How to Buy Bitcoin - Step One

by Chris John Christopher John

The best way to learn about Bitcoin is to dive into it and put it in your "pocket" to understand how Bitcoin works.

 

Despite the hype about how difficult and dangerous it is, getting Bitcoin is much easier and safer than you might think. In many respects, this is probably easier than opening an account at a traditional bank. And given what's happening in the banking system, it's probably even safer.

 

There are some things to learn. Learn how to get and use software wallets, how to send and receive money, and how to buy rdp with bitcoin from people and exchanges.

 

Preparation

 

Before you can start, you need to get a portfolio. You can do this very easily by registering with one of the exchanges that hosts your wallet. And eventually you'll want to own one or more exchange wallets, but the exchange is still experimental, so you'll have to start with one on your computer to get a better idea of ​​Bitcoin. .. At that point in the discussion, it is advisable to withdraw money and coins from the exchanges or get into the habit of diversifying between exchanges to keep your money safe.

 

What is a wallet?

 

It's a way to save your Bitcoin. Specifically, it is a program designed to store Bitcoins. You can run it on your desktop, laptop, or mobile device (except Apple so far), and you can even store Bitcoins on USB devices and more. If you're worried about hacking, this is a good option. Winklevoss * who invested millions of dollars in Bitcoin Even the twins invested in a hard drive and put it in a safety deposit box.

 

* Winklevos twins pioneered the idea of ​​a social networking site that became Facebook. They hired Mark Zuckerberg. He regarded their ideas as his own and became very wealthy.

 

What do I need to know about installing a Bitcoin wallet on my computer?

 

You can then download the original Bitcoin wallet or client in Windows or Mac format. These are not just wallets, they are actually part of the Bitcoin network. They receive, store and send your Bitcoins. You will see a field where you can copy and paste a number like this person you want to send money to and it will be sent directly to that person's wallet. You can also create a QR code that allows someone to take a picture with your phone app and send you Bitcoin. Giving them is absolutely safe-the address and QR code are unique to my donation page. Don't hesitate to donate!

 

Note: This type of wallet acts as part of the wallet and Bitcoin system. Bitcoin works because every transaction is sent and recorded as a number system-wide (that is, every transaction is verified by the network itself and irreversible). Any computer with the appropriate software can be part of this system, network verification, and support. This wallet serves both as a personal wallet and as a support for this system. Therefore, keep in mind that you will need 8-9GB of computer memory. After installing the wallet, it can take up to a day for the wallet to sync to the network. This is a good idea as it is normal, does not harm the computer, and greatly improves the safety of the entire system.

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Created on Oct 6th 2020 04:36. Viewed 104 times.

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