Here are three steps to help you get started using Bitcoin right now:
While they all share certain basic functionality, features vary from one wallet to the other so it’s worth learning more about How to Choose a Bitcoin Wallet before downloading the wallet of your choice.
Bear your private key(s) private and never share with anyone. It is very important to backup your wallet’s private key and any other credentials for offline storage. Failing to backup could result in the loss of your Bitcoin holdings if you should ever lose the device on which the wallet is installed.
Overall, the process for sending bitcoin is actually quite easy:
– Copy the receiver’s public Bitcoin address (or scan QR code)
– Open your wallet and navigate to its “Send” feature, paste the receiver’s address into the appropriate field
– Specify the amount you want to send (for help converting fiat currency into bitcoin visit our Bitcoin Tools page.)
– Confirm that the address and amount are both correct Send Bitcoin is accepted by thousands of individuals, websites, and brick-and-mortar businesses around the world, here are just a few:
Best Practices for New Bitcoin Users
Congratulations! You have bought your first bitcoin and know the basics of receiving and sending—you are now a full-fledged Bitcoiner! You have the basics but there is always more to learn. Bitcoin is a tool that is only as useful as your ability to hold and spend it properly.
Here are some best practices for new Bitcoin users to read and learn:
– How to Choose the Right Bitcoin Wallet
– How to Choose the Right Bitcoin Exchange
– Guide to Avoiding Bitcoin Fraud
– Cold Storage: What is It and How to Set it Up
The above steps are just the basics. Bitcoin and it’s blockchain technology on which it relies are robust solutions to payment obstacles all over the world. Since bitcoin is real money it is important to have a solid understanding of certain aspects related to receiving, storing, and spending.