How To Buy Bitcoins - First Steps

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The best way to learn Bitcoin is to jump in and get some in your "pocket" to understand how they work.

It's easier and safer to get Bitcoin than you think after you've gotten to know how difficult and dangerous it may be. In many ways, this may be easier than opening a bank account in a traditional bank. And, given what is happening in the banking system, it may also be more secure.

Something to learn is learning and using software wallets, learning how to send and receive money, and learning how to buy bitcoins from people or exchanges.

Preparation

Before you begin, you need to create a wallet for yourself. You can do this easily by registering an exchange that will host the wallet for you. And, although I think you will want to exchange wallets one or more times, you should start on your own computer to better experience Bitcoin because the exchange itself is still experimental. When we reach this stage of discussion, I will suggest that you develop the habit of diverting money or coins from the exchange or diversifying your exports in order to keep your money safe.

What is a wallet?

This is a way to store Bitcoins. Specifically, it is software for storing Bitcoin. It can run on desktop computers, laptops, mobile devices (in addition to Apple), and can also store Bitcoin on, for example, a thumb drive. If you are worried about being hacked, then this is a good choice. Even Winklevoss* twins with millions of bitcoin investments invest their investment in hard drives and put them into safes.

* Winklevoss twins initially had a social networking site that became Facebook's idea. They hired Mark Zuckerberg. He used his ideas as his own ideas and became very rich.

What do you need to know about using Bitcoin wallet on your computer?

You can download the original Bitcoin wallet or client in Windows or Mac format below. These are not just purses, they are actually part of the Bitcoin network. They will receive, store and send your bitcoins. You can click to create one or more addresses (the address is a number like this: 1LyFcQatbg4BvT9gGTz6VdqqHKpPn5QBuk). You will see an area where you can copy and paste such a number. You can copy and paste a number from the person you want to send money to, and then go directly to that person's wallet. You can even create a QR code, let people use the application on the phone to take pictures and send you some bitcoins. Excluding them is very safe - both the address and the QR code apply to my conflict page. Donate!

Note: This type of wallet can be used as your wallet or as part of the Bitcoin system. The reason Bitcoin works is that each transaction is broadcast throughout the system and recorded as a number (this means that each transaction is confirmed and the network itself is irreversible). Any computer with suitable software can become part of the system, checking and supporting the network. This wallet can be used as your personal wallet or as support for the system. Therefore, note that it will occupy 8-9 gigabytes of computer memory. After installing the wallet, the wallet needs to synchronize with the network daily for one day. This is normal, will not harm your computer, and make the entire system more secure, so this is a good idea.

Bitcoin Qt

• The original purse.
• This is a full-featured wallet: Create multiple addresses to receive Bitcoins, easily send Bitcoins, track transactions, and back up your wallet.
• This is an easy-to-use option except for the time it takes to synchronize.
• Search Bitcoin Qt Wallet Download to find their website.

The Armory

• runs on Bitcoi Qt, so it has all the same synchronization requirements.
• Armory allows you to back up, encrypt, and store your bitcoins offline.
• Search Bitcoin Armory wallet to find their website.

If you don't want to use that much memory or don't want to wait for your wallet to sync, then having a good wallet won't let you sync the bitcocin's entire history: [19659002] Multibit

• Quick sync Lightweight purse. This is very useful for new users.
• Search Bitcoin Multibit Wallet to find its website.

Electum

• In addition to being quick and light, this wallet allows you to recover lost data using a password.
• Search Bitcoin Electum Wallet to find its website.

After setting up your wallet, click on a few clicks. Things to look for:

o There will be a page showing how many Bitcoins are currently in your wallet. Remember that Bitcoin can be divided into smaller parts, so you may see a lot of zeros after a decimal point. (Interestingly, 0.00000001 is a Satoshi, named after the creator of the Bitcoin kana).

o There will be a zone showing your recent transactions.

o There will be an area where you can create an address and a QR code (just like the one above me). If you don't need it, you don't need a QR code, but if you run a company and want to accept Bitcoin, all you need to accept payment is to show someone a QR code and have them take a picture of them. They Will be able to send you some money. You can also create as many addresses as you like, so if you want to track where funds come from, you can set up a separate tagged address for each payee.

o When you want to send money to someone or yourself through an exchange or a different wallet, there will be a box in the box for you to paste the code.

