How to use bitcoin

Some things you need to know

If you are about to explore Bitcoin, there are a few things you should know. Bitcoin lets you to exchange money in a different way than with usual banks. As such, you should take time to inform yourself before using Bitcoin for any serious transaction. Bitcoin should be treated with the same care as your regular wallet, or even more in some cases!

Get a wallet

There are many wallets to choose from and here are our recommendations:

Web Wallets are relatively easy to set up. You don’t need any software installation on your PC, and whole process takes only 5-10 minutes. Web wallets are insecure in comparison to software wallets, since you are depending on a third party. However, you must choose your web wallet service with care and research. Proven web-wallets are: Blockchain.info, BitGo, GreenAddress, Coinbase, Coinkite.

Software Wallets are downloaded and run from your computer. They're considered more secure because the user has more control and doesn't depend on a 3rd party service. We recommend to choose one of these popular software wallets: BitcoinCore, MultiBit, Hive OS X, Armory, Electrum.

Download it, follow easy steps and install to your computer. It will take only few minutes to synchronize with Bitcoin net. Create your very own bitcoin wallet to receive and send your coins. Every wallet can have various addresses: it is just like email address, Facebook i’d etc. Bitcoin address is an identifier of 27-34 alphanumeric characters, beginning with the number 1 or 3. For example “12B2grAGYY8A8jGJbA6KDxvxVptJFSfnEV

You can obtain or generate your personal address with in Bitcoin wallets.

Be aware that Bitcoin wallets are similar to real wallet, only difference is Bitcoin wallets are digital and they store your coins. Backup your wallet, make several copies and store them at different places, protect web copies. Keep your wallet safe.

Learn more at the official site: https://bitcoin.org/en/secure-your-wallet

Get Bitcoins

You can get bitcoins by accepting them as a payment for goods and services or by buying them from a friend or someone near you. You can also buy them directly from an exchange with your bank account.

To find easiest and safest way to get Bitcoins, please learn more ot the official page https://bitcoin.org/en/secure-your-wallet with the list of trustworthy exchanges and their options.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.

Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.