Best TOP QUALITY BITCOIN Android/iPhone Apps

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 exactly difficult and dangerous it usually is, getting bitcoins is easier and safer than you might think. In a lot of ways, it is probably easier than opening a merchant 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 things to learn: getting and utilizing a software wallet, learning how exactly to receive and send money, learning how exactly to buy bitcoin from a 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 are going to want to have one or more exchange wallets eventually, you need to start with one on your own computer both to acquire a better feel for bitcoin and as the exchanges are still experimental themselves. When we get to that stage of the discussion, I will be advising that you will get in the habit of moving your cash and coins off the exchanges or diversifying across exchanges to help keep your money safe.

What is a wallet?

It is a way to store your bitcoins. Specifically, it really is software that has been made to store bitcoin. It is usually run on your pc, laptop, mobile device (except, as yet, Apple) and can also be produced to store bitcoins on things such as thumb drives. If you are worried about being hacked, then that is a great option. Even the Winklevoss* twins, who’ve millions invested in 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 his own and became immensely rich.

What do you should know about having a bitcoin wallet on your computer?

Below you can download the initial bitcoin wallet, or client, in Windows or Mac format. They are not just wallets, but are in fact part of the bitcoin network. They will receive, store, and send your bitcoins. You can create a number of addresses with a click (an address is a number that appears like this: 1LyFcQatbg4BvT9gGTz6VdqqHKpPn5QBuk). You will notice a field where you can copy and paste lots like this from a person you wish to send money to and off it will go directly into that person’s wallet. You may also create a QR code which will let someone take a picture with an app on their 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 free to donate!

NOTE: This type of wallet acts both as a wallet for you personally and as section of the bitcoin system. The reason bitcoin works is that each transaction is broadcast and recorded as lots across the entire system (meaning that every transaction is confirmed and made irreversible by the network itself). Any computer with the right software can be part of that system, checking and supporting the network. This wallet serves as your individual wallet and in addition as a support for that system. Therefore, remember that it will take up 8-9 gigabytes of one’s computer’s memory. After you install the wallet, it will take as much as a day for the wallet to sync with the network. That is normal, does not harm your personal computer, and makes the system all together more secure, so it’s advisable.

Bitcoin paper wallet Bitcoin Qt

The original wallet.
It is a 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 usually a very easy to utilize option.
Seek out Bitcoin Qt wallet download to find their site.
Armory

Runs on top of Bitcoi Qt, so that it has all of the same syncing requirements.
Armory allows you to back up, encrypt, and the capability to store your bitcoins off line.
Seek out Bitcoin Armory Wallet to get their site.
If you don’t want that much memory used or don’t want to wait for your wallet to sync, you can find good wallets that do not make you sync the complete history of bitcocin:

Multibit

A lightweight wallet that syncs quickly. This is very 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 using a passcode.
Seek out Bitcoin Electum Wallet to get their site.
After you get the wallet set up, take a few minutes clicking around. What to look for:

o There will be a full page that shows you just how many bitcoins are in your wallet. Take into account that bitcoins can be broken up into smaller pieces, so you may see a decimal with plenty of zeros after it. (Interesting note, 0.00000001 is one Satoshi, named after the pseudonymous creator of bitcoin).

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