🖥 How to Get Started with Bitcoin

in #bitcynews6 years ago (edited)

🖥 How to Get Started with Bitcoin
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🎯 Here are three steps to help you get started using Bitcoin right now:

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👛 Step 1: Download a Bitcoin Wallet
A Bitcoin wallet is an app or program that allows you send and receive bitcoin. Wallets also keep track of your bitcoin balance which is held in one or more bitcoin addresses. Generally, wallets also have a feature that keeps a history of your bitcoin transactions.
There are many different wallets across various platforms.

💸 Step 2: Add Bitcoin to Your Wallet
Now that you have a wallet, you probably want to add some bitcoin to your balance. Have your Bitcoin wallet address ready and visit the buy Bitcoin page. Here, you will be able to easily purchase Bitcoin with a credit card. Another option is to choose a Bitcoin Exchange where you can 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.

🛍 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

🏆 Congratulations! You have bought your first bitcoin and know the basics of receiving and sending—you are now a full-fledged Bitcoiner!
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