How does bitcoin launder money

1.

The remitter will pay bitcoin directly to the other party according to the address of the payee through the computer or smart phone

after the transaction data of bitcoin is packaged into a "data block" or "block", the transaction is initially confirmed. When a block is linked to a previous block, the transaction is further confirmed. After six block confirmations in a row, the transaction was irreversibly confirmed

the bitcoin peer-to-peer network stores all transaction history in the "blockchain". The blockchain continues to extend, and once new blocks are added to the blockchain, they will not be removed. In fact, blockchain is a distributed database composed of a group of scattered client nodes and all participants, which is a record of all bitcoin transaction history

extended data

users can buy bitcoin, and at the same time, they can "mine" bitcoin by using computers to perform a large number of calculations according to the algorithm. When users "mine" bitcoin, they need to use the computer to search for 64 bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, then they will get 25 bitcoins

from 2012 to 2014, bitcoin swept the world, and graally formed the "virtual currency" instry chain represented by bitcoin. This is a change in the financial instry and a new proct of the combination of the financial instry and the Internet. It represents a financial milestone in the new era and marks a new chapter in the history of the Internet. Bitcoin fund is one of the derivative procts represented by bitcoin in the era of "virtual currency"

according to the relevant news reports of Fuhui China, bitcoin fund will be open for operation in the autumn of 2014. Fuhui bitcoin fund, as the world's first operation mode of mutual benefit and win-win with financial management mode, is original and full of temptation and challenge

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register

to register an account first is equivalent to opening an account in a bank. Click sign up in the upper right corner to register an account. Enter your email and password on the registration page to register successfully

then, click accept and continue to accept the agreement

3.

The account you receive bitcoin is your own bitcoin wallet address. It's different because you have created multiple bitcoin addresses. You can send the bitcoin from the address where you receive bitcoin to your original bitcoin wallet address. Let's take coinbase as an example to illustrate how to use bitcoin Wallet:

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register

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register an account first, which is equivalent to opening an account in a bank. Click sign up in the upper right corner to register an account. Enter your email and password on the registration page to register successfully

then, click accept and continue to accept the agreement

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receiving bitcoin

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after successful registration, you can sign in for account operation. You can select create new address in account settings / bitcoin addresses to select the address of each collection. Click Details on the right side of the newly created account to modify the label to mark the purpose of the address, and save changes to confirm the modification, so that you can clearly know what a certain payment is for

note: the 32 characters in the address are the address of each transaction, which can be sent to the person who wants to transfer bitcoin to you. Or enter the address where you are going to transfer bitcoin to complete the transfer operation. The transfer process may take some time

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send bitcoin

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of course, you can also transfer out bitcoin through send money in send / request. Click send money to enter the destination address (32 strings) in the dialog box, and enter the number of bitcoins to be transferred in the amount BTC. Of course, you can also write some information in the message. Then click the send money button to complete the transfer operation

4. Because bitcoin is not monitored, there are several currencies in various countries. If you want to trade these currencies, you can easily trace the source. But bitcoin will not, because it is a digital currency, and it is not issued by any country, so it is impossible to trace its source. It's safe and convenient for those gangs to launder money with bitcoin

5. The central bank has stipulated that bitcoin can not be used as a means of payment in circulation

6. Sell out, in the exchange, there is a buyer, withdraw cash operation is to first transfer the currency account to the legal currency account, and then sell!

7.

First, register the fire coin, this is the registration link

Web link

and then download the fire coin from the app store. Pay attention to the third one, fire coin Pro