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What is Bitcoin?

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Your First Steps into the Bitcoin Economy: A Comprehensive Guide to Getting Started with Bitcoin Cash

So, you've heard the buzz about Bitcoin, and maybe you're particularly interested in Bitcoin Cash (BCH). It's not as complicated as it might seem to jump in and start participating in this exciting digital economy. The very first, and arguably most crucial, step is to download a wallet. Think of a wallet as your digital bank account, but for cryptocurrencies. It's where you'll securely store your Bitcoin Cash, and it's your gateway to sending and receiving funds.

Getting started with Bitcoin Cash is genuinely super easy, and downloading a wallet is the foundational piece of that process. Most wallets are designed with user-friendliness in mind, and they are typically free to download. They come equipped with a few key features that are essential for any cryptocurrency user. These include the ability to send and receive funds, store your funds securely, and perform transaction lookups to track your activity. Beyond these core functions, many wallets offer additional features like price tracking, news updates, and even integration with decentralized applications (dApps).

Let's dive deeper into what makes a wallet so important and the essential features you should look for.

Understanding Your Bitcoin Cash Wallet

A Bitcoin Cash wallet doesn't actually "hold" your BCH in the way a physical wallet holds cash. Instead, it manages your private keys and public keys.

*   Public Key: This is like your bank account number. You can share it with anyone who wants to send you Bitcoin Cash. It's derived from your private key but doesn't reveal it.
*   Private Key: This is your secret password. It's what gives you ownership and control over your Bitcoin Cash. You must keep your private key absolutely secret and never share it with anyone. If you lose your private key, you lose access to your funds.

Your wallet software uses these keys to interact with the Bitcoin Cash blockchain, allowing you to authorize transactions and view your balance.

Essential Features of a Good Bitcoin Cash Wallet

When choosing a wallet, consider these vital features:

*   Security: This is paramount. Look for wallets that offer strong encryption, multi-factor authentication (MFA), and secure backup options (like a recovery phrase or seed phrase).
*   Ease of Use: Especially for beginners, an intuitive interface is crucial. You want to be able to navigate the app and perform transactions without confusion.
*   Sending and Receiving: The core functionality. You should be able to easily generate a public address to receive funds and input recipient addresses and amounts to send.
*   Secure Storage: Your funds need to be protected from unauthorized access. Wallets achieve this through various encryption methods.
*   Transaction Lookups: This feature allows you to view the history of your transactions, including the date, amount, sender/receiver addresses, and confirmation status on the blockchain. This is invaluable for record-keeping and troubleshooting.
*   Backup and Recovery: A robust backup mechanism is essential. Most wallets will provide you with a unique recovery phrase (usually 12 or 24 words) that can be used to restore your wallet and funds if you lose your device or forget your password. Write this phrase down and store it in a safe, offline location.
*   Support for Multiple Cryptocurrencies (Optional but beneficial): Some wallets support both Bitcoin Cash (BCH) and Bitcoin Core (BTC), allowing you to manage both from a single interface. This can be very convenient if you plan to explore both.

Featured Wallets for Your Bitcoin Cash Journey

To help you get started, here are a couple of highly recommended wallets that cater to different user needs.

1. The Bitcoin.com Wallet: Your All-in-One Solution

The Bitcoin.com Wallet is an excellent choice for both beginners and experienced users seeking a simple yet secure way to manage their digital assets. It's renowned for its user-friendly interface and robust security features.

*   Key Features:
    *   Dual Currency Support: A significant advantage of the Bitcoin.com Wallet is its support for both Bitcoin Cash (BCH) and Bitcoin Core (BTC). This allows you to seamlessly switch between the two different currencies within the same app, making it incredibly convenient if you're interested in exploring both major Bitcoin forks. You can easily see your balances for each and choose which one to send or receive.
    *   Intuitive Interface: The design is clean and straightforward, making it easy for newcomers to understand and use. Sending and receiving transactions are typically a few taps away.
    *   Robust Security: The wallet employs strong encryption and provides options for secure backups, including the essential recovery phrase.
    *   Built-in Features: Beyond basic wallet functions, it often includes features like a decentralized exchange (DEX) integration, access to dApps, and market price tracking.
    *   Transaction History: You can easily view all your past transactions, providing transparency and control over your finances.

*   Practical Example: Sending Bitcoin Cash with Bitcoin.com Wallet
    1.  Open the Bitcoin.com Wallet app.
    2.  Tap on the "Send" button.
    3.  Select "Bitcoin Cash (BCH)" as the currency you wish to send.
    4.  You'll have two options to input the recipient's address:
        *   Scan QR Code: If the recipient has their wallet's QR code displayed, you can simply point your phone's camera at it. This is the easiest and most error-proof method.
        *   Paste Address: You can manually paste the recipient's Bitcoin Cash address into the designated field. Double-check this address carefully before confirming!
    5.  Enter the amount of Bitcoin Cash you want to send. You can usually toggle between BCH and your local fiat currency (e.g., USD, EUR) for easier input.
    6.  Review the transaction details, including the recipient address, amount, and estimated network fee.
    7.  Confirm the transaction. You might be prompted for your PIN or biometric authentication.
    8.  Once confirmed, the transaction will be broadcast to the Bitcoin Cash network. You can track its confirmation status within the wallet's transaction history.

2. Yenom: The Simplest Way to Start with Bitcoin Cash

For those who are brand new to cryptocurrencies and want the absolute simplest experience, Yenom is a fantastic option. It focuses solely on Bitcoin Cash, stripping away any complexity and offering a streamlined, beginner-friendly interface.

*   Key Features:
    *   Bitcoin Cash Only: Yenom is exclusively designed for Bitcoin Cash (BCH). This focus means there are no confusing options for other cryptocurrencies, making it incredibly straightforward for someone just starting out.
    *   Beginner Friendly: The interface is minimalist and intuitive. Sending and receiving are designed to be as simple as possible, making it ideal for introducing family or friends to Bitcoin Cash.
    *   Easy to Use: The core functionality is front and center. You won't get lost in advanced settings.
    *   Secure Storage: Despite its simplicity, Yenom prioritizes the security of your funds, employing standard security practices for cryptocurrency wallets.
    *   QR Code Functionality: Like most wallets, it makes extensive use of QR codes for easy address sharing and payment initiation.

