Buying a Bitcoin Guide? Where to get started? People have a lot of misunderstandings about bitcoin-the world’s very first widely known and accepted crypto-currency. Current discussion is Going Here.
For eg, a lot of people think it is only used by hackers and bad individuals. But Bitcoin actually goes mainstream with everyone now accepting payments in bitcoin from TigerDirect to Expedia.com to Dell, and even Subway.
So here are 3 easy steps to purchase Bitcoins:
#1 Get a Bitcoin Wallet The first thing you need to do before buying your coins is to get a virtual wallet to house your coins. This wallet is a text string that may be used by people to send you bitcoins.There are a number of different wallet types including ones that you download to your phone or computer, online wallets and even offline, cold storage wallets.Most people prefer to use their phone or computer to get a wallet. Popular wallets include Bitcoin, Armory, MyCelium Bitgo and Xapo.Usually it’s as simple as downloading the wallet as an app to your phone, or downloading the software from the main website of the wallet to your computer.
#2 Decide where to buy Several types of places to buy are available, and each is a bit different. Online sellers are there who can specifically offer you bitcoins for cash (or bank wire or credit card).There are markets where other people can buy and sell bitcoins-similar to a stock market. There are also local exchanges in your area that link you up with sellers looking to sell.There are also ATMs where you go to shop with cash and have your coins shipped in minutes to your pocket.
#3 Buy Bitcoin and Transfer it To Your Wallet Once you have found a place to purchase, get your funds ready (i.e. you may submit a wire transfer or use your Visa to finance your account). Waiting for a good deal instead. (Bitcoin prices fluctuate still 24 hours a day, 7 days a week). Once you’re set, place your order then.Once your order has been filled out and your coins are in, you’ll want to send them to your wallet. Simply enter your Bitcoin address, and send your Bitcoins to the seller. In minutes to an hour you should see them show up in your wallet (depending on how fast the vendor sends them out).