Bitcoin newbie here.. Need help

[ikevinc]

So I finally decided to start entering into the world of bitcoins... Can someone help me... Don't fully understand it. So I buy bitcoins... at somewhere like bitstamp or mtgox... then where do the bitcoins go? I downloaded the bitcoin client from bitcoin.org. Do i have to withdraw bc from sites like mtgox into my wallet? Whats the cheapest place to buy BC with USD ( preferably paypal or CC )

[fonzo]

Basically owning is the ability to transfer value from an address.  So if you buy some coin at mtgox, you can the transfer out to a blockchain.info wallet, or local client or whatever.  Moving bitcoin funds around is easy, usually free and quick.

You'll have trouble buying with paypal/credit card as they're reversible and bitcoin aren't.

[cyberthane]

So I finally decided to start entering into the world of bitcoins... Can someone help me... Don't fully understand it. So I buy bitcoins... at somewhere like bitstamp or mtgox... then where do the bitcoins go? I downloaded the bitcoin client from bitcoin.org. Do i have to withdraw bc from sites like mtgox into my wallet? Whats the cheapest place to buy BC with USD ( preferably paypal or CC )

You spend BTC like you would spend a dollar. Find a place that accepts bitcoins, and then spend them. Use your wallet to transfer payments.

[marcus905]

https://en.bitcoin.it/wiki/Getting_started

Read it, then come back if you have any questions.