Many people ask, 'How do I get bitcoins?' The quick and dirty is covered in our comprehensive guide: 40+ Best Ways To Buy Bitcoins
The easiest and fastest way to buy bitcoins instantly with a credit card or debit card is via Indacoin where you can acquire $50 or less of bitcoin fast and usually within 10 minutes.
However, you may be new to the entire cryptocurrency concept and for that we recommend you learn a few things.
Bitcoin is extremely empowering but also different than the currency you know and use every day.
Step 1 ---> Get Started With Bitcoin
Before you start using Bitcoin, which is still experimental but has been operational without any interruptions for over eight years, there are a few things that you need to know in order to use it securely and avoid common pitfalls.
First, Bitcoins are impossible to counterfeit or inflate.
Second, you can use them to send or receive any amount of money, with anyone, anywhere in the world, at very low cost. Bitcoin payments are impossible to block, and bitcoin wallets can’t be frozen.
Third, with Bitcoin you can directly control the money yourself without going through a third party like a bank or Paypal.
Fourth, Bitcoin transactions cannot be reversed or refunded. You should only deal with businesses or people you trust.
FifthTo be valid, a Bitcoin transactions must be confirmed at least once but preferrably 6+ times before it has happened and becomes irreversible.
Sixth, Bitcoin is not anonymous but there is tumbling. All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address.
Seventh, 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.
Eighth, there is a growing number of services and merchants accepting Bitcoin all over the world. You can use Bitcoin to pay them and rate your experience to help honest businesses to gain more visibility.
Ninth, the Bitcoin industry is always changing and there are many Bitcoin news services to stay up to date.
Step 2 ---> How To Get A Bitcoin Wallet
Setting up your first Bitcoin wallet is simple. There are several quality mobile, desktop, and hybrid wallets available. If you want to do thorough research then you can read our comprehensive guide on how to find the best Bitcoin wallet.
A great path would be:
(1) a mobile wallet like Airbitz (iPhone, Android), CoPay (iPhone, Android) or Mycelium (Android).
(2) acquire bitcoins from a friend, as payment for a good or service or buy bitcoins from one of the many exchanges.
(3) if you decide to store large amounts of bitcoins and want to know they are absolutely safe then use Armory.
Best Mobile Bitcoin Wallets
iPhone and Android apps are available with popular choices including:
Copay
Copay is a Bitcoin wallet by Bitpay and available on iOS, Android, Windows Phone, Linux, Max OS X, and Windows. Because Copay is available on multiple platforms, it’s easy to use the same wallet or accounts across multiple devices.
Copay’s simple, clean user interface makes it a good choice for new Bitcoin users. Copay is also a good option for businesses due to a shared account feature, which requires a certain number of users to sign each transaction. Two co-founders, for example, could create a 2 of 2 wallet where both will be required to sign each transaction.
breadwallet (Android)
Breadwallet started out as the most popular wallet for iPhone, and now it is also available for Adroid devices running Android 6.0 or higher. The simplicity and easy-to-use security makes it a great place to start for users who are new to bitcoin.
Airbitz
AirBitz is another Bitcoin wallet that’s great for everyday use. It’s integrated with Fold, meaning you can get 20% discounts at Starbucks from within the wallet.
Airbitz manages accounts with usernames and passwords, but doesn’t have access to your funds. This type of account creation is easier for less technical users who may have trouble backing up or understanding HD seeds.
breadwallet (iOS)
Breadwallet’s combination of simplicity and security has made it the most popular iOS wallet. iPhone users in search of their first Bitcoin wallet should find Breadwallet easy to understand.
Best Bitcoin Software Wallets
Bitcoin software wallets are downloaded to your computer, give you more control and do not depend on third-party services. Most software bitcoin wallets require a day or so to download the blockchain before they are ready for use.
Armory
Armory is the most mature, secure and full featured Bitcoin wallet but it can be technologically intimidating for users. Whether you are an individual storing $1,000 or institution storing $1,000,000,000 this is the most secure option available. Users are in complete control all Bitcoin private keys and can setup a secure offline-signing process in Armory.
Bitcoin Core
Bitcoin Core is the “official” Bitcoin client and wallet, though isn’t used by many due to slow speeds and a lack of features. Bitcoin Core, however, is a full node, meaning it helps verify and transmit other Bitcoin transactions across the network and stores a copy of the entire blockchain. This offers better privacy since Core doesn’t have to rely on data from external servers or other peers on the network. Bitcoin Core routed through Tor is considered one of the best ways to use Bitcoin privately.
Best Hybrid Bitcoin Wallets
Hybrid Bitcoin allow you to both control the private keys and have the easy of use of a web wallet.
Copay
Copay is a Bitcoin wallet by Bitpay and available on iOS, Android, Windows Phone, Linux, Max OS X, and Windows. Because Copay is available on multiple platforms, it’s easy to use the same wallet or accounts across multiple devices.
Copay’s simple, clean user interface makes it a good choice for new Bitcoin users. Copay is also a good option for businesses due to a shared account feature, which requires a certain number of users to sign each transaction. Two co-founders, for example, could create a 2 of 2 wallet where both will be required to sign each transaction.
Best Bitcoin Web Wallets
Bitcoin web wallets are the easiest and most convenient to use but are potentially less secure than the above options because the private keys to your bitcoins are usually held by a third-party.
Due to the large number of security breaches where people have lost bitcoins, we do not recommend any of the current Bitcoin web wallets. A wallet like Copaycan be used on mobile & desktop. It provides the benefits of a software wallet and is easy to use across many devices. Copay also helps you securely share wallets with other people.
Best Bitcoin Hardware Wallets
Bitcoin hardware wallets are the most secure because they do not expose your private keys to the network.
- Ledger Wallet - Smartcard based and malware proof
- Ledger Wallet Review
- OPENDIME - The Bitcoin Credit Stick
- OPENDIME Review
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