There will be other options and features, but from the beginning, these are the items you should know.

Get Your First Bitcoin

Now that you have a wallet, you will of course want to test them.

The first place to go is http://faucet.bitcoin.st/.

This is a website that dispenses a small amount of bitcoin in order to make people accustomed to using them. The original version was run by Gavin Andreson, Bitcoin's chief developer. The site has since closed, and the site sends one or two ads per month. You agree to receive these messages by requesting Bitcoin. Copy and paste your new Bitcoin address and enter the phone number to which you can receive text messages. They send a text message to make sure people don't continue coming back because there's no cost to create a Bitcoin address. They also send advertisements once or twice a month to support their operations. The amount they sent was insignificant: 0.0015 BTC (or 1.5 mBTC). However, they can be processed almost immediately and you can see if your address and wallet are working properly. Getting this part of Bitcoin is also a feeling. (Non-disclaimer: I have nothing to do with this site, if you use them, will not receive anything

Congratulations! You have just entered Bitcoin economy

in order to make your feet Become more humid, you can make gold, there are many services and websites will use Bitcoin to pay your money, such as go to some sites, fill out an online survey or watch sponsored video, etc., these are harmless, you can make money This approach adds some extra Bitcoin, but it's important to remember that when people click on the links on their website, these companies get paid and they are essentially reclaiming a portion of their income, without any illegality. , even immoral (you may like what you see and make purchases!), but they are often flashy and may not be completely simple. All software I've tried (especially bitvisitor.com) has been advertising In the form of payment.Experiment w is very interesting despite these, but even if the value of Bitcoin may increase, you will not become a million to do so Therefore, unless you are an addict, I would advise you to move on.If you want to try it, just Google "Free Bitcoin" or along these lines, you will find many sites.

Buy Bitcoin hand

Finally, this will be the real test of Bitcoin. Can people easily trade back and forth? If this cannot happen, then it will not be possible to become a bitcoin economy because retailers It will not be used. If the retailer can't use it, then what use is it? Fortunately, this is not a real problem. The iPhone is a bit humble, but many smart phones have applications (mobile wallets). Will read the QR code and allow you to send bitcoins to anyone.You can also display the QR code of your address and even carry a card in your QR code to let people send you bitcoins. For your wallet type, you can check if you have received Bitcoin

A few things to note:

• When you set up your wallet, if you click Next, you will see an option to pay the fee to expedite the transaction. When he/she/they handle bitcoin information, the funds can be used by bitcoin miners. The miners keep the system up-to-date while creating information blocks. And security. This fee is a kind of incentive for miners to ensure that your information is included in the next block of information to "validate" it. In the short term miners earn most of the money by digging new coins (in this regard For more information, please read the section "What is Bitcoin." In the long run, as it becomes harder to find new coins, as the economy grows, these costs will become miners continue to create more blocks and Keep the incentive for sustained economic growth. Your wallet should be set to pay 0 by default, but you can add fees to prioritize transactions if you wish. You are not obliged to pay the fees. Many organizations that deal with many small transactions (such as the pan-gold transactions described above) will generate enough money to keep the miners happy.
• Click on your wallet, on the trading page or link to a specific transaction, you will see a description of the confirmation. When you make a transaction, this information is sent to the network, and the network sends back confirmation that the bitcoin does not have a double entry. It is wise to wait for you to confirm many times before leaving the person who paid you. In fact, such a person cannot deceive people well. This is not a good deal for criminals, but it can be done.

Where can you buy such Bitcoin?

