Binance   Ledger

Monday, December 11, 2017

Setting up Your ฿itcoin Wallet

Have you set up a ฿itcoin wallet yet?
If not, this will help you get started...

Setting up a wallet is just like setting up a bank account or a paypal account, except it requires A LOT LESS information from you. With ฿itcoin the magic is in the BlockChain and the decentralized ledger so all you need is a ฿itcoin address and two keys.

All ฿itcoin wallets are the same, they work by having a public key and a private key. Everyone will know your public key, this is like your bank account number or the email address someone would send money to if we relate it to paypal.

Your private key is like your password, nobody knows this password and in many cases if you lose the password you cannot retrieve it because you are the only one who knows it. This makes your ฿itcoin wallet VERY safe and secure.

Ok, so here are a few options...

  1. BlockChain -- This is one of the best around no matter where in the world you live. In fact, it is one of the few wallets that doesn't require any information and they DO NOT hold your private key so if you lose it, you may lose access to the ฿itcoin. As far as security and privacy this is our favorite! (they also have a very easy to use mobile app.)
  2. Coinbase -- This wallet is one of the most widely supported wallets. They require a lot of verification from you and they do store your private key, although it is likely encrypted so this is just as safe as any bank, but the downside is no privacy. You are required to confirm information about yourself to move ฿itcoin around.
  3. Luno -- The Luno Learning Portal is an excellent starting point. Here, we have gathered useful info about the basics of digital currency to help Luno newcomers and complete beginners satisfy their curiosity and orientate themselves about the digital currency phenomenon. Each article can be read in isolation and explains one concept about digital currency. After reading the Learning Portal, you should feel more comfortable with digital currency and hopefully better equipped to join the conversation. (Promo Code: A84K7)
  4. Xapo -- This wallet is tops in security and they offer a great cold storage vault. We recommend if you are in a country they support and you are holding a significant amount of ฿itcoin you create one of their wallets and then open a vault.
  5. Bitcoin.co.id Indonesian Only!

There are also many other options to choose from, more are launching weekly, we suggest you a do a little research to find what wallet will work the best for you. You may want to set up multiple wallets and try them out, they are all FREE!

After you have set up your wallet you will need to purchase ฿itcoin and fund your wallet. There are many ways to do this, from buying it on an exchange like Coinbase, BitStamp, OkCoin, or using a credit card (Circle.com is a good one for this.)

You can also find a local ATM near you that may offer their own wallet. In this case you can find the ATM deposit cash and it will automatically fund your account with ฿itcoin.

With how fast this industry is moving we suggest you login to your Member's Area and find the service that is best suited for you.

If you need additional help, please contact:

∕̴)Ɩ ௰ί††
+62 822 980 22388
alw1tt@live.com
fb.com/4lw1tt

Don't go another day without earning ฿itcoin!

No comments:

Post a Comment