The best way to understand about bitcoin, would be to jump in and get several in your “pocket” to have a feel for how they work.
Despite the hype about how difficult and dangerous it really is, getting bitcoins is easier and safer than you may think. In a lot of ways, it really is probably easier than opening an account at a normal bank. And, given what has been happening in the bank operating system, it really 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 exactly to buy bitcoin from the person or an exchange.
Preparation
Before getting started, you need to get yourself a wallet. You can do this easily enough by registering with among the exchanges that will host wallet for you personally. And, although I think you are going to want to have one or more exchange wallets eventually, you need to start with one on your own computer both to get a better feel for bitcoin and as the exchanges remain experimental themselves. When we get to that stage of the discussion, I am advising that you will get in the habit of moving your cash 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 designed to store bitcoin. It really is run on your pc, laptop, mobile device (except, as yet, Apple) and can also be made to store bitcoins on things like thumb drives. For anyone who is concerned about being hacked, then that is a great option. Even the Winklevoss* twins, who’ve millions committed to bitcoin, put their investment on hard disks which they then placed into a safety deposit box.
*The Winklevoss twins are 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 should know about having a bitcoin wallet on your computer?
Below you can download the original bitcoin wallet, or client, in Windows or Mac format. These are not just wallets, but are in fact portion of the bitcoin network. They will receive, store, and send your bitcoins. You can create a number of addresses with a click (an address is really a number that looks like this: 1LyFcQatbg4BvT9gGTz6VdqqHKpPn5QBuk). You will see a field where one can copy and paste a number like this from the person you intend to send money to and off it will go straight into that person’s wallet. You can even create a QR code which will let someone take a picture with an app on their phone and send you some bitcoin. It really is perfectly safe to provide these out – the address and QR code are both for my donations page. Feel absolve to donate!
NOTE: This kind of wallet acts both as a wallet for you and as part of the bitcoin system. The reason bitcoin works is that every 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 individual wallet and in addition as a support for that system. Therefore, be aware that it will require up 8-9 gigabytes of one’s computer’s memory. After you install the wallet, it will take as much as a day for the wallet to sync with the network. This is normal, does not harm your computer, and makes the system as a whole more secure, so it’s advisable.
Bitcoin Qt
The original wallet.
This is a full-featured wallet: create multiple addresses to receive bitcoins, send bitcoins easily, track transactions, and back up your wallet.
Outside of the time it takes to sync, this can be a very easy to use option.
Seek out Bitcoin Qt wallet download to find their site.
Armory
Runs along with Bitcoi Qt, so it has all of the same syncing requirements.
Armory enables you to back up, encrypt, and the ability 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 want to await 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 good for new users.
Search for Bitcoin Multibit Wallet to find their site.
코인선물 is it quick and light, this wallet lets you recover lost data utilizing a passcode.
Search for Bitcoin Electum Wallet to find their site.
After you obtain the wallet set up, have a few minutes clicking around. What to look for:
o There will be a full page that shows you how many bitcoins are in your wallet. Remember that bitcoins can be split up into smaller pieces, so you may see a decimal with a lot of zeros after it. (Interesting note, 0.00000001 is one Satoshi, named after the pseudonymous creator of bitcoin).