BTC BITCOINS
Bitcoin is an international digital currency. It is open-source and nobody controls or owns it. Bitcoins aren’t printed, like dollars or euros, but are maintained by a community of open-source developers. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.
Bitcoin is notable for a number of advantages:
- it is easy (person to person), you can send bitcoins using your computer, tablet, smartphones, or any other device to anyone, anywhere in the world.
- extremely fair minimal fees (less than 3 cents for every transaction)
- it is secure, transactions are verified with state-of-the-art encryption
- it is open-source (fully decentralized)
To avail the advantages of bitcoin you need to use a bitcoin wallet (to send and receive bitcoins) and use the services of bitcoin exchanges (to buy and sell bitcoins, i.e. to convert them to your local currency).
How to Create a Bitcoin Wallet?
To start using bitcoins you need to create a “bitcoin wallet”, this is basically a bitcoin equivalent of a bank account where it allows you to receive bitcoins, store them and send them to others. There are many kinds of bitcoin wallets. Here includes one of the major wallet
Please note that “bitcoin wallet” is only for keeping, sending and receiving bitcoins and not for buying bitcoins.
1. Blockchain
To register:
- Go to the website https://blockchain.info/wallet
- Click “Start a new wallet” (Later you will just login in)
- Put your information and submit it.
- Then check your email for verification link
- Log in to your account click on receive to view your BTC address
- a 34digit alphanumeric digits which can be likened to your Bank account number.
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