Bitcoin. The buzzword we’ve all been hearing and want to learn more about. But what is bitcoin, how does it work, and how can you get some of your own? Quontic is giving you the A-Z on BTC and the easiest way to earn free crypto – the Bitcoin Rewards Checking Account.
What is cryptocurrency?
Cryptocurrency, or crypto, is a digital way of exchanging and distributing money. Crypto can come in many forms, like Bitcoin, for example. What makes cryptocurrency so unique is that it’s not regulated by one governing body. Fiat currencies, like the $USD in your wallet, are backed by the government issuer regulating and controlling them. However, cryptocurrencies like Bitcoin are privately owned, making it easier for transactions to remain incognito. From a security standpoint, most cryptocurrencies are organized through Blockchains, which support and protect the data integrity of different crypto forms like Bitcoin.
What is Bitcoin?
Bitcoin (BTC) is a type of cryptocurrency. Launched in 2009 by Satoshi Nakamoto, Bitcoin is now the largest and most popular form of crypto. With no actual “coins” involved, each bitcoin is a computer file stored and recorded on the blockchain. With a limited supply, the ecosystem exists to eliminate the restrictions and red tape associated with normalized currency transactions. Becoming more and more valuable every day, Bitcoin has taken the world by storm as one of the most sought-after and coveted virtual currencies.
How does Bitcoin work?
Bitcoin works through the blockchain which gathers information on each transaction. This serves as a public ledger for anyone to view. The blockchain is protected and enforced through cryptography, which is essentially a mathematical security system. Once accrued, Bitcoin can be sold, traded, invested, or even redeemed for cash. Similar to any other investment vehicle, historically the price of Bitcoin has had its peaks and valleys. Before investing, it’s important to analyze the risk associated with the purchase.
What makes Bitcoin so unique?
One of the reasons why Bitcoin is so unique is its ability to transcend past cryptocurrency circles and into the mainstream marketplace. Bitcoin was the first decentralized digital currency that introduced a new way of buying and selling online. Well known for its innovation and unprecedented growth, Bitcoin has now evolved to support businesses and provide its buyers with an appreciating asset. With so many ways to earn, from marketplaces to bitcoin miners to checking accounts, the future of Bitcoin is very bright.
How can you earn Bitcoin?
There are many different ways to earn bitcoin online. You can buy and sell bitcoin through different digital marketplaces or even through peer-to-peer payment systems. Bitcoin mining is also a competitive option to find and earn bitcoin through complicated computing through the bitcoin network. As the cryptocurrency industry involves, there are more ways to invest and trade and hold Bitcoin safely. While mainstream exchanges like Coinbase and Gemini are some of the most common ways to accrue crypto, other methods like peer-to-peer payment systems and bitcoin ATMs and Bitcoin Rewards bank accounts also allow you to join in on the Bitcoin phenomenon.
What can you buy with Bitcoin?
In 2021, almost everything online can be bought with Bitcoin. Bitcoin comes with all kinds of perks, such as buying goods and services and can even be saved for the future. A wide range of online retailers are now accepting Bitcoin as payment for things like vacations, furniture, real estate, and even pizza! As the popularity of Bitcoin continues to rise, more and more retailers will surely transition to accepting Bitcoin through mobile bitcoin wallets and computer software.
How can you earn Bitcoin for free?
At Quontic, we consider ourselves the Bitcoin Bank. Why? Our cardholders that are new to cryptocurrency have the opportunity to earn free 1.5% Bitcoin with every transaction simply by banking with us and using their debit card. The Bitcoin Rewards Checking account has no monthly service fees and is the first Rewards Checking account in the US that gives customers this benefit. This is so unique because Bitcoin rewards have the opportunity to appreciate over time. To sign up to earn free Bitcoin and see if you live in an eligible state, visit the Quontic website.
How does a Bitcoin Rewards debit card work?
With Quontic, you can earn free bitcoin through our Bitcoin Rewards program. Our Bitcoin Rewards Checking account allows you to collect 1.5% Bitcoin on your debit card purchases. The first of its kind – our Bitcoin banking approach disrupts the banking industry and takes an innovative approach on rewards programs. Instead of rewards like airline miles or cash back – we’re giving our customers a currency that can increase in value as the price of Bitcoin continues to rise. It’s simple – swipe your card at any retailer, whether in person or online, and earn Bitcoin to use at your discretion.
Is it too late to reap Bitcoin Rewards?
It’s never too late to get started on your Crypto journey. As COVID-19 has shown us all, the desire and need for digital interaction is already here. That’s why Quontic is equipping our customers with a means to stay up to date on digital trends like cryptocurrency. While all investments come with risks and the volatility of Bitcoin is definitely something to consider when researching ways to expand your portfolio. If you’re wondering how to get started with bitcoin banking, it’s easy! Apply now in three minutes or less.
What makes Quontic different from other banks?
At Quontic, we do banking differently. From our unique home loans to our one-of-a-kind deposit products – we’re changing the narrative of what banking should be. Quontic is breaking down the barriers associated with financial services and empowering our customers with payouts that benefit them! We pride ourselves on being the adaptive digital bank that empowers its customers financially while embracing their diverse circumstances. If you have any questions about the Quontic difference, visit our website to learn more.
Ask for or details. Additional terms, conditions, fees & exclusions may apply. If the account is closed before interest and/or bonus is credited, accrued interest and/or bonus may be forfeited for that statement cycle. Fees could reduce earnings. In order to sign up for online banking, you must have a Quontic Bank account. Mobile banking requires enrollment through online banking. Data connection required. Wireless carrier fees may apply. There is no charge from Quontic Bank for account alerts, but message & data rates may apply. Mobile check deposit is available for select mobile devices. Subject to eligibility & further review. Deposits are subject to verification & not available for immediate withdrawal. Deposit limits & other restrictions may apply.
Online Account Opening is only available to consumers. Ask for details. Data connection required to open an account online. Wireless carrier fees may apply. Application is subject to approval & further review. Information is accurate as of the date listed below and may change without notice.
December 10, 2020