The best way to learn about bitcoin, would be to jump in and get a few in your “pocket” to obtain a feel for how they work.
Despite the hype about how difficult and dangerous it really is, getting bitcoins is a lot easier and safer than you might think. In plenty of ways, it really is probably easier than opening an account at a normal bank. And, given what has been happening in the banking system, it is probably safer too.
There are a few things to learn: getting and utilizing a software wallet, learning how exactly to receive and send money, learning how to buy bitcoin from a 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. And, although I think you are going to want to have a number of exchange wallets eventually, you need to start with one all on your own computer both to have 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 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 really is software that has been made to store bitcoin. It can be run on your pc, laptop, mobile device (except, up to now, Apple) and can also be produced to store bitcoins on things like thumb drives. Should you be worried about being hacked, then that is clearly a great option. Even the Winklevoss* twins, who’ve millions invested in bitcoin, put their investment on hard disks which they then put into a safety deposit box.
*The Winklevoss twins will be the ones who originally had the theory for a social networking site that became Facebook. They hired Mark Zuckerberg who took their idea as their own and became immensely rich.
What do you must know about having a bitcoin wallet on your pc?
Below you can download the initial bitcoin wallet, or client, in Windows or Mac format. They 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 a number that looks like this: 1LyFcQatbg4BvT9gGTz6VdqqHKpPn5QBuk). You will notice a field where you could copy and paste a number like this from the person you would like 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 have a picture with an app on the 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 free to donate!
NOTE: This kind of wallet acts both as a wallet for you personally and as area of the bitcoin system. 코인커뮤니티 why bitcoin works is that each transaction is broadcast and recorded as a number over the entire system (meaning that 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 in addition as a support for that system. Therefore, be aware that it will require up 8-9 gigabytes of your computer’s memory. After you install the wallet, it will require as much as a day for the wallet to sync with the network. That is normal, does not harm your computer, and makes the system all together more secure, so it’s a good idea.
Bitcoin Qt
The original wallet.
This is the 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 is a very easy to use option.
Seek out Bitcoin Qt wallet download to get their site.
Armory
Runs along with Bitcoi Qt, so that it has all of the same syncing requirements.
Armory permits you to back up, encrypt, and the ability to store your bitcoins off line.
Seek out Bitcoin Armory Wallet to find their site.
If you don’t want to have that much memory used or don’t want to wait for your wallet to sync, you can find good wallets that not make you sync the complete history of bitcocin:
Multibit
A lightweight wallet that syncs quickly. This is good for new users.
Search for Bitcoin Multibit Wallet to get their site.
Electum
In addition to being quick and light, this wallet allows you to recover lost data utilizing a passcode.
Search for Bitcoin Electum Wallet to get their site.
After you get the wallet set up, have a few minutes clicking around. Things to look for:
o There will be a full page that shows you just how many bitcoins are in your wallet. Take into account that bitcoins can be split up into smaller pieces, so you may see a decimal with plenty of zeros after it. (Interesting note, 0.00000001 is one Satoshi, named following the pseudonymous creator of bitcoin).