Make Your TOP QUALITY BITCOINA Reality

The best way to learn about bitcoin, would be to jump in and get a few in your “pocket” to have a feel for how they work.

Despite the hype about how difficult and dangerous it usually is, getting bitcoins is a lot easier and safer than you might think. In a lot of ways, it is probably easier than opening an account at a normal bank. And, given what has been happening in the bank operating system, it is probably safer too.

There are a few what to learn: getting and utilizing a software wallet, learning how to receive and send money, learning how to buy bitcoin from the person or an exchange.

Preparation

Before getting started, you will have to get yourself a wallet. You can certainly do this easily enough by registering with one of many exchanges which will host wallet for you. And, although I think you will want to have a number of exchange wallets eventually, you need to start with one all on your own computer both to acquire a better feel for bitcoin and because the exchanges remain experimental themselves. When we get to that stage of the discussion, I am advising that you will get in the habit of moving your money and coins off the exchanges or diversifying across exchanges to keep your money safe.

What is a wallet?

It is a solution to store your bitcoins. Specifically, it is software that has been designed to store bitcoin. It could be run on your pc, laptop, mobile device (except, as yet, Apple) and can also be made to store bitcoins on things such as thumb drives. For anyone who is worried about being hacked, then that is a good option. Even the Winklevoss* twins, who have millions committed to bitcoin, put their investment on hard disks which they then placed 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 have to know about having a bitcoin wallet on your computer?

Below you can download the original bitcoin wallet, or client, in Windows or Mac format. They are not just wallets, but are actually portion of the bitcoin network. They will receive, store, and send your bitcoins. You can create one or more addresses with a click (an address is a number that appears like this: 1LyFcQatbg4BvT9gGTz6VdqqHKpPn5QBuk). You will notice a field where one can copy and paste lots like this from a person you need to send money to and off it will go directly into that person’s wallet. You can even create a QR code that may let someone have a picture with an app on the phone and send you some bitcoin. It is perfectly safe to give these out – the address and QR code are both for my donations page. Feel absolve to donate!

NOTE: This kind of wallet acts both as a wallet for you personally and as area of the bitcoin system. The reason why bitcoin works is that every transaction is broadcast and recorded as lots over the entire system (and therefore every transaction is confirmed and made irreversible by the network itself). Any computer with the right software can be section of that system, checking and supporting the network. This wallet serves as your personal wallet and also as a support for that system. Therefore, remember that it will require up 8-9 gigabytes of your computer’s memory. Once you install the wallet, it will take as much as each 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 advisable.

Bitcoin Qt

The original wallet.
This is the full-featured wallet: create multiple addresses to get 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.
Search for Bitcoin Qt wallet download to get their site.
Armory

Runs along with Bitcoi Qt, so it has all the same syncing requirements.
Armory allows you to back up, encrypt, and the ability to store your bitcoins off line.
Search for Bitcoin Armory Wallet to get their site.
If you don’t want that much memory used or don’t want to await your wallet to sync, there are good wallets that not make you sync the entire history of bitcocin:

Multibit

A lightweight wallet that syncs quickly. This is good for new users.
Seek out Bitcoin Multibit Wallet to get their site.
Electum

Not only is it quick and light, this wallet enables you to recover lost data utilizing a passcode.
Search for Bitcoin Electum Wallet to get their site.
After you obtain the wallet set up, have a few minutes clicking around. What to look for:

o There will be a page that shows you how many bitcoins are in your wallet. Keep in mind that bitcoins can be split up into smaller pieces, so you might see a decimal with a lot of zeros after it. (Interesting note, 0.00000001 is one Satoshi, named after the pseudonymous creator of bitcoin). Bitcoin paper wallet