• You may be hosting Bitcoin Meetup in your area.
• You can check localbitcoins.com to find people near you who are interested in buying or selling.
• Some people try to initiate local street exchanges around the world. These were referred to as Battenwood after the first street deal on Wall Street in 1792. See if there is one in your area or start one.
• See if you have friends who want to try Bitcoin. In fact, the more people start using Bitcoin, the bigger and more successful it will be. So tell two friends!

Someone asked if it is possible to buy actual Bitcoin. The answer to this is both positive and negative. Bitcoin is essentially a digital currency and has no physical form. However, there are several ways you can hold Bitcoins in your hands:

• Cascascius Coins: These are the brainchild of Mike Caldwell. He coined a coin and embedded Bitcoin's private key in it. You can peel off the hologram from the coin, and then clearly show that the coin has been tampered with to obtain the private key. Mike has tried his best to ensure that he can be trusted. These are good investment strategies because in the next few years, these coins may be huge collector's items.
• Paper Wallet: Paper Wallet simply means that you don't have to print the Bitcoin information stored in your digital wallet with your private key and save it in a safe in a drawer. Or put in a mattress (if you like). This is a highly recommended and cost effective system to keep your bitcoin safe. Remember that someone can steal them, or if your house burns, they will go with the house and there is no way to get them back. Really, nothing beats cash. In addition, like Casascius Coins, they are not really spent until they are put back on the computer.

* There is software to make your paper wallet easier to print. Bitcoinpaperwallet.com is one of the best and includes a good tutorial on how to use them.

*Bitcoin is not actually in the wallet, they are still online. In fact, there will be a QR code on the outside of the wallet, allowing you to send coins to your wallet anytime, anywhere.

* The sealed part of the wallet will have a private key, without which you cannot access the coin. Therefore, only place as many coins as possible on the wallet you want to enter. You can't take this thing out and take out some money to buy a cup of coffee. Instead, think of it as a piggy bank. In order to get the money, you must smash it. You can reduce the amount, but at this point the wallet's security will be compromised, and someone will be more likely to steal coins. It's best to get them all in and out.

* People who use paper wallets usually have a sense of security, and evil people in the world have many ways to break your computer. Bitcoinpaperwallet.com offers a lot of good advice on how to securely print wallets.

Some people also asked questions about buying Bitcoin on eBay. Yes, this is possible, but they will be far overestimated. So, considering that you may see extreme price increases in market value, selling on eBay seems like a better option. But, as all those things that are too good and impossible, this is so good that it cannot be established. As I will explain in the next section, selling Bitcoin in this way is just too risky.

How to not buy Bitcoin

In the next section, I will explain some key points about buying from the Bitcoin exchange. Before I do, let me give you a warning.

Brief history lesson: When people first started building actual Bitcoin-based businesses, they used all the tools available to any merchant. They sell through credit cards and PayPal. The problem of this business model was soon discovered: Bitcoin transactions are irreversible apart from the recipients of money. Credit cards and PayPal have a strong buyer protection policy that makes it relatively easy for people to request a refund. Therefore, a malicious individual becomes aware of this and begins to purchase Bitcoin, and then requests a refund sooner or later. Moreover, because Bitcoin is a non-physical product that is sent through new and incomprehensible technical means, sellers cannot counter it. Therefore, the seller stopped accepting credit cards and PayPal.

This is a big issue for money: How to transfer funds between buyers and sellers? Some businesses continue to emerge, and if you give them money, they will use Bitcoin for credit. These companies often provide addresses in Albania, Poland or Russia. The fact is that many of these are indeed effective, and there are many stories on the forums of people who bought Bitcoin in this way. But it took a lot of time and at the same time buyers had to bite his or her nails and wondered if they would get their bitcoins or kiss their investment goodbye.

I expect that as Bitcoin becomes more acceptable and valuable, we will see a version of the Nigerian scam. So the warning is this: We now have changes and other companies can easily move funds in and out of the exchange. Never fund Bitcoin. This is a short-lived and forgotten moment in the history of Bitcoin.

Next, I will discuss how to buy from the Bitcoin exchange and review some of the best known changes.

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