*   Practical Example: Receiving Bitcoin Cash with Yenom
    1.  Open the Yenom wallet app on your smartphone.
    2.  Tap on the "Receive" button.
    3.  Your unique Bitcoin Cash address will be displayed.
    4.  You will also see a QR code representing your address.
    5.  To receive funds, you can either:
        *   Share your Address: Copy the alphanumeric address and send it to the person who will be sending you Bitcoin Cash.
        *   Share the QR Code: Ask the sender to scan the QR code displayed on your screen with their wallet's camera. This is the fastest and most accurate way for them to get your address.
    6.  Once the sender initiates the transaction, you will see the incoming funds reflected in your Yenom wallet balance once it receives enough confirmations on the Bitcoin Cash blockchain.

Choosing the Right Wallet for You

The "best" wallet is subjective and depends on your individual needs and technical comfort level.

*   For Beginners who want to explore both BTC and BCH: The Bitcoin.com Wallet is a strong contender due to its dual currency support and user-friendly design.
*   For absolute beginners who ONLY want to use Bitcoin Cash: Yenom offers the simplest possible entry point.
*   For advanced users or those seeking more control: There are other types of wallets like hardware wallets (e.g., Ledger, Trezor) which offer the highest level of security for storing large amounts of cryptocurrency offline, or desktop wallets. However, for getting started, the mobile wallets mentioned above are excellent.

The Process of Downloading and Setting Up Your Wallet (General Steps)

While the exact steps may vary slightly between wallets, the general process is as follows:

1.  Choose Your Wallet: Based on the information above, select the wallet that best suits your needs.
2.  Download the App: Go to your device's official app store (Apple App Store for iOS, Google Play Store for Android) and search for your chosen wallet. Be sure to download the legitimate app from the official developer. Look for high download numbers and positive reviews.
3.  Install the App: Follow the on-screen instructions to install the wallet on your smartphone or tablet.
4.  Create a New Wallet: When you open the app for the first time, you'll typically be given the option to create a new wallet or restore an existing one. Choose "Create a New Wallet."
5.  Back Up Your Recovery Phrase: This is the most critical step for security. The wallet will generate a unique recovery phrase (usually 12 or 24 words).
    *   Write down each word in the correct order.
    *   Do NOT store it digitally (e.g., in photos, emails, cloud storage).
    *   Store it securely offline (e.g., on paper in a safe, or etched onto metal).
    *   Verify your phrase: The wallet will likely ask you to re-enter the words to confirm you've recorded them correctly.
6.  Set a PIN or Password: Create a strong PIN or password that you will use to unlock your wallet and authorize transactions. This is separate from your recovery phrase.
7.  Explore Your Wallet: Once set up, take some time to familiarize yourself with the interface. Locate the "Receive" and "Send" buttons, check your transaction history, and understand how to view your balance.

What Happens After You Download Your Wallet?

Once your wallet is set up, you're ready to start participating in the Bitcoin Cash economy!

*   Receiving Bitcoin Cash: Share your public address or QR code with someone who wants to send you BCH.
*   Sending Bitcoin Cash: Obtain the recipient's Bitcoin Cash address and the amount they wish to receive. Input these details into your wallet and confirm the transaction.
*   Checking Your Balance: Your wallet will display your current BCH balance.
*   Viewing Transaction History: You can review all your past incoming and outgoing transactions.

A Quick Comparison: Bitcoin Cash (BCH) vs. Bitcoin Core (BTC)

It's worth noting the distinction between Bitcoin Cash (BCH) and Bitcoin Core (BTC), as many wallets, like the Bitcoin.com Wallet, support both.

| Feature             | Bitcoin Cash (BCH)                                | Bitcoin Core (BTC)                                 |
| :------------------ | :------------------------------------------------ | :------------------------------------------------- |
| Primary Goal  | Faster, cheaper transactions for everyday use.    | Store of value, digital gold.                      |
| Block Size    | Larger block size (initially 32MB, can go higher


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Demystifying Bitcoin: Your Comprehensive Guide to the Bitcoin.com Wallet

Hey everyone,

I saw a few questions popping up about "What is Bitcoin?" and wanted to dive a bit deeper, especially focusing on a fantastic tool that can help you get started and manage your digital assets: the official wallet app by Bitcoin.com. This isn't just about Bitcoin; it's about understanding the power and flexibility of digital currencies, and how a good wallet makes it accessible for everyone.

Let's break down what makes this wallet so special and why it's a great entry point into the world of Bitcoin Cash (BCH) and Bitcoin Core (BTC).

What is the Bitcoin.com Wallet? A Secure Hub for Your Digital Assets

At its core, the Bitcoin.com wallet is your personal digital vault for cryptocurrencies. It's designed to be incredibly user-friendly, even for those completely new to the space, while offering robust security and control. Think of it as your bank account, but for digital money, and with you in complete control.

  • Manage Bitcoin Cash (BCH) and Bitcoin Core (BTC) in One Secure App: This is a huge advantage. Instead of juggling multiple apps for different cryptocurrencies, the Bitcoin.com wallet allows you to hold and manage both of the most prominent Bitcoin-related currencies. This simplifies your digital asset management significantly. You can see your BCH and BTC balances side-by-side, making it easy to track your overall portfolio.

  • Total Coin Control: This is arguably the most crucial aspect of a non-custodial wallet. What does "non-custodial" mean? It means you hold the private keys to your funds. The wallet provider (Bitcoin.com in this case) does not have access to your private keys. This is fundamentally different from a traditional bank where the bank holds your money and controls access. With a non-custodial wallet, you are your own bank. This gives you ultimate freedom and security, but also means you are responsible for safeguarding your private keys (usually through a seed phrase).

  • Digital Currencies Simplified: The developers have clearly put a lot of effort into making the experience as intuitive as possible. Sending, receiving, and storing BCH and BTC is streamlined. No complex jargon, just clear actions and easy-to-understand interfaces.

