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←Older revision Revision as of 13:16, 15 September 2017
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[[Category:Bitcoin]]
 
[[Category:Bitcoin]]
 
== Steps ==
 
== Steps ==
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#Get some bitcoins with any of these methods:
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#Get some bitcoins with any of these methods:[[Image:Use Bitcoin Step 1 Version 4.jpg|center]]
 
#* """Buy small amounts of Bitcoin online""". If you are buying under $2000 of Bitcoin or are new to crypto currencies try one of the combined wallet / bitcoin traders to get rolling.  Examples include [https://www.coinbase.com/ Coinbase] and [https://xapo.com/ Xapo]. These sites will allow you to buy a small amount of Bitcoin in exchange for an approximate 1% service charge.  Like a bank, they will also store your bitcoin for you on their servers.
 
#* """Buy small amounts of Bitcoin online""". If you are buying under $2000 of Bitcoin or are new to crypto currencies try one of the combined wallet / bitcoin traders to get rolling.  Examples include [https://www.coinbase.com/ Coinbase] and [https://xapo.com/ Xapo]. These sites will allow you to buy a small amount of Bitcoin in exchange for an approximate 1% service charge.  Like a bank, they will also store your bitcoin for you on their servers.
 
#* """Buy large amounts of Bitcoin via a trading exchange.""" If you are buying over $2000 of Bitcoin, you will want to take advantage of the lower commission rates offered on an exchange. These exchanges operate like a stock market with bid / ask spreads changing 24 hours a day. Creating an account at an exchange is a similar process to opening a new bank account, you will likely need to give them your real name, contact information and send them money. Different countries and currencies have different Bitcoin exchanges that are best to use in each geography:
 
#* """Buy large amounts of Bitcoin via a trading exchange.""" If you are buying over $2000 of Bitcoin, you will want to take advantage of the lower commission rates offered on an exchange. These exchanges operate like a stock market with bid / ask spreads changing 24 hours a day. Creating an account at an exchange is a similar process to opening a new bank account, you will likely need to give them your real name, contact information and send them money. Different countries and currencies have different Bitcoin exchanges that are best to use in each geography:
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#*"""Earn bitcoin.""" Look for other companies that are willing to hire people in exchange for bitcoin. Or open a store on OpenBazaar (the bitcoin version of eBay) and sell your stuff in exchange for coins.
 
#*"""Earn bitcoin.""" Look for other companies that are willing to hire people in exchange for bitcoin. Or open a store on OpenBazaar (the bitcoin version of eBay) and sell your stuff in exchange for coins.
 
#*"""Mine bitcoins.""" Download and run a -quot;mining-quot; program (CGMiner, for example) on a custom computer that turns math equations into bitcoin. While profitable mining was possible for individuals in the early days of Bitcoin, it"s now in the domain of specialized companies. -lt;ref-gt;https://www.weusecoins.com/en/mining-guide-lt;/ref-gt;
 
#*"""Mine bitcoins.""" Download and run a -quot;mining-quot; program (CGMiner, for example) on a custom computer that turns math equations into bitcoin. While profitable mining was possible for individuals in the early days of Bitcoin, it"s now in the domain of specialized companies. -lt;ref-gt;https://www.weusecoins.com/en/mining-guide-lt;/ref-gt;
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#Set up your first Bitcoin wallet. If you don"t feel technically competent, it"s perfectly acceptable to ignore the next few steps and just leave your bitcoin in the account where you bought them. In fact, most bitcoin holders do just that. But the beauty of bitcoin is that it"s money that no third party needs to control for you. In addition, since exchanges store hundreds of millions of dollars of bitcoin, they are a very attractive target for hackers. So unlike stuffing dollars in your mattress, it"s actually safer to store your bitcoins on your own rather than trusting them to an exchange. All the wallets listed here will not give any third-party access to your bitcoins:
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#Set up your first Bitcoin wallet. If you don"t feel technically competent, it"s perfectly acceptable to ignore the next few steps and just leave your bitcoin in the account where you bought them. In fact, most bitcoin holders do just that. But the beauty of bitcoin is that it"s money that no third party needs to control for you. In addition, since exchanges store hundreds of millions of dollars of bitcoin, they are a very attractive target for hackers. So unlike stuffing dollars in your mattress, it"s actually safer to store your bitcoins on your own rather than trusting them to an exchange. All the wallets listed here will not give any third-party access to your bitcoins:[[Image:Use Bitcoin Step 2 Version 4.jpg|center]]
 
