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Author Topic: BITCOIN - Beginner's guide - START HERE  (Read 86 times)
Hellas Fos
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March 13, 2018, 06:49:45 PM
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What is Bitcoin?


Bitcoin is a worldwide payment system. It is a decentralized digital currency, with a peer-to-peer network. Transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a "blockchain".


Why use Bitcoin?


Bitcoin is a faster and cheaper way to transfer money across borders, between users or for simply buying goods/services from a number of retailers and merchants that accept the cryptocurrency as a form of payment.


What wallet should I  choose?


There is a wide variety of wallets to choose from. With an emphasis on the security, here is the list:

 No. 1: Paper wallet. (WalletGenerator, BitcoinPaperWallet)

 No. 2: Hardware wallets.  (Ledger, Trezor,  KeepKey, Case)

 No. 3: Bitcoin Core wallet.
          ( https://bitcoin.org/en/wallets/desktop/windows/bitcoincore/ )

 No. 4: -Software wallet.  (Electrum, Jaxx, Copay)
           -Mobile wallet (Abra, Airbitz, ArcBit, Bither, Bread)

 No. 5: Online wallet.  (Blockchain.info)

 No. 6: Online exchange. (Coinbase, etc)



Where can I buy or sell Bitcoin?


You need to open an account in an exchange. Most exchanges accept payment via bank transfer, credit card, and some accept SEPA and  Paypal.
Coinbase, Bitstamp ,Poloniex, Bitfinex, BitPanda are reputable and high-volume exchanges to name a few.
You can also register on platforms such as LocalBitcoins, Bittylicious, BitBargain and BitQuick in order to buy or sell Bitcoins.
Regulations such as know-your-client (KYC) and anti-money-laundering (AML) require verification for account setup that usually include a proof of address and photo ID.


Would be interesting how other people judge the quality of my posts/threads.
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traysikad
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March 15, 2018, 01:42:11 AM
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im looking for this when i get started. thanks!  Smiley
motoprose
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March 15, 2018, 01:46:33 AM
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There are also several documentaries you can queue up from youtube that you can watch to get the feel how bitcoin's ecosystem works.
One that comes to mind is called Bitcoin: the end of money as we know it and banking on bitcoin.
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April 17, 2018, 05:55:12 PM
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very interesting. thanks
karl.laue
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June 18, 2018, 09:31:05 AM
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I'm using ai prediction of cryptics, it's really newbie friendly, check this out;)
rosapaul
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June 18, 2018, 10:27:19 AM
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Thank you for providing the beginner's guide! Just joined in and got some clue how to start over Smiley
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June 18, 2018, 10:35:17 AM
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There's so much beginners guide to bitcoin on the internet so I don't know how making another one that's miniature in comparison is really necessary. If you want to earn merit, make something actually new and helpful. C+ for effort I guess?

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