  • One App, Multiple Wallets: This feature allows for even greater organization. You can create separate wallets for BCH and BTC, or even multiple wallets for the same currency if you want to segregate funds for different purposes (e.g., a savings wallet and a spending wallet). This is like having multiple bank accounts within one app, allowing you to manage your finances more effectively.

  • Make Instant Global Payments: This is where the magic of blockchain technology shines. Transactions on networks like Bitcoin Cash are designed to be fast and borderless. Unlike traditional bank transfers that can take days and incur hefty fees, especially for international payments, sending BCH or BTC can happen in minutes, 24/7, without intermediaries. Imagine sending money to a friend on the other side of the world as easily as sending a text message.

  • Buy Bitcoin with Ease: For many, the biggest hurdle to getting started is acquiring cryptocurrency. The Bitcoin.com wallet removes this barrier by allowing you to purchase BCH and BTC directly within the app using a credit or debit card. This is a game-changer for accessibility, making it as simple as making any other online purchase.
Understanding Bitcoin Cash (BCH) and Bitcoin Core (BTC)

It's important to briefly touch on the distinction between BCH and BTC, as the wallet supports both.

*   Bitcoin Core (BTC): This is the original Bitcoin, launched in 2009. It's the most well-known and has the largest market capitalization. However, its block size limit can sometimes lead to slower transaction times and higher fees during periods of high network congestion.

*   Bitcoin Cash (BCH): This cryptocurrency emerged from a "hard fork" of Bitcoin in 2017. The primary motivation for this fork was to increase the block size limit, which proponents argued would allow for faster and cheaper transactions, making it more suitable for everyday payments.

The Bitcoin.com wallet's ability to manage both means you can explore the benefits of each and decide which best suits your needs, or simply hold both for diversification.

The Power of Non-Custodial: You Are in Control

Let's reiterate the importance of "non-custodial." This is the cornerstone of true digital asset ownership.

What happens when you use a custodial service (like many exchanges)?
When you keep your crypto on an exchange, you're essentially trusting that exchange to hold your funds. You don't directly control the private keys. This means if the exchange is hacked, goes bankrupt, or freezes your account, you could lose your assets.

What happens when you use a non-custodial wallet like Bitcoin.com?
You are given a unique seed phrase (typically 12 or 24 words) when you set up your wallet. This seed phrase is the master key to all your private keys. If you lose your phone or uninstall the app, you can simply reinstall the wallet and use your seed phrase to restore access to all your funds.

Crucial Security Tip:
Write down your seed phrase on paper and store it in multiple secure, offline locations. Never store it digitally on your phone, computer, or in cloud storage. Treat it like the most valuable password you'll ever have. If you lose your seed phrase and your device, your funds are gone forever.

Practical Steps: Getting Started with Your Bitcoin.com Wallet

Let's walk through a simplified process of how you might use the wallet.

Step 1: Download and Install
*   Search for "Bitcoin.com Wallet" on your device's app store (Apple App Store or Google Play Store).
*   Download and install the official app.

Step 2: Create Your Wallet
*   Open the app. You'll likely be greeted with an option to "Create a New Wallet" or "Import Existing Wallet."
*   Select "Create a New Wallet."
*   The app will prompt you to back up your wallet. This is where you'll be shown your 12-word seed phrase.
*   WRITE IT DOWN CAREFULLY. Double-check each word.
*   The app will then ask you to confirm your seed phrase by re-entering the words in the correct order. This ensures you've backed it up properly.
*   You'll then be asked to set a strong passcode or enable biometric authentication (fingerprint, face ID) for quick access to the app.

Step 3: Receiving Bitcoin (BCH or BTC)
*   Once your wallet is set up, you'll see your dashboard.
*   Tap on "Receive."
*   You'll see options to select BCH or BTC. Choose the currency you want to receive.
*   Your wallet will display a unique receiving address (a long string of letters and numbers) and a QR code.
*   To receive funds, you simply provide this address or QR code to the person sending you the cryptocurrency. For example, if a friend is sending you $50 worth of BCH, you'd give them your BCH receiving address.

Step 4: Sending Bitcoin (BCH or BTC)
*   Tap on "Send."
*   Select the currency you want to send (BCH or BTC).
*   Enter the recipient's receiving address. You can also scan their QR code.
*   Enter the amount you wish to send. You can usually input this in your local fiat currency (e.g., USD, EUR) and the app will convert it to the crypto amount, or you can enter the crypto amount directly.
*   You'll also see a transaction fee displayed. This fee goes to the network miners/validators who process your transaction. The Bitcoin.com wallet often gives you options for fee levels (e.g., faster, cheaper).
*   Review the transaction details and confirm.

Step 5: Buying Bitcoin (BCH or BTC) Directly
*   Look for a "Buy" or "Get Bitcoin" option within the app.
*   Select the currency you want to buy (BCH or BTC).
*   Enter the amount you wish to purchase.
*   You'll be prompted to enter your credit or debit card details.
*   Follow the on-screen instructions for verification.
*   Once the purchase is confirmed, the cryptocurrency will be sent directly to your wallet.

Global Payments: Faster, Cheaper, and Borderless

Let's imagine a scenario. You need to send $100 to a family member in another country.

Traditional Method:
You go to your bank, fill out forms, pay a wire transfer fee (e.g., $25-$50), and it might take 3-5 business days for the money to arrive. Your family member might also incur fees on their end.

Using Bitcoin Cash (BCH) with the Bitcoin.com Wallet:
1.  You open your Bitcoin.com wallet.
2.  Tap "Send."
3.  Select BCH.
4.  Enter your family member's BCH address.
5.  Enter the amount (e.g., $100 worth of BCH).
6.  You'll see a transaction fee, which for BCH is typically very low (often less than a cent, or a few cents, especially for smaller amounts).
7.  Confirm the transaction.

Within minutes, your family member can see the transaction confirmed on the blockchain and accessible in their own Bitcoin.com wallet (or any other BCH-compatible wallet). This is the power of decentralized, peer-to-peer payments.

