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Bitcoin 101 | How to Get Bitcoin – What You Need to Know

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What is Bitcoin? How do I get it? Bitcoin 101 and What You Need to Know

Coinmama: Buy Bitcoins with Credit Card

How to Get Bitcoin? What is a Bitcoin? What You Need to Know

Bitcoin is digital currency, or digital money, it works like any other form of money in exchange for goods and services. Bitcoin is now being accepted by major financial institutions around the world.

 

Get $10 when you buy $100 or more worth of Bitcoin (only works first time)

Join Coinbase or Click Here: https://goo.gl/xeRNG6

 

How to Hold Digital Money?

The first step to holding digital currency is getting a wallet to hold your bits(money) in. There are a couple different types of wallets one can choose from and they are each given a general description below.

1. Mobile wallets

We use phones for most tasks these days and bitcoin wallets tailored for your Smartphone is therefore very convenient. Mycelium and Blockchain are both available on Android and IOS. Perhaps, one of the most handy features on mobile wallets, apart from enhanced security features, is the QR code capability. It enables instant payments.



2. Desktop wallets

They are designed to be downloaded and used on laptops and personal computers. They are easy to access and use even when the computer is not connected to the internet. They are available for different operating systems – Windows, Mac OS and Ubuntu. Armory is the most recommended desktop wallet, especially due to its security features. Others are Multibit, mSIGNA, and Hive.

3. Online web wallets

These are provided on the cloud by third party wallet service companies. The wallets on these platforms are only accessible through an internet connection. Coinbase and Circle are some of such service providers. Bitgo is trusted by institutions for its vault services that include co-sign to lock accounts.

On the other hand, multi-signature wallets from Coinkite let you decide the number of cosignatories to have one account.

4. Physical wallets

If you thought bitcoins were digital only, then think again. Paper wallets can securely hold your bitcoins in cold storage form for a long time. You can store this form of wallet it in a safety deposit box along with your other valuables.

In order to generate a paper wallet, you use sites such Bitaddress.org or Blockchain.info. Once they are generated, you print them out on a piece of paper.

5. Bitcoin Clients

These are the original bitcoin wallets used by the pioneers of the currency. Computers installed with these wallets form part of the core network and thus have access to all transactions on the blockchain.

BitcoinQt, was the first ever built bitcoin client wallet. Many believe it is what Satoshi Nakamoto used. With it, you play a role in the overall state of the network. Another with richer features is Electrum, a lightweight client.

6. Hardware Wallets (Cost $$)

Trezor and Ledger HW.1 are quickly becoming popular as portable physical vaults. They are incredibly small devices. They are secure for storage, sending and receiving transactions online. Their developers make use of top grade cryptography and take them take through continual scrutiny.

Cold wallets vs. Hot wallets

All wallets are classified as either hot or cold. One that is connected to the internet or is online is said to be ‘hot’. On the other hand, ‘cold’ implies it is offline or disconnected from the internet.

‘Cold’ is considered the most secure, thus, recommended for storing large amounts of bitcoins. ‘Hot’ is suitable for frequently accessed funds. Therefore, the best strategy is to use cold storage for long term holdings and a hot wallet for regular use.

 

P.S. my favorite Cold Wallet Click Here

Step #1  – Make a Wallet

Follow the steps to Make a Wallet on Blockchain:

The Steps for the Mobile and the Computer are the same:

Coinbase Wallet

Go to Coinbase

 

or Click Here

https://goo.gl/xeRNG6

 

Register your account info ; verify your email address

Once you are in your Dashboard ; click accounts

 



You can also access your Coinbase wallet by clicking on BTC Receive under Accounts

Here you can view your wallet address and QR code

The best part is that all user wallets are insured. Expert users can even activate a super-advanced & secure mutli-signature wallet. This guarantees that in the event Coinbase were to go offline then these users could still move their coins.

 

Blockchain Wallet

Go to https://www.blockchain.com

Click Sign-Up/Get a Free Wallet ; Fill out the forms

After you verify your Email and log in again you arrive at your dashboard ; click on request as the arrows shows

you arrive at your wallet address page ; you can copy and share your address or a QR code

This QR code or this line of letters and numbers is your account routing info, or how you send money to your account. You can copy and save it. Share it with someone and they can send you bitcoin. Make sure they are sending you the correct type of coin your wallet in configured for as well. So don’t send Etherium to your Bitcoin wallet or vice versa.

 

Congrats! You made your first wallet!

