Bitcoin Forum
December 17, 2017, 03:02:32 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Trying to understand  (Read 517 times)
RodeoGoat
Newbie
*
Offline Offline

Activity: 6


View Profile
March 02, 2014, 11:39:59 PM
 #1

Information overload! Anyways, so instead of waiting ages for faucets to get me part of something... anything even to transfer out, I decided to go ahead and buy part of a BTC from Coinbase. So here is where I get confused. To get altcoins do I need to buy them with the part of a bitcoin and then trade and then have the alt coins transferred back to BTC before I can put them in my wallet? I've searched around the forum but still confused. Can a wallet hold anything but BTC? I know there is a ton more learning going on, but it just seems like a hassle to change the BTC in and out to trade and make money as a total noob.

my brain hurts.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513522952
Hero Member
*
Offline Offline

Posts: 1513522952

View Profile Personal Message (Offline)

Ignore
1513522952
Reply with quote  #2

1513522952
Report to moderator
SlidingHorn
Full Member
***
Offline Offline

Activity: 196

★Bitvest.io★ Play Plinko or Invest!


View Profile
March 03, 2014, 12:55:40 AM
 #2

To get altcoins do I need to buy them with the part of a bitcoin

No you do not.  You can actually mine them yourself using your CPU or GPU, depending on the coin.  If you don't want to mine, then yes, you'll have to purchase the altcoins on an exchange.

Can a wallet hold anything but BTC?

Each altcoin has its own wallet.  You can download them in their respective announcement threads.

Hope this helps! Wink

RodeoGoat
Newbie
*
Offline Offline

Activity: 6


View Profile
March 03, 2014, 12:58:08 AM
 #3

Awesome thanks for the help!
cp1
Hero Member
*****
Offline Offline

Activity: 616


Stop using branwallets


View Profile
March 03, 2014, 04:58:35 AM
 #4

You can purchase them with BTC on exchanges.  Each altcoin will have its own wallet client.  Some of them have trojans.

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
pkmoney
Member
**
Offline Offline

Activity: 80

Mining is FUN!


View Profile
March 03, 2014, 07:56:48 AM
 #5

Yes please make sure to virus scan everything.

Let's color the MOON: YLUUqMddCPGyi1dKM7k2tW48wnbmQfYxgy

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!