[I posted this as a reply in another thread but received no answers so I thought I might post it as a standalone thread instead.]: **I'd apologize for seeming simple-minded, but hey! This board IS for noobQ's **
\\I am a super-newbie too and have been scanning the forums to make sense of how this all works.
After checking with many suggested sites & resources I think I understand this but please, correct me if I'm wrong:
So. I went to
http://bitcoin.org/ and dwnld'd the BTC app. Now I install that to have my "wallet" wherein will reside my BTC currency.
{I should use TrueCrypt or somesuch to secure said wallet and make back-ups to a flash drive}
Do install TrueCrypt to my flashdrive or to my laptop (or both?) ... and ... do this before I install the BTC app?
Next: I setup an account with Mt.Gox that will allow me to buy BCT, but first I need to fund with say, USD and to be expedient, I can use
https://www.bitinstant.com/home to take cash to my local bank and have it sent to my Mt.Gox account. Thereafter, I buy BTC at Mt.Gox which will send them to my "address" on the "wallet", right?
(Of course, I can wire-transfer straight to my Mt.Gox and/or eventually explore the options available at
http://bitcoin-otc.com/ and
https://www.bitcoinary.com , but since I'm new and without experience, feedback, and history, I'm unlikely to get any sellers until I have a few transactions under my belt.
{I am however, more than willing to buy with my secured, business PayPal acct, but PayPal is decidedly not the choice among sellers, I see}.
So and again, now that I (will) have BTC in my "wallet" I can send the "address info" in an encrypted buy message to any willing seller for goods or services on say, a Tor marketplace?
Is that about right?
Any suggestions or corrections?
Many thanks in advance.
PS. I'd like some clarification of the Mt.Gox exchange too: Can it be used without a "personal wallet"/BTC client to make payments directly from my account to sellers?