Wait! Before you go! IMPORTANT LAST STEP!! Click on Security Center

Click on the Backup Recovery Phrase button and follow the prompts to write down (not on your computer or phone) the 12 word pass phrase. Be very cautious! Someone can access and take your account just from this pass phrase. Store this in a safe place and a way to recover this wallet if you lose access.

Whew.. Now that we have our first Wallet ready and secure we can transfer some bitcoins into it. So now ..

Step #2 – Buy Bitcoin

Where do you buy bitcoin?

Can you buy bitcoin with cash? Yes

Can you buy bitcoin with a credit card? Yes

Can you buy bitcoin with a western union? Yes

Places you can buy Bitcoins Listed :

Coinmama

 

Coinmama : accepts both credit card and cash via Western Union or MoneyGram. This is the best place to buy with cash. Due to a relatively “offshore” location and cash deposit methods, Coinmama is another excellent site to keep things as private as possible. This goes without saying, the website is nicely designed and works perfectly on a mobile browser as well as desktop.  Beginners and novices alike find Coinmama really easy to use.

 

Slide the slider to the amount you want to just click any button it will take you to the sign-up page

Register you account and verify your email. You arrive at your Dashboard. Click Buy Bitcoins to purchase coins.

 

Click Buy Bitcoins. But before you can make a purchase you need to verify your account to level 1 : photo ID upload.

 

 

Coinmama does not make a wallet for you so you need to have a wallet ready after you upload your documents and start an order.

Customer support is truly amazing compared to Coinbase or other large exchanges. I strongly believe that Coinmama will rise to become a very popular option.

 

Next up is

xCoins

xCoins : Honestly just a simple way to jump into Bitcoin is with this one site xCoins.io to Buy coins. It has one of my favorite market places. Also it creates a wallet for you and you can then transfer them out if you want.

Click Get Bitcoin Now ; Sign-Up

 

After signing up verify your email and then decide out much you want

 

Right after you make a purchase you need to verify your account so have a photo ID upload ready.

The only downside to this is that you don’t want to keep your bitcoins in the wallet on this site; they are not as safe in a exchange site wallet as a separate wallet. That is why you already made one. It was Step #1 . . right?  You will need to pay a small fee to transfer them. That leads us to

 

CoinBase

Coinbase : Based out of San Francisco, Coinbase allow users to buy with USD, Euros & GBP. Be sure to read up their information page which will help you get started. Coinbase really is a great site for multiple reasons, but most importantly because it’s intuitive. The user interface is so appealing and simple to use. Coinbase is also one of the most secure exchanges site and has over 18 million happy users per month. Card purchases are real simple and fees remain very competitive.

Start by clicking sign-up

Register your account info ; verify your email address

Once you are in your Dashboard ; click accounts

 



You can also access your Coinbase wallet by clicking on BTC Receive under Accounts

Here you can view your wallet address and QR code

The best part is that all user wallets are insured. Expert users can even activate a super-advanced & secure mutli-signature wallet. This guarantees that in the event Coinbase were to go offline then these users could still move their coins.

Step #3 – Tell Your Friends

 

So You Own Bitcoin, What Now?

With Bitcoin making record gains all you need to do is sit back and watch it grow

 

The real beauty and power of Bitcoin is being demonstrated right now in Venezuela as the Venezuelan people started relying on Bitcoin after their state currency collapsed. Lets take the power and control of money away from the government and put it back into the peoples hands. Start by telling your friends about how they can join the Bitcoin revolution.

 

 

So What is the Blockchain?

A blockchain– originally block chain is a continuously growing list of records, called blocks, which are linked and secured using cryptography.

Blockchain technology is how bits can be used to represent money and also how bits can’t be duplicated or tampered with. This ledger allows new info to be added while encoded a hologram of the original ledger into the newly created block. Making it impossible to open and change.

Interested in Trading or Selling Bitcoin and other Cryptocurrencies try Binance click link: https://www.binance.com/?ref=12885608

*Trade in Bitcoin

*Safe and Reliable

Are you rich yet? Send me some bits

My Bitcoin Address :

18ZzNXyYrqNxNwneL5HsVtvEbSMmifjJYV

 

Thanks everyone for reading. Like and Share

 

MOST SECURE WALLET EVER

 

The Future of Wallets (CryptoNano Cold Wallet)

http://amzn.to/2oHm87M

 

 

 

Coinmama: Buy Bitcoins with Credit Card

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