First steps to take with bitcoin

[markmnc1]

Hi all, Im new here.  I found out about bitcoin a year or so ago and recently have been bored (as well as frustrated looking for a better job) and started really looking into bitcoin.  Im sure this has been posted 1,000 times at least but could you all explain to me the first few steps and choices for bitcoin?

The first step, from what I understand, is getting an address.  Is that correct?  How would I go about getting one and whats some choices out there?  Also, is the next step getting a wallet?  What are some choices of those as well?  Side question too-is an account an address or a wallet? 

Thanks for the help.

Mark

[Light]

To get an address either find a client and use that (they will generate a private key and corresponding address) or use software like vanitygen (more complicated for new users). A wallet is simply 'list' of private keys nothing more. If you want to look into a Bitcoin client that doesn't need you to download the whole client I would suggest Electrum.

Here would be a good place to start - https://www.weusecoins.com/en/getting-started

If you need any more help feel free to ask here.

[Wusolini]

Hi all, Im new here.  I found out about bitcoin a year or so ago and recently have been bored (as well as frustrated looking for a better job) and started really looking into bitcoin.  Im sure this has been posted 1,000 times at least but could you all explain to me the first few steps and choices for bitcoin?

The first step, from what I understand, is getting an address.  Is that correct?  How would I go about getting one and whats some choices out there?  Also, is the next step getting a wallet?  What are some choices of those as well?  Side question too-is an account an address or a wallet?  

Thanks for the help.

Mark

Hi

To be precise, you need a wallet with an address.
A wallet is set of addresses.
It's recommended to generate new address for each transaction so in few months can have hundreds of them).


so wallet is the very start.

I can advise you to try multibit, because its simple and fast(no blockchain download), or some online wallet, like coinbase blockchain etc.  otherwise you'll be waiting two days to dl blockchain and wallet became active.
If time is no matter , check Armory, I like the design or just oficial client bitcoin-qt.

 - always encrypt your wallet
 - don't worry about wallet choice, you most wallets supports export import
 

[mrhelpful]

Just know the difference between what type of wallet it would be.

A perfect example are wallet address such as localbitcoins.com or other exchange sites, do not leave a big balance on there.

There are times when you hear most exchanges go in the dark, and it isnt just Mt.Gox which most know.

Its for any new exchanges that pop up and the existing ones are already there.

For newbie starting out, after checking the link provided to you https://www.weusecoins.com/en/getting-started.

You also need to be wary of backing up a balance and other basics that most people fail to mention.

Such as knowing what a wallet.dat file is and what to do with it. But before anything, just check out the ones mentioned like blockchain.info or bitcoin qt, etc.

(desktop wallets, online wallets, exchange wallets)

[Chemistry1988]

Hi all, Im new here.  I found out about bitcoin a year or so ago and recently have been bored (as well as frustrated looking for a better job) and started really looking into bitcoin.  Im sure this has been posted 1,000 times at least but could you all explain to me the first few steps and choices for bitcoin?

The first step, from what I understand, is getting an address.  Is that correct?  How would I go about getting one and whats some choices out there?  Also, is the next step getting a wallet?  What are some choices of those as well?  Side question too-is an account an address or a wallet? 

Thanks for the help.

Mark

First, you need to pick a wallet.
Some have more features (eg. Armory), some are easier to use (eg. Electrum), some are more safe (eg. paper wallet).
You need to understand how to protect your wallet then (eg. use strong passwords, enable 2FA for web wallets, make backups).

[RodeoX]

I suggest reading first. The most important reading you can do is the work of Satoshi. See the link in my signature below? That is the white paper and the subject of all you see here. Read it for yourself.

Some other things you might want to consider:

Don't try buying with PayPal or buy below market price. If it seems to good to be true... You know.
Don't make or ask for loans.
Don't get sidetracked by alt-coins or shares, securities, or any kind of schemes. Normally these turn out to be scams or very ill-conceived ideas.
Don't ever trade on "news". Many FUD and pump/dump operations are about getting you to panic buy or sell. Do your own homework and trust no one but yourself. 

Some of the things above can be legit, but until you thoroughly understand the protocol you are on thin ice doing any of them. Just get an account at an exchange in your country, fund it with a USPS money order, buy your coins and immediately transfer them to private keys under your exclusive control. Until that is done you really don't have bitcoins. Lastly, back up your wallet.dat file and put it somewhere safe. Loose your wallet and your coins are hopelessly lost.