Comparison: Bitcoin.com Wallet vs. Centralized Exchanges

Here's a quick look at why a non-custodial wallet like Bitcoin.com's is often preferred for long-term holding and everyday use, compared to keeping funds on a centralized exchange.

| Feature             | Bitcoin.com Wallet (Non-Custodial)                                     | Centralized Exchange (e.g., Binance, Coinbase)                                              |
| :------------------ | :--------------------------------------------------------------------- | :------------------------------------------------------------------------------------------ |
| Control of Keys | You hold your private keys. Complete control.                   | The exchange holds your private keys. You do not have direct control.                       |
| Security      | Security relies on your ability to protect your seed phrase.           | Security relies on the exchange's security measures. Risk of exchange hacks or insolvency. |
| Access        | Always accessible as long as you have your seed phrase.                | Access can be restricted by the exchange (e.g., maintenance, account issues, regulatory bans). |
| Fees          | Network transaction fees (usually low for BCH, variable for BTC).      | Trading fees, withdrawal fees, deposit fees. Can be complex.                                |
| Ease of Use   | Designed for simplicity, especially for sending/receiving/buying.      | Can be complex for beginners, with many trading features.                                   |
| Regulation    | Less subject to direct exchange-level regulation.                      | Subject to various financial regulations, which can change rapidly.                         |
| Primary Use   | Storing, sending, receiving, and everyday spending of crypto.          | Trading, investing, and sometimes holding small amounts of crypto.                          |

Beyond the Basics: Advanced Features and Considerations

While the Bitcoin.com wallet excels at simplicity, it also supports features that cater to more experienced users:

*   Multiple Wallets: As mentioned, you can create distinct BCH and BTC wallets. This is great for separating funds for different purposes, like a long-term investment wallet and a spending wallet.
*   Custom Transaction Fees: For Bitcoin Core (BTC), you can often choose different fee levels to influence transaction speed. While BCH aims for low fees, understanding transaction fees is crucial for managing costs on both networks.
*   Backup and Recovery: The wallet strongly emphasizes the importance of backing up your seed phrase. This is the single most critical step for ensuring you never lose access to your funds.
*   Privacy: While transactions on the blockchain are pseudonymous, they are publicly visible. Using a non-custodial wallet means you are not tying your identity directly to your wallet addresses in the same way a custodial service might.

The Future is Digital, and the Bitcoin.com Wallet is Your Gateway

The world of digital currencies is rapidly evolving, and tools like the Bitcoin.com wallet are instrumental in making this technology accessible to everyone. Whether you're


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Bitcoin Wallet.
A Bitcoin wallet is a software program where Bitcoins are stored. To be technically accurate, Bitcoins are not stored anywhere; there is a private key (secret number) for every Bitcoin address that is saved in the Bitcoin wallet of the person who owns the balance. Bitcoin wallets facilitate sending and receiving Bitcoins and gives ownership of the Bitcoin balance to the user. The Bitcoin wallet comes in many forms; desktop, mobile, web, and hardware are the four main types of wallets.
Breaking Down Bitcoin Wallet.
A Bitcoin wallet is also referred to as a digital Wallet. Establishing such a wallet is an important step in the process of obtaining Bitcoins. Just as Bitcoins are the digital equivalent of cash, a Bitcoin wallet is analogous to a physical wallet. But instead of storing Bitcoins literally, what is stored is a lot of relevant information like the secure private key used to access Bitcoin addresses and carry out transactions. The four main types of wallet are desktop, mobile, web, and hardware.
Desktop wallets are installed on a desktop computer and provide the user with complete control over the wallet. Desktop wallets enable the user to create a Bitcoin address for sending and receiving the Bitcoins. They also allow the user to store a private key. A few known desktop wallets are Bitcoin Core, MultiBit, Armory, Hive OS X, Electrum, etc.
Mobile wallets overcome the handicap of desktop wallets, as the latter are fixed in one place. These take the form of paid apps on youOnce you run the app on your smartphone, the wallet can carry out the same functions as a desktop wallet, and help you pay directly from your mobile from anywhere. Thus a mobile wallet facilitates in making payments in physical stores by using "touch-to-pay" via NFC scanning a QR code. Bitcoin Wallet, Hive Android, and Mycelium Bitcoin Wallet are few of the mobile wallets. Bitcoin wallets do not generally work on both iOS and Android systems. It's advisable to research your preferred mobile Bitcoin wallet as several malware softwares posing as Bitcoin wallets are an issue.
As for web wallets, they allow you to use Bitcoins from anywhere, on any browser or mobile. The selection of your web wallet must be done carefully since it stores your private keys online. Coinbase and Blockchain are popular web wallet providers.
Hardware wallets are by far the most secure kind of Bitcoin wallet, as they store Bitcoins on a physical piece of equipment, generally plugged into a computer via a USB port. They are all but immune to virus attacks, and very few instances of Bitcoin theft have been reported. These devices are the only Bitcoin wallets which aren't free, and they often cost $100 to $200.


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The 7 Best Bitcoin Wallets of 2019.
Protect your investments.
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We are committed to researching, testing, and recommending the best products. We may receive commissions from purchases made after visiting links within our content . Learn more about our review process .
Bitcoin has taken the world by storm, offering a currency alternative to the government-backed currencies we all know from daily use. Proponents argue that the digital currencies are easier, safer, and offer better privacy than traditional currencies. Because the value of a Bitcoin compared to the U.S. dollar and other currencies has skyrocketed over the years, it has shown up on some people's radar as an investment opportunity as well.
Before you put a dollar into Bitcoin or any other cryptocurrency, it is important to understand the risks. Bitcoin could easily double in value over the next few years, but it could just as easily drop to near zero in value. Only put in what you can afford to lose because there is a chance you won't get it back. If you understand the risks and you're ready to move forward, any of these best Bitcoin wallets should have you covered.
Coinbase is one of the easiest ways to buy, sell, and hold cryptocurrencies, which earns it the first spot on this list. With Coinbase, you can connect to a U.S. bank account and easily transfer dollars in or out of your wallet. You can use those dollars, or transfer in new ones, to buy and sell. In addition to Bitcoin, Coinbase currently supports Bitcoin Cash, Ethereum, and Litecoin. There are constant rumors of additional currencies like Ripple getting support from Coinbase as well.
While the big upside of Coinbase is ease of use, that is offset with some worries about security. Mt. Gox was at one point the dominant platform for Bitcoin and other currencies. That is until it was hacked and lost nearly half a billion dollars in user currency. But Coinbase did learn from Mt. Gox's loss, and has very firm security in place, and regularly updates and improves the entire user experience.



