and trade bitcoins:
To buy bitcoins:
To sell bitcoins: