The best way to learn about bitcoin is to jump in and get a couple in your pocket to get a feel for how they operate. Regardless of the hype about how difficult and dangerous it can be getting bitcoins is a whole lot simpler and safer than you may think. In lots of ways, it is most likely simpler than opening an account at a traditional bank. And, given what’s been happening in the banking system, it is most likely safer too. There are a few things to learn: getting and utilizing a software wallet, learning how to send and receive money, learning how to purchase bitcoin from someone or an exchange.
Before getting started, you will have to get a wallet. You can do this easily enough by enrolling with one of those exchanges that will host wallet for you. And, although I believe you are going to need to have one or more exchange pockets you should start with one on your computer to get a better sense for bitcoin and since the trades are still experimental themselves. When we reach that phase of the discussion, I will be advising that you get in the habit of transferring your money and coins off the trades or diversifying across exchanges to keep your money safe.
What is a wallet?
It is a way to store your bitcoins. Specifically, it is software that is been designed to keep bitcoin. Bitcoin converter may be run on your desktop computer, notebook, mobile device except, as yet, Apple and may also be made to store bitcoins on things like thumb drives. If you are worried about being hacked, then that is a fantastic option. The Winklevoss* twins, who have millions invested in bitcoin, place their investment on hard drives that they then put into a safety deposit box. The Winklevoss twins Are people who initially had the idea for a social networking website that became Facebook. They hired Mark Zuckerberg who took their idea as his own and became immensely wealthy.
What do you want to know about using a bitcoin wallet in your PC?
Below you can download the first bitcoin wallet, or customer, in Windows or Mac format. These are not wallets, but are actually part of this bitcoin network. They will receive, store, and ship your bitcoins. You can create one or more addresses with a click an address is a number that looks like this: 1LyFcQatbg4BvT9gGTz6VdqqHKpPn5QBuk. You will find a field where you can copy and paste a number such as this from a person you need to send cash to and off it will go directly into that individual’s wallet. You can also create a QR code that will let someone take a picture with a program in their phone and send you some bitcoin. It is perfectly safe to provide out these – the speech and QR code are both for my contributions page. Feel free to donate!