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Understanding Bitcoin and Getting Started with Coinbase: Your Gateway to Digital Assets

Hey everyone,

I saw a few questions popping up about "What is Bitcoin?" and wanted to expand on that a bit, especially for those new to the exciting world of cryptocurrency. It's a topic that can seem a little intimidating at first, but with a good understanding and the right tools, it's more accessible than you might think. Today, I want to walk you through what Bitcoin is, and more importantly, how you can start exploring it with a platform like Coinbase, which offers some fantastic features for beginners.

What Exactly is Bitcoin?

At its core, Bitcoin is a decentralized digital currency. This means it's not controlled by any single entity, like a central bank or government. Instead, it operates on a technology called blockchain. Think of the blockchain as a public, distributed ledger that records every Bitcoin transaction. This ledger is shared across thousands of computers worldwide, making it incredibly secure and transparent.

Here's a breakdown of key Bitcoin concepts:

*   Decentralization: No single point of control. This is a fundamental difference from traditional currencies. If a central bank decides to print more money, it can affect inflation. With Bitcoin, the supply is predetermined and limited.
*   Blockchain: A chain of blocks, where each block contains a list of transactions. Once a block is added to the chain, it's very difficult to alter or remove, ensuring the integrity of the transaction history.
*   Mining: This is how new Bitcoins are created and transactions are verified. "Miners" use powerful computers to solve complex mathematical problems. When they solve a problem, they get rewarded with new Bitcoins and transaction fees.
*   Limited Supply: There will only ever be 21 million Bitcoins. This scarcity is a key factor in its value proposition, similar to how gold is a limited resource.
*   Peer-to-Peer: Transactions happen directly between users, without the need for intermediaries like banks.

Why is Bitcoin Important?

Bitcoin was the first cryptocurrency, and its existence has opened the door for thousands of other digital assets. It offers potential benefits like:

*   Financial Sovereignty: You have full control over your funds, without relying on a third party.
*   Global Accessibility: Anyone with an internet connection can send and receive Bitcoin, regardless of their location.
*   Potential for Growth: While volatile, Bitcoin has shown significant growth potential over the years, attracting investors looking for alternative assets.
*   Innovation: The underlying blockchain technology has applications far beyond just currency, driving innovation in various industries.

However, it's crucial to remember that Bitcoin and other cryptocurrencies are volatile assets. Their prices can fluctuate significantly, and there's a risk of losing money. This is why it's essential to do your own research and only invest what you can afford to lose.

Discover How Specific Cryptocurrencies Work -- And Get a Bit of Each Crypto to Try Out For Yourself

The world of cryptocurrency goes far beyond just Bitcoin. There are thousands of other digital assets, often called "altcoins" (alternative coins), each with its own unique features, technology, and use cases. Some are designed to be faster and cheaper for transactions, others focus on smart contracts and decentralized applications (dApps), and some aim to solve specific industry problems.

For example, you might encounter:

*   Ethereum (ETH): The second-largest cryptocurrency, known for its smart contract capabilities, which allow developers to build decentralized applications.
*   Stellar Lumens (XLM): As mentioned, Stellar Lumens is another interesting cryptocurrency. Its primary goal is to make cross-border payments faster, cheaper, and more accessible. It aims to connect financial institutions and individuals to facilitate low-cost international money transfers.

The beauty of platforms like Coinbase is that they often allow you to learn about these different cryptocurrencies and even get a small amount of them to experiment with. This is an incredible opportunity for beginners to get a hands-on feel for how these assets work without significant financial commitment.

Coinbase: Your Best Place to Start Trading and Building Your Portfolio

This is where platforms like Coinbase shine. They are designed to make the complex world of cryptocurrency accessible to everyone. Coinbase has a variety of features that make it the best place to start trading and building your cryptocurrency portfolio.

Let's break down some of the key reasons why Coinbase is a popular choice, especially for newcomers:

Earn Up To $130 Worth of Crypto

One of the most attractive features for new users is the opportunity to earn free cryptocurrency. Coinbase often runs promotions where you can earn a certain amount of crypto (sometimes up to $130 or more, depending on the promotion) simply by learning about specific cryptocurrencies.

How does this typically work?

1.  Sign Up and Verify: Create an account on Coinbase and complete the identity verification process.
2.  Navigate to the "Earn" Section: Look for a section on the platform often labeled "Earn" or "Learn & Earn."
3.  Watch Educational Videos: You'll find short, informative videos explaining different cryptocurrencies.
4.  Answer Quizzes: After watching each video, you'll typically answer a short quiz to demonstrate your understanding.
5.  Receive Your Crypto: Upon successfully completing the quizzes, you'll receive a small amount of the cryptocurrency you learned about directly into your Coinbase account.

Practical Example: Let's say there's a promotion for learning about Stellar Lumens. You might watch a 3-minute video explaining what XLM is and its purpose. Then, you'd answer a few multiple-choice questions. If you get them right, you might receive, for example, $10 worth of Stellar Lumens for free. Doing this for a few different cryptocurrencies can quickly add up to a significant amount, allowing you to start your portfolio with assets you've actively learned about.

Create Your Cryptocurrency Portfolio Today

A cryptocurrency portfolio is simply a collection of different digital assets you own. Coinbase makes it incredibly easy to start building yours.

