Bitcoin is the world’s leading digital currency and continues to grow as people learn about its breakthrough potential as a peer-to-peer digital payment system.
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Step 1 – Set Up Your Bitcoin Wallet
A Bitcoin wallet is an app or program that allows you
There are many different wallets across various platforms. For starters, we suggest
Online Wallets
Online bitcoin wallets are wallets that are easily accessible on the Web via any device so long as it can be connected to the Internet.
While they are more convenient, they store your private keys online and because of
>> Create Your Coinbase Wallet (Free)
Hardware Wallets
Hardware wallets are basically an electronic invention made to store your private keys offline away from the vulnerable online environment so that they can’t be hacked. This is the most secure and safest way to store your bitcoins because they are stored in an offline environment and is recommended for storing large amounts of Bitcoins.T he wallets are on a physical device, they store the user’s private keys on a hardware device and connect to PC with USB. If you don’t want to risk any crypto-currency you keep it on a cold storage device! It’s the method of choice for many bitcoin holders to keep significant quantities of bitcoins. Hardware bitcoin wallets are user-friendly and portable. In case your device is destroyed, as long as you have a backup code, you can retrieve your keys and bitcoins. My top recommended hardware wallets:
Click Here To Order Trezor – Best Hardware Wallet
Click Here To Order Ledger Nano S
Step 2 – Buy Bitcoin Using One Of The Options Below
Now that you have a wallet, you probably want to add some bitcoin to your balance. Choose one of the options below to quickly set up an account and buy bitcoins with funds from a bank account or credit card.
Keep your private key(s) private and never share with anyone. It is very important to backup your wallet’s private key and any other credentials for offline storage. Failing to backup could result in the loss of your Bitcoin holdings if you should ever lose the device on which the wallet is installed.
Create Your Coinbase Account (US, CA, EU)
Create Coinmama Account (Worldwide)
Disclaimer: Because we referred
Step 3: Use a Bitcoin Wallet to Send and Receive Bitcoin
Receiving bitcoin is as easy as giving the sender your public address. Sending bitcoin requires a few more steps and since bitcoin transactions are irreversible, it is important to pay attention when sending. Overall, the process for sending bitcoin is actually quite easy:
- Copy the receiver’s public Bitcoin address (or scan QR code)
- Open your wallet and navigate to its “Send” feature, paste the receiver’s address into the appropriate field
- Specify the amount you want to send (for help converting fiat currency into bitcoin visit our Bitcoin Tools page.)
- Confirm that the address and amount are both correct
- Send
Bitcoin is accepted by thousands of individuals, websites, and brick-and-mortar businesses around the world, here are just a few:
- Purse.io can save you money and let you shop on Amazon with Bitcoin
- The Bitcoin.com Store. Bitcoin products and more
- Play games with Bitcoin
Best Practices for New Bitcoin Users
Congratulations! You have bought your first bitcoin and know the basics of receiving and sending—you are now a full-fledged Bitcoiner!
You have the basics but there is always more to learn. Bitcoin is a tool that is only as useful as your ability to hold and spend it properly.
The above steps are just the basics. Bitcoin and it’s blockchain technology on which it relies are robust solutions to payment obstacles all over the world. Since bitcoin is real money it is important to have a solid understanding of certain aspects related to receiving,
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