Cryptocurrency Locker Explained

A cryptocurrency locker provides a medium for you to earn cryptocurrencies such as Bitcoin for digital content you put online. Bitcoin’s technical details can be a bit challenging to understand, however, a good locker provider allows you to setup your Bitcoin locker with minimal effort. Don’t let a lack of technical knowledge about Bitcoin stop you from getting set up, as the locker does not require this.

Unfortunately, a lot of people have valuable content and don’t get to collect a dime for it, as they decide to upload it on social media for “likes.” The locker allows you to avoid this mistake as it requires visitors to pay the required amount of cryptocurrency, before any content can be accessed.

MinerLock

MinerLock is an example of a known cryptocurrency locker, and it allows for protection of your links, applications, files, etc., by web publishers and authors. When your content earns cryptocurrency for you, the platform sends the earnings to your electronic wallet.

There’s no need to worry about file size limits as you can upload and earn from files of up to 200 MB. If necessary, the platform allows you to split large files for ease of downloading. Note that the value placed on the files for download can be quoted in USD, or it can be quoted in cryptocurrency. Of course, the latter means the value depends on how your currency is doing in the market.

The Process

Below is a brief overview of how the process works:

  1. Content creators upload digital content to the lockers, and they associate a value
  2. Publishers offer link promotion to drive traffic
  3. Buyers purchase content, and both publishers and both publishers and creators are paid from the transaction

The MinerLock setup is just as simple as the process, which means you can get your account up and running in no time.

Bitcoin Locker

Bitcoin has taken the world by storm as a means of trade. There are many facets of life today in which you can use Bitcoin to make payments. It is a convenient source of funding as it has great purchasing power, and it is exclusively available through secure online channels.

This means that transactions are less likely to be compromised than traditional ones. If you are a content creator, or you are a business owner, you may have contemplated the possibility of being paid in Bitcoin.

This is easier than you think, and the secret lies within what is known as a Bitcoin Locker. Imagine the way most commonplace e-commerce transactions work today. A potential buyer either intentionally, or unintentionally happens upon a product, a service, or some form of content. The potential buyer indicates interest by navigating to the purchase page, and makes a purchase using an electronic medium such as a credit card.

Since Bitcoin exists online exclusively, doesn’t that mean it should be perfect for such transactions? It is if you use a Bitcoin locker for your content.

This is a secure cloud space afforded to you at a cost. You can use this space to place things such as files that you wish to make available for a fee. Once you have done this, you assign a Bitcoin value to your content.

This content remains protected by the locker, and it cannot be accessed unless the requisite payment is provided. Once this payment is made, the buyer of the content gets the desired access, while you gain some Bitcoin.

The locker uses a secure gateway payment system to ensure that the transaction is encrypted, and that the parties are protected.

If you have any digital content that you’d like to sell, you may want to consider MinerLock for getting a Bitcoin Locker for your services.