With the fame and praises it received through the years of being one of the most successful and trusted financial-related platforms, Bitcoin has been growing and expanding its influence as much as it can. More people and aspiring wealthy individuals in the future are already beginning their track towards the bitcoin platform wherein they will be transformed to a better and more optimistic individual. However, beginning at the very first step is considered the hardest. Good thing, we are here to support and help you as you being your Bitcoin journey. Here is a guide for you to consider in getting started with bitcoin. So, let us start now and learn something valuable! You can also take the reference from the bitcoin-pro.live to clarify your doubt as per your requirements.
Step 1: Download the Bitcoin Wallet
The very first step that you need to do in getting started with Bitcoin is to download its wallet. This wallet will then allow you to either send or receive BCH. Also, wallets help you keep track of the BTC balance you own and are held in bitcoin addresses. It generally has a feature to help you access a history of all your bitcoin cash transactions.
Another thing wallets are made different across a variety of platforms. They may all share a common functionality, yet there are certain features that they differ from one another. This feature then makes each one unique from another.
Step 2: Add Cash or Bitcoin to the Wallet
After making sure that you already own a bitcoin wallet, you can now proceed to add cash or bitcoin itself into it. This will help you increase your bitcoin balance, especially when done all the time. Also, bitcoins can be purchased using credit cards. Aside from that, mobile wallet devices can do the same work to increase your bitcoin balance. Another option is by choosing the bitcoin exchange wherein you can easily set up your account and purchase bitcoins with your funds from a credit card or bank account. You only need to keep in mind that your private key must be literally private and not shared with other people. When undone, it can lead to chances of being scammed or hacked and loss of bitcoin funds. Thus, it is important for you to have a backup, private key, as well as other credentials used in offline storage.
Step 3: Use bitcoin wallet to send and receive bitcoins
The next and last step in getting started with your bitcoin is to use it for both sending and receiving bitcoins. In sending bitcoins, there are several requirements to meet since the transaction is completely irreversible, and paying good attention while sending bitcoins is a need. On the other hand, receiving bitcoins is way easier and quicker as long as the public address is provided. For more information, below is an elaborated way of sending bitcoin that you need to consider:
- Copy the public Bitcoin address of your receiver or scan its QR code.
- Open your Bitcoin wallet and look for the send Then, paste your receiver’s address into the field.
- Type in the number of Bitcoins you want to send.
- Confirm the given information.
Best things to do as a new Bitcoin User
Congratulations! You are able to complete the steps in getting ready with your bitcoin account. Now that you already own one, as well as gathered common ideas on how to use it, learning the best things while using this is a must.
Well, you already learned that bitcoin refers to a tool used in holding and sending related financial matters properly. Now, here are the best things that you now need to know and apply.
- Choose the right and best bitcoin wallet
- Choose the best and right bitcoin exchange
- Avoid bitcoin fraud
- Cold storage
Happy bitcoin journey!
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