Step-by-Step to Start Building Your Portfolio:

1.  Account Creation: Visit the Coinbase website or download their mobile app and sign up.
2.  Identity Verification: You'll need to verify your identity by providing some personal information and a government-issued ID. This is a standard security measure.
3.  Fund Your Account: You can link your bank account, use a debit card, or make a wire transfer to deposit funds into your Coinbase account.
4.  Start Buying: Once your account is funded and verified, you can navigate to the "Trade" section. Here you'll see a list of available cryptocurrencies. You can then select the cryptocurrency you want to buy, enter the amount you wish to spend, and confirm the transaction.

Example Portfolio Components:

*   Bitcoin (BTC): Often the cornerstone of many portfolios due to its market dominance.
*   Ethereum (ETH): For exposure to smart contracts and dApps.
*   Stellar Lumens (XLM): If you're interested in its potential for cross-border payments.
*   Other Altcoins: As you learn more, you might diversify into other projects that align with your investment goals.

Manage Your Portfolio: Buy and Sell Popular Digital Currencies, Keep Track of Them in One Place

Managing your investments is crucial, and Coinbase excels at this. It provides a centralized hub where you can:

*   Buy and Sell: Easily convert your fiat currency (like USD, EUR, GBP) into various cryptocurrencies, and vice-versa. You can also trade one cryptocurrency for another directly on the platform.
*   Track Performance: See the current value of your holdings, the historical performance of each asset, and your overall portfolio growth or loss. This is usually presented in a clear, user-friendly dashboard.
*   Transaction History: Access a detailed record of all your past buys, sells, and received funds.

Practical Example: Imagine you bought $100 worth of Bitcoin and $50 worth of Ethereum. On your Coinbase dashboard, you'll see the current total value of your Bitcoin holdings and your Ethereum holdings. If Bitcoin's price goes up by 10%, your Bitcoin investment will be worth $110. If Ethereum's price drops by 5%, your Ethereum investment will be worth $47.50. Your dashboard will update these values in real-time, giving you an instant overview of your portfolio's performance.

Recurring Buys: Invest in Cryptocurrency Slowly Over Time

One of the most effective strategies for investing in volatile assets like cryptocurrency is dollar-cost averaging (DCA). Coinbase's "Recurring Buys" feature makes DCA incredibly simple.

What is Dollar-Cost Averaging?

DCA involves investing a fixed amount of money into an asset at regular intervals, regardless of the asset's price. This strategy helps to mitigate the risk of buying at a market peak.

How Recurring Buys Work on Coinbase:

1.  Select Cryptocurrency: Choose the crypto you want to invest in (e.g., Bitcoin).
2.  Set Investment Amount: Decide how much you want to invest each period (e.g., $25, $50, $100).
3.  Choose Frequency: Select how often you want the purchase to occur (e.g., daily, weekly, monthly).
4.  Confirm: Set up the recurring buy, and Coinbase will automatically execute the purchase on your behalf at the scheduled times.

Practical Example: You want to invest $100 per month in Bitcoin. Instead of trying to time the market and investing $100 all at once, you can set up a recurring buy for $25 every week.

*   Week 1: Bitcoin is $40,000. You buy $25 worth, getting approximately 0.000625 BTC.
*   Week 2: Bitcoin is $38,000. You buy $25 worth, getting approximately 0.000658 BTC.
*   Week 3: Bitcoin is $42,000. You buy $25 worth, getting approximately 0.000595 BTC.
*   Week 4: Bitcoin is $41,000. You buy $25 worth, getting approximately 0.000610 BTC.

Over the month, you've invested $100 and acquired roughly 0.002488 BTC. By buying at different price points, you've averaged your purchase price, potentially reducing your risk compared to buying all at once.

Vault Protection: For Added Security, Store Your Funds in a Vault

Security is paramount when dealing with digital assets. Coinbase offers a robust security infrastructure, and one of its standout features for enhanced protection is the Vault.

What is the Coinbase Vault?

The Vault is an additional layer of security for your cryptocurrency holdings. It's designed to protect your assets from unauthorized access, even if your Coinbase account password is compromised.

Key Features of Vault Protection:

*   Time-Delayed Withdrawals: When you initiate a withdrawal from your Vault, there's a mandatory waiting period (e.g., 24-48 hours) before the funds are released. This gives you time to review and cancel the transaction if you didn't authorize it.
*   Multi-Signature Security: Vaults often utilize multi-signature technology, meaning multiple private keys are required to authorize a transaction. This makes it much harder for a single point of compromise to lead to fund loss.
*   Two-Factor Authentication (2FA) Requirements: Accessing and managing your Vault typically requires additional authentication steps beyond your standard login.

Practical Example: Let's say you have a significant amount of Bitcoin in your Coinbase account. You decide to move it to the Vault for extra peace of mind. If a hacker somehow gained access to your account and tried to transfer your Bitcoin out of the Vault, they would be blocked by the time-delayed withdrawal. You would receive an alert about the pending withdrawal, giving you the opportunity to cancel it before any funds are lost.

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Bitcoin Wallet.
Bitcoin Wallet is easy to use and reliable, while also being secure and fast. Its vision is de-centralization and zero trust; no central service is needed for Bitcoin-related operations. The app is a good choice for non-technical people.
Control over your money.
This wallet gives you full control over your bitcoins. This means no third party can freeze or lose your funds. You are however still responsible for securing and backing up your wallet.
This wallet uses SPV and the Bitcoin network. This means very little trust in third parties is required when verifying payments. However, it is not as secure as a full node like Bitcoin Core.
This wallet is open-source and built deterministically. This means any developer in the world can audit the code and make sure the final software isn't hiding any secrets.
This wallet is loaded on mobiles where apps are usually isolated. This provides a good protection against malware, although mobiles are usually easier to steal or lose. Encrypting your mobile and backing up your wallet can reduce that risk.
Prevents spying on your payments.
This wallet makes it harder to spy on your balance and payments by rotating addresses. You should still take care to use a new Bitcoin address each time you request payment.
Discloses limited information to peers.
Peers on the network can log your IP address and associate your payments together when receiving or sending payment.
Tor not supported.
This wallet does not let you use Tor to prevent attackers or Internet service providers from associating your payments with your IP address.
Full control over fees.
This wallet gives you full control over fees. This means that this wallet allows changing the fees after funds are sent using RBF or CPFP. This wallet also provides fee suggestions based on current network conditions so that your transactions are confirmed in a timely manner without paying more than you have to.


