The best way to understand about bitcoin, is to jump in and get a few in your “pocket” to get a feel for how they work.
Despite the hype about how exactly difficult and dangerous it might be, getting bitcoins is a lot easier and safer than you might think. In a lot of ways, it is probably easier than opening a merchant account at a normal bank. And, given what has been happening in the banking system, it is probably safer too.
There are a few what to learn: getting and using a software wallet, learning how exactly to receive and send money, learning how to buy bitcoin from the person or an exchange.
Preparation
Before getting started, you will need to get yourself a wallet. You can do this easily enough by registering with among the exchanges that will host wallet for you. And, although I think you will definitely want to have one or more exchange wallets eventually, you need to start with one by yourself computer both to acquire a better feel for bitcoin and because the exchanges remain experimental themselves. When we get to that stage of the discussion, I will be advising that you get in the habit of moving your money and coins off the exchanges or diversifying across exchanges to help keep your money safe.
What is a wallet?
It is a way to store your bitcoins. Specifically, it is software that has been made to store bitcoin. It could be run on your desktop computer, laptop, mobile device (except, up to now, Apple) and can also be produced to store bitcoins on things such as thumb drives. Should you be worried about being hacked, then that is a great option. Even the Winklevoss* twins, who’ve millions committed to bitcoin, put their investment on hard drives which they then put into a safety deposit box.
*The Winklevoss twins will be the ones who originally had the theory for a social media site that became Facebook. They hired Mark Zuckerberg who took their idea as his own and became immensely rich.
What do you need to know about having a bitcoin wallet on your computer?
Below you can download the initial bitcoin wallet, or client, in Windows or Mac format. These are not just wallets, but are actually part of the bitcoin network. They’ll receive, store, and send your bitcoins. It is possible to create a number of addresses with a click (an address is a number that appears like this: 1LyFcQatbg4BvT9gGTz6VdqqHKpPn5QBuk). You will see a field where one can copy and paste lots like this from a person you want to send money to and off it’ll go directly into that person’s wallet. You may also create a QR code that will let someone have a picture with an app on the phone and send you some bitcoin. It is perfectly safe to give these out – the address and QR code are both for my donations page. Feel absolve to donate!
코인커뮤니티 : This sort of wallet acts both as a wallet for you personally and as portion of the bitcoin system. The reason bitcoin works is that each transaction is broadcast and recorded as lots across the entire system (and therefore every transaction is confirmed and made irreversible by the network itself). Any computer with the right software can be part of that system, checking and supporting the network. This wallet serves as your personal wallet and also as a support for that system. Therefore, remember that it will require up 8-9 gigabytes of your computer’s memory. After you install the wallet, it will take as much as each day for the wallet to sync with the network. That is normal, does not harm your personal computer, and makes the system as a whole more secure, so it’s advisable.
Bitcoin Qt
The original wallet.
That is a full-featured wallet: create multiple addresses to get bitcoins, send bitcoins easily, track transactions, and back up your wallet.
Outside of the time it requires to sync, it is a very easy to utilize option.
Seek out Bitcoin Qt wallet download to find their site.
Armory
Runs on top of Bitcoi Qt, so that it has each of the same syncing requirements.
Armory enables you to back up, encrypt, and the capability to store your bitcoins off line.
Search for Bitcoin Armory Wallet to get their site.
If you don’t want that much memory used or don’t desire to wait for your wallet to sync, you can find good wallets that do not make you sync the entire history of bitcocin:
Multibit
A lightweight wallet that syncs quickly. This is very good for new users.
Search for Bitcoin Multibit Wallet to get their site.
Electum
In addition to being quick and light, this wallet permits you to recover lost data utilizing a passcode.
Search for Bitcoin Electum Wallet to find their site.
After you get the wallet set up, have a few minutes clicking around. What to look for:
o There will be a page that shows you just how many bitcoins are currently in your wallet. Take into account that bitcoins can be split up into smaller pieces, so you might see a decimal with a lot of zeros after it. (Interesting note, 0.00000001 is one Satoshi, named after the pseudonymous creator of bitcoin).