Skip to main content


How to create a bitcoin wallet

How To Set Up a Wallet

A “wallet” is basically the Bitcoin equivalent of a bank account. It allows you to receive bitcoins, store them, and then send them to others. There are two main types of wallets. A software wallet is one that you install on your own computer or mobile device. You are in complete control over the security of your coins, but they can sometimes be tricky to install and maintain. A web wallet or hosted wallet is one that is hosted by a third party. They are often much easier to use, but you have to trust the provider to maintain high levels of security to protect your coins. There are four main wallets that we recommend for beginners.

Coinbase

Sending coins with Coinbase
Sending coins with Coinbase
Coinbase is a web wallet with a simple design and a number of very useful features that make it excellent for beginners. You can send and receive bitcoins via email and buy and sell bitcoins directly from Coinbase. A full-featured Android app enables access to all account functions on the go. Coinbase’s founders have a proven startup track record and have raised money from very prominent venture capitalists. This gives Coinbase a level of legitimacy unparalleled in the Bitcoin space. They are also one of the only large Bitcoin companies to never suffer a major hack. Click here to sign up.

Electrum

sending coins with Electrum for Windows
Sending coins with Electrum for Windows
Electrum is a software wallet that enables you to set up a strong level of security very quickly. During the simple installation process, you are given a twelve word phrase that will allow you to recover all of your bitcoins in the event that your computer fails. Your wallet is also encrypted by default which helps protect your coins against hackers. Electrum is available for Windows, OSX, and Linux and is our recommended software wallet for beginners. Click here to download the right version for your operating system.

Bitcoin Wallet for Android and Blackberry

For those looking for mobility and security, we recommend the simply-titled Bitcoin Wallet mobile app. There is a version for both Android and BlackBerry OS. It is a software wallet, so you retain complete control over your bitcoins. It also works well with QR codes and NFC, making transferring coins to someone else’s phone easier than writing a check. Be sure to backup your wallet (with the included “Backup Wallet” feature) or you risk losing all your coins the next time you get too close to a pool.

Blockchain.info

One of the quickest and easiest ways to get a Bitcoin wallet is to simply go to Blockchain.info and fill out their brief requirements. Blockchain.info is another web wallet like Coinbase and provides a simple setup and mobile access to your account via their Android app. They also provide a number of other useful services to the Bitcoin community.

Other Wallets

We also recommend a few other wallets, but not for the beginning Bitcoin user. If you are up for more of a challenge, Armory is a good choice for those requiring the highest possible security, and the original Bitcoin-Qt client is also trusted and worth learning how to use.

Next Steps

Now that you have a wallet set up, it’s time to learn how to get some bitcoins
call +2348134055653.
Labels:

Comments

Post a Comment

Popular posts from this blog

Chibuike okey ft Plan b - " I believe in you " (prod by Legacy)

  The brand new single from the stable of The Empire Of David's Musical Artist 
Post a Comment
Read more

SEVEN STEPS TO SEE AND SOLVE BLINDSPOTS

Blindspots let you blame others for your shortcomings and feel superior while doing it. 5 common leadership blindspots: Evaluating yourself as a good listener, even though you can’t wait for others to stop talking. The discipline of listening is seldom achieved. It’s likely you’re more enamored with your voice than anyone else. Overvaluing your strengths while highlighting the weaknesses and faults of others. Overestimating the value you bring while undervaluing the potential of others. Believing you understand others, even though you ask few questions and make many judgments. Falling in love with yours solutions while criticizing the suggestions of others.   You think it’s problem-solving. Your team thinks you’re defending your viewpoint while nitpicking theirs. The worst blindness is seeing your blindspots and excusing them. 7 steps to see and solve blindspots: #1. Admit you have blindspots, even if you don’t see them. Just say it, “I have blindspots.” #2. Declare your intentions...
Post a Comment
Read more

CEOS ON AVERAGE HAVE THE LOWEST EQ

“CEOs, on average, have the lowest EQ scores in the workplace.” However, CEOs with the highest EQ scores outperform their low EQ colleagues.   Emotional Intelligence 2.0 4 ways to elevate EQ for leaders: #1. Embrace the genius of ‘and’. Be tough   and   emotionally intelligent. Don’t choose between tough leadership and emotional intelligence.  Reflect on your feelings   and   the feelings of others.  Express empathy   and   high expectations. Believe in relationships   and   results. Give support   and   challenge. Enjoy power   and   give it away. Celebrate wins   and   set new goals. Make tough decisions   and   remain compassionate. Use ritual for stability   and   force yourself into new experiences. Apologize with humility  and   press forward with confidence. Express what you really want   and   stay open to others. #2. Believe negative feedback. One symptom...
Post a Comment
Read more