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Get a Bitcoin Wallet.
Are you a new Bitcoin user ?
Or have you been using Bitcoin for a while and want to upgrade your security practices? Then keep reading!
Types of Wallets.
There are many different ways to use Bitcoin and so there are many different types of wallets:
Online bitcoin wallets. Wallets that can be accessed on the web from any internet connected device. Bitcoin hardware wallets. Physical devices designed to secure bitcoins. Software wallets. Wallet applications downloaded to your phone, computer or tablet. Paper wallets. Bitcoin private keys printed from an offline computer.
By the end of this article you'll understand Bitcoin wallets and have a better idea about which type is right for you. Here are some factors to consider:
On the go? If you are making payments in person and not online then a mobile wallet like Copay (iOS & Andro >
Atomic Wallet.
Atomic Wallet is a fully decentralized, non-custodial multicurrency wallet, supporting over 300+ coins and tokens. Atomic provides an interface that allows you to not only manage, but also exchange and buy cryptocurrencies without using external services. The wallet has a built-in decentralized orderbook enabling users to exchange BTC, LTC and QTUM using the Atomic Swap technology. Atomic Wallet provides users with a 12-word mnemonic seed, so they get full access to their funds. All private keys are encrypted on an end device.
Copay.
Copay is a Bitcoin wallet by Bitpay and available on iOS, Android, Windows Phone, Linux, Max OS X, and Windows. Because Copay is available on multiple platforms, it's easy to use the same wallet or accounts across multiple devices.
Copay's simple, clean user interface makes it a good choice for new Bitcoin users. Copay is also a good option for businesses due to a shared account feature, which requires a certain number of users to sign each transaction. Two co-founders, for example, could create a 2 of 2 wallet where both will be required to sign each transaction.
Hardware Wallets.
Hardware wallets are small computers or smartcards built with the sole purpose of generating Bitcoin private keys offline. Hardware wallets securely sign transactions in the same offline environment.
COLDCARD Wallet.
Coldcard is an easy to use, ultra-secure, open-source and affordable hardware wallet that is easy to back up via an encrypted microSD card. Your private key is stored in a dedicated security chip. MicroPython software design allows you to make changes. It goes above and beyond, by giving you the option to sign transactions fully Air-Gapped/Offline via MicroSD (PSBT-BIP174)
Coldcard is different than other wallet. No specialized software required. It accepts standard PSBT transaction (BIP 174) stored on an MicroSD card. No companion 'app' on your computer, works with the major wallets already (Electrum, and more to come). It's cheap! Simple packaging, plain design, no fancy boxes, no redundant cables. It's ultrasecure! Real crypto security chip. Your private key is stored in a dedicated security chip, not the main micro's flash. Easy back-up! MicroSD card slot for backup and data storage. This allows truly offline signing, by transferring the unsigned/signed transactions on sneakernet. Open source software design runs Micropython and you can change it.
Ledger Nano.
The Ledger Nano is a smartcard based hardware wallet. Private keys are generated and signed offline in the smartcard's secure environment. The Nano is setup using the Ledger Chrome Application. A random 24-word seed is generated upon setup and backed offline by writing it down on a piece of paper. In case of theft, damage or loss, the entire wallet can be recreated with the seed. A user selected PIN code is also assigned to the device to protect against physical theft or hacking.
The Ledger Nano may be used on any computer, or Android phones with Mycelium or GreenBits.
TREZOR.
The TREZOR differs from the Ledger Nano in that it's a very tiny computer rather than a smartcard. Private keys are still generated offline.
TREZOR also generates a 24-word seed upon setup. The TREZOR has its own built in screen where the seed is displayed and copied down during backup. Since the TREZOR is an offline device it offers extra security since the seed isn't displayed on an online computer.
An additional passphrase can be added to the 24-word seed. This provides extra protection, since anyone who finds someone else's 24-word seed is free to access the funds. If the optional passphrase is added, an attacker still wouldn't be able to access funds without both the seed AND the passphrase. If the passphrase is forgotten, it cannot be recovered.
OPENDIME.
The first Bitcoin Bearer Bond or called a Bitcoin Stick. Opendime is a small USB stick that allows you to spend Bitcoin like a dollar bill. Pass it along multiple times. Connect to any USB to check balance. Unseal anytime to spend online. Trust no one.
Acts like a read-only USB flash drive. Works with any computer, laptop, and phone.
A QR Picture and Text file inside contain Bitcoin address and support.
The private key is generated inside the device, and is never known to any human, not even you!
The Bitcoin world changes fast but Opendime is built on the fundamental Bitcoin features that have not changed in five years.
Give an Opendime to anyone and they don't need to worry that you can take back the funds later.
You have got the private keys in the device. This is physical Bitcoin as it was meant to be to just hand it to someone and they have got it.
Pass it on multiple times! Simple as a handshake. No miner fees, no confirmation delays.
Uses Bitcoin message signing, normal (non HD) bitcoin payment addresses and private keys in WIF format.
Ledger HW.1.
The Ledger HW.1 is a more affordable version of the Ledger Nano.
Ledger Unplugged.
The Ledger Unplugged is a credit card-size wireless hardware wallet. Private keys are generated offline. Transactions are signed on the device and sent to a mobile phone via NFC.
The Ledger Unplugged is ideal for everyday use, since the device fits perfectly into wallets and no OTG cable is required.
Online Bitcoin Wallets.
Online Bitcoin wallets, or web wallets, store your private keys online. Wallets can only be accessed with a user-set password.
GreenAddress.
GreenAddress is a multisig web wallet, with apps available for Chrome, iOS, and Android.
SpectroCoin.
SpectroCoin is an all-in-one solution for Bitcoin. Services offered include a wide range of Bitcoin solutions, from exchange to Bitcoin e-wallet.
Mobile Wallets for Andro >
Atomic Wallet (Andro > Learn More Download.
Atomic Wallet is available on Google Play and fully optimized for Android devices. The app provides the option to seamlessly manage and exchange 300+ coins and tokens. Private keys are encrypted on users' device and never leave it.
breadwallet (Andro > Learn More Download.
Breadwallet started out as the most popular wallet for iPhone, and now it is also available for Adroid devices running Android 6.0 or higher. The simplicity and easy-to-use security makes it a great place to start for users who are new to bitcoin.
Mycelium (Andro > Download.
Mycelium is a favorite among experienced Bitcoin users. It's an HD wallet with many advanced features, like support for hardware wallets TREZOR and Ledger, watch-only accounts, cold storage spending, and Tor.
Bitcoin Wallet.
Bitcoin Wallet was the first Bitcoin wallet for Android. It's simple, easy to backup, and connects directly to the Bitcoin network with SPV.
Airbitz.
AirBitz is another Bitcoin wallet that's great for everyday use. It's integrated with Fold, meaning you can get 20% discounts at Starbucks from within the wallet.
Airbitz manages accounts with usernames and passwords, but doesn't have access to your funds. This type of account creation is easier for less technical users who may have trouble backing up or understanding HD seeds.
GreenBits.
GreenBits is the native version of GreenAddress. It's fast, simple, and supports hardware wallets TREZOR and Ledger Nano/HW.1.
Mobile Wallets for iOS.
breadwallet (iOS)
Breadwallet's combination of simplicity and security has made it the most popular iOS wallet. iPhone users in search of their first Bitcoin wallet should find Breadwallet easy to understand.
Copay.
Copay is available in the App Store. Click here for more details.
Airbitz.
AirBitz is also available in the App Store.
Desktop Wallets.
Desktop wallets are software wallets that are downloaded and installed on your computer. The desktop wallets below are available on Mac OS X, Windows, and Linux.
Paper Wallets.
Paper wallets were the standard method of cold storage before hardware wallets were built. Paper wallets are private keys printed out on a piece of paper. If generated and printed with a secure, offline computer, paper wallets are secure cold storage.
The main problem with paper wallets is it can be inconvenient to create and print a new wallet each time you send funds to cold storage. However, it's possible to bulk print paper wallets to save time and eliminate address reuse. Our cold storage guide explains step-by-step how to create a secure paper wallet.
Best Practices.
Bitcoin lets you control your money, meaning you are responsible for both your money's security and your financial privacy. Here are some steps you can take to ensure your privacy and security:
Control your private keys.
Services like Coinbase and Circle offer "Bitcoin wallets", but in reality control your private keys. It's best to use a wallet where you control your private keys. This is the only way to have full control of your funds and not have to rely on third parties for security.
Protect your privacy.
Each time you request blockchain data from a wallet, the server may be able to view your IP address and connect this to the address data requested. Each wallet handles data requests differently. If privacy is important to you, use a wallet that downloads the whole blockchain like Bitcoin Core or Armory. Tor can be used with other wallets to shield your IP address, but this doesn't prevent a server from tying a group of addresses to one identity. For more information, check out the Open Bitcoin Privacy Project for wallet rankings based on privacy.
Don't reuse addresses.
Most Bitcoin wallets today automatically create a new address for each transaction. Since all Bitcoin transactions are public, address reuse makes it easy for others to group transactions and understand which payments are connected to one identity.
Use different wallets for different sums of money.
Just like you don't walk around with your savings account as cash, there are different Bitcoin wallets that should be used depending on how much money is being stored or transferred. Secure wallets like paper wallets or hardware wallets can be used as "savings" wallets, while mobile, web, and desktop wallets should be treated like your spending wallet.
Create multiple secure backups.
Users should create multiple backups of their wallets. Backups should be kept in separate physical locations in the case of fire or water damage. Paper wallets can be laminated or written in metal for extra protection.
How to Store Bitcoins.
Earlier it was mentioned that there are four types of Bitcoin wallets: online wallets, hardware wallets, software wallets, and paper wallets. These four categories can be broken down further into different kinds of storage and security:


