BITCOIN FOR FROFIT - Bitcoin and Cryptocurrency/ How Bitcoin Works

We'll try our best to describe the Bitcoin process as clearly as possible in this part, avoiding technical jargon as much as possible.
Get some bitcoins first. Alternatively, you might You may mine it yourself, get it as a gift, or buy it at a store. Coinbase or Kraken are two Bitcoin exchanges. Various wallets are available.to keep your newly acquired bitcoins. Desktop wallets, mobile app wallets, paper wallets, and hardware wallets are all options.

Wallets can be physical or digital. Each wallet kind has benefits and drawbacks.

Most experts believe, however, that online wallets, particularly those found on exchange sites, are insecure since both your private and public keys are stored online. As a result, hackers have a lot of access to your money.

After you've decided on the best wallet for your needs, you may go on to the next step. Make your first bitcoin transaction. To send bitcoin to another user, all you have to do is follow the steps below.

All you have to do is acquire their email address or bitcoin address, then input the amount you want to pay. If you have a brief letter to give, tell them what the payment is for (this is optional).optional), and then click the "Send" button.
Alternatively, if you’ve got the QR code to their bitcoin wallet, you can
simply scan it and hit Send. The transaction will appear in the other
person’s account in a short period of time, usually between 10-45 minutes.
The reason for this ‘wait’ is explained more fully in the next section.
And that’s it! Bitcoin transactions are quick, safe, cheap and the perfect
alternative to paying with bank-issued credit and debit cards, and even
paying in cash.