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.
If you want to know more then check out the full
How are my earnings paid?
We currently offer 2 different payment options...
1) WEEKLY PAYMENT TO YOUR BITCOIN WALLET
If you sign in to Moon Bitcoin with a bitcoin wallet address then all your earnings will accumulate in your Moon Bitcoin account and the total balance will be paid directly to your bitcoin wallet on Saturday/Sunday each week (providing the balance at that time is at least 25000 satoshi).2) IMMEDIATE PAYMENT TO YOUR XAPO ONLINE WALLET
If you sign in to Moon Bitcoin with an email address then all your earnings are paid out immediately to the Xapo wallet linked to that email address.Click here for more details about these 2 payment options.
What is Xapo?
Xapo provide a secure and convenient online bitcoin wallet.
Here is some additional information about Xapo from their web site...
- Xapo combines the convenience of an everyday bitcoin wallet with the security of a deep cold storage vault.
- Xapo has been described by The Wall Street Journal as the Fort Knox of bitcoin storage, so if you’re looking to secure your bitcoins then look no further than the Xapo Vault.
- It's your money. You should be able to send it instantly and access it without fees. So whether you're transferring money to a friend down the street or to family halfway around the world, say hello to free and instant transactions.
- Xapo combines the convenience of an everyday bitcoin wallet with the security of a deep cold storage vault.
- Xapo has been described by The Wall Street Journal as the Fort Knox of bitcoin storage, so if you’re looking to secure your bitcoins then look no further than the Xapo Vault.
- It's your money. You should be able to send it instantly and access it without fees. So whether you're transferring money to a friend down the street or to family halfway around the world, say hello to free and instant transactions.
Why can't I make a faucet claim?
You might be having problems making a faucet claim on Moon Bitcoin for one of the following reasons...
Advert Blocking
If we detect that you have blocked adverts or they aren't showing up in
your web browser then we will prevent you from making a faucet claim.
This screenshot
shows the positions of the adverts that we are currently displaying
(highlighted in red).
If any of these adverts are not showing then there must be something
blocking them on your browser/device.
This may be an ad-blocking browser plug-in or extension - if so, please
disable your ad-blocking browser plugin/software or add this page to the
exception list.
Browser/Device incompatability
This faucet web site is designed to work on the broadest range of web browsers and devices possible.
However it may be that your browser/device is not supported and you receive an error message when you try to claim.
If so, please try a different browser or device to check that this is the problem before contacting us about it.
Do you have an affiliate/referral program?
Yes we do - click here for full details
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