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Hot Wallets.
Hot wallets refer to Bitcoin wallets used on internet connected devices like phones, computers, or tablets. Because hot wallets run on internet connected devices there is always a risk of theft. Think of hot wallets like your wallet today. You shouldn't store any significant amount of bitcoins in a hot wallet, just as you would not walk around with your savings account as cash.
If only used with small amounts, hot wallets should be used for your everyday Bitcoin needs. One may, for example, want to keep $200 worth of bitcoins in a hot wallet for spending, with $10,000 locked away in cold storage.
Custodial Services.
Although often called Bitcoin wallets, services like Coinbase and Circle aren't true Bitcoin wallets. Customers private keys are held by these third party services, meaning users don't really have control of their money.
As Bitcoiners often say: "if you don't control the keys, you don't control the coins". Mt. Gox is an extreme example, but one that illustrates the importance of holding private keys. Gox was the first and largest Bitcoin exchange up until 2013. Thousands of users stored more than 800,000 bitcoins in their Gox accounts.
At the time, one may have claimed to have 1,000 bitcoins in a Gox account. While true at the time, as soon as Mt. Gox claimed to have been victim of theft users with bitcoins in their accounts were left empty handed.
Services like Coinbase and Circle may in fact use good security practices and there's a chance your bitcoins are safe. But by storing bitcoins with a third party you are always taking on additional risk.
Cold Storage.
Cold storage is achieved when Bitcoin private keys are created and stored offline. Private keys stored offline are more secure since there is no risk that a hacker or malware could steal your coins.
There are three ways to create cold storage: paper wallets, hardware wallets, and software wallets run on offline computers. Think of cold storage as your savings account. Use it to securely store bitcoins that you don't plan to spend.
Multisignature Wallets.
Multisignature wallets like Copay make it easier to share control of bitcoins between multiple parties. If created offline, multisig can also make cold storage more secure.
Multisignature wallets require multiple parties to sign transactions in order for funds to be spend. In a 2-2 wallet, for example, both parties must sign a transaction. In a 2-3 multisig wallet, two of the three co-signers must sign each transaction.
Armory Multisig