How to get started with Bitcoins

Trusted Bitcoin Wallets,How to buy Bitcoin, types of bitcoin walletsHow to get Bitcoins

The fastest and easiest way is to purchase Bitcoins via credit or debit card. You will need to choose from some of the trusted Bitcoin wallets that are out there. If you are new to the cryptocurrency world you should learn few things first. Bitcoin is quite diffrent than the currencies we tipically use.

There are few things to know before getting started

You can use Bitcoin to send and receive any amount of money at a very low cost from anybody anywhere around the world. The payments cannot be blocked or the bitcoin wallets frozen. You controll the money yourself without a third party like a bank or paypal. Bitcoins are not anynonimous.The wallet stores the transactions publicly and permanently , so anybody can see the balance of any bitcoin adress and its transactions.The transactionscannot be reversed nor refunded, so deal only with businesses you trust. A valid transaction must be confirmed at least once but preferebly 6 or more times before it is confirmed and becomes ireversable.

You can buy Bitcoin from a number of exchanges and also accept them as a payment. There is also a growing number of services and companies that accept bitcoin as a payment method. Bitcoins are not vulnerable to inflation nor deflation.There are confusingly similar Cruptocurrencies such as Bytecoin, Bitcoin Cash and others.

Get a Bitcoin Wallet

Trused Bitcoin Wallets for Mobile

Copay is easy to use with clear interface and also has a shared account feature.  You can use the same account or wallet on multiple devices, because it is available on multiple platforms, such as iOS, Android, Windows Phone, Linux, Max OS X, and Windows. One of the trusted Bitcoin Wallets.

Breadwallet started as a very popular wallet. It is very simple with easy to use security which makes it perfect for people who are new to bitcoin.

Airbitz is easier for not so technical users. It does not have accsess to your funds although it manages the accounts with passwords and usernames. Great wallet for everyday use.

Software Bitcoin Wallets:

Software Bitcoin Wallets give you more controll, because they are downloaded on your computer.

BitcoinCore is the official itcoin wallet. It is the lack of features and speed that make it not so popular.However it stores a copy of the entire blockchain. This helps with the privacy, because the wallet doesn’t rely on data from other peers and external servers.

Armory is the one of the most secure Bitcoin Wallets. Users are in complete controll of all pryvate keys and can setup secure offline sighning proccess. However Armory can be quite difficult technicaly for users.It is one the safest and trusted Bitcoin Wallets.

Best Hardware Bitcoin Wallets

The hardware wallets have the best security because they do not expose your private keys to the network.

Bitcoin Ledger Wallet is a usb hardware wallet with smartcard security and is also very affordable. You can purchase it from Ledger directly with Bitcoins.

OpenDime comes in the shape of a mini USB, and it is very easy and simple to sett it up. OpenDime Rewiew here…

For more information about the types of wallets, how to choose and to increase its security please keep read read the article Choose a Bitcoin Wallet.

Where to Buy Bitcoins From

Coinbase is one of the world’s largest Bitcoin exchanges and trusted Bitcoin wallets. You can buy your cois with connected bank account or SEPA transfer. It offers bitcoins and also other major cryptocurrencies like Etherium and Litecoin. It operates in the USA,Canada, Singapore and most of Europe. European residents can also buy their coins with debit or credit cards.

SpectroCoin is another of the trusted Bitcoin wallets. It offeres services that include a wide range of Bitcoin solutions, from exchanges to Bitcoin e-wallets. SpectroCoin builds its business policy on Bitcoin’s philosophy of making financing quicker, frictionless and also flexible. That includes every aspect of service, starting from the number of payout methods to the range of support languages available.

Indacoin  enables the quickest bitcoin purchases in more than 200 countires with a credit or debit card and no registration. The first time you use the card, you will receive a call from Indacoin with a 4-digit code, which you have to enter on your order page. The second  you will have to enter a 3-digit code, which you can find on your online card statement next to the charge amount. The limit for the first transaction is $50 , $100 for the second transaction after four days of the initial purchase and $500 after eight days of the first buy. The total limit for the first month is $5,000 and then no limits at all. Since your card is verified, cryptocurrency is sent automatically within ten minutes after the payment.

LocalBitcoins.com allows users to post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. You reply to these advertisements and agree to meet the person to buy bitcoins with cash, or trade directly with online banking. Bitcoins will be in LocalBitcoins.com web wallet from where you can pay your bitcoin purchases directly.

How to use Bitcoins

With Bitcoins you can purchase pretty much anything you want. Down bellow we have listed Bitcoin Merchant directories and we recommend you to search them for merchants and services that accept bitcoins or other cryptocurrencies:

Airbitz allows you to find Bitcoin merchants online or near you
Open Bazaar is a decentralized marketplace
Coinmap allows you to find merchants near you that accept bitcoin
Purse.io Get discounts on Amazon.com

Trusted Bitcoin Wallets,How to buy Bitcoin, types of bitcoin wallets