Using a Bitcoin wallet, no matter the type is extremely easy. When you first create or launch the wallet, you’re prompted to create a passcode or PIN, which you then enter for all subsequent usage. It goes without saying that you need to choose a strong password (long, complex, and difficult to guess) and then […]
You need a place to store the Bitcoins you own. This is typically accomplished via the use of something called a Bitcoin wallet. What a Bitcoin Wallet Does Now, before we get any further, remember that Bitcoins are the virtual currency, so there’s nothing physical to store. In fact, you don’t even store the Bitcoins themselves; […]
Most Bitcoin exchanges operate in a similar fashion. If you want to trade in Bitcoin, then, it’s a matter of choosing which exchange fits you best. When you’re comparing two or more Bitcoin exchanges, here are some questions to ask: What currencies does the exchange handle? If you live in the U.S., you want to be […]
Given the many ways in which different groups of people use Bitcoin, we now come to the central question: Should you be using Bitcoin? And, if so, how and why? Let’s take a look at how you personally think about a few different things and use your answers to determine your suitability to the world of Bitcoin. […]
Remember, Bitcoins exist only as records of transactions; there are no physical or digital Bitcoins that you can view or count. This means that you can end up with many different transactions tied to a specific Bitcoin address. It’s not uncommon, then, for your Bitcoin wallet to contain multiple addresses, each of which represents one […]