#*"""Mobile Wallets""" are Bitcoin wallets that run on your mobile device. Such wallets are portable and practical for in-store use. Mobile devices tend to be less prone to malicious software than are computers, creating a reasonably secure environment for small amount of bitcoin. Some of the best mobile wallets are:
 
#*"""Mobile Wallets""" are Bitcoin wallets that run on your mobile device. Such wallets are portable and practical for in-store use. Mobile devices tend to be less prone to malicious software than are computers, creating a reasonably secure environment for small amount of bitcoin. Some of the best mobile wallets are:
 
#**[http://airbitz.co/ Airbitz]
 
#**[http://airbitz.co/ Airbitz]
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#**[https://bitcoinarmory.com Armory]
 
#**[https://bitcoinarmory.com Armory]
 
#**[https://multibit.org Multibit]
 
#**[https://multibit.org Multibit]
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#Create a public Bitcoin address. Use the wallet you created in the above step to create a public address for you. Think of a public address like an email address in that you can share it with anyone you want to send you email or in this case Bitcoin.
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#Create a public Bitcoin address. Use the wallet you created in the above step to create a public address for you. Think of a public address like an email address in that you can share it with anyone you want to send you email or in this case Bitcoin.[[Image:Use Bitcoin Step 3 Version 4.jpg|center]]
 
#*A public bitcoin address will be a long string of seemingly random letters and digits like 16BPS8xb5k36MeNLWmfZ1zpjCqbDhgyaHg.
 
#*A public bitcoin address will be a long string of seemingly random letters and digits like 16BPS8xb5k36MeNLWmfZ1zpjCqbDhgyaHg.
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# Send a small amount of bitcoin to the public address you created above using the -quot;withdraw-quot; or -quot;send-quot; function in the place you bought your bitcoin. You may need to wait 10-20 minutes for a confirmation, but if you did everything correctly you should now see the small amount of bitcoin you sent in your personal wallet. Congratulations! You have successfully moved bitcoin to a wallet that you and only you control!
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#Send a small amount of bitcoin to the public address you created above using the -quot;withdraw-quot; or -quot;send-quot; function in the place you bought your bitcoin. You may need to wait 10-20 minutes for a confirmation, but if you did everything correctly you should now see the small amount of bitcoin you sent in your personal wallet. Congratulations! You have successfully moved bitcoin to a wallet that you and only you control![[Image:Use Bitcoin Step 4 Version 4.jpg|center]]
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# Use your bitcoin to invest, shop, donate or give away. The list of things you can do with bitcoin is endless.  Here are some ideas to get you moving
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#Use your bitcoin to invest, shop, donate or give away. The list of things you can do with bitcoin is endless.  Here are some ideas to get you moving[[Image:Use Bitcoin Step 5 Version 4.jpg|center]]
 
#* Invest. Since there are only 21 million bitcoins that will ever be created, each bitcoin should rise in value over time as long as more and more people continue to use them. To be a bitcoin investor, simply hold your bitcoin and wait.
 
#* Invest. Since there are only 21 million bitcoins that will ever be created, each bitcoin should rise in value over time as long as more and more people continue to use them. To be a bitcoin investor, simply hold your bitcoin and wait.
 
#* Buy stuff by finding merchants who accept Bitcoin. Many online stores (such as Overstock.com, Expedia, Dell, and many others) accept bitcoin in the same way they accept credit cards. Depending on where you live you may also have a store near you that accepts bitcoin.
 
#* Buy stuff by finding merchants who accept Bitcoin. Many online stores (such as Overstock.com, Expedia, Dell, and many others) accept bitcoin in the same way they accept credit cards. Depending on where you live you may also have a store near you that accepts bitcoin.

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