How to Obtain Bitcoins

The best and simple way to understand how Bitcoins work is to have a few of them in your wallet to have a firsthand experience. Obtaining Bitcoins is easy unlike how it has always been depicted. Moreover, it is as easy to use, unlike the hustles that come with the use of credit cards. In fact, obtaining a bitcoin wallet is way easier than opening a bank account in a traditional bank. However, there are a few things that you need to learn before you decide to use Bitcoins. This artifact has a list of ideas on how to obtain Bitcoins.

I. Preparation 

The first tool to get you started is a wallet. Do this by registering or rather signing up with one of the exchanges where they will host your wallet. The fact that you may letter need a couple of other wallets, it is advisable that you first have one in your computer. This will give you a chance to give it a try considering that this crypto-currency is still at its experimental stage. Therefore, to keep your finances safe, it is good to keep your money and coins off the exchange rate or somewhat diversify across the exchanges to be sure of the safety of your money.

II. What is a wallet?

A wallet is a way to store or save your Bitcoins. In clear terms, it is software that has been designed to help you store your crypto-currency. You can access your wallet through your tablet, laptop or mobile phone. This can also be customized to be able to store your Bitcoins on a thumb drive. Storing your Bitcoins in a thumb drive also known as a flash disk is safe in case you fear to be hacked.

III.  Having Bitcoins on your wallet

You will start by downloading a bitcoin wallet or client using a MacBook or windows in one of the many websites available note that this is not just a wallet but a network of Bitcoins. After creating a wallet, you will deposit your finances then they will process them and load your wallet with Bitcoins equivalent to your money. This software has a feature where one can scan your code or picture before sending you the currency. This makes the channel very secure and away from hacking activities.

However, you must be warned of some sites that claim to be dealing with Bitcoins. Some of these sites are scams, and you may risk losing your money if you are not cautious enough. Therefore, a bit of research and inquiries will help you big time.

2018-02-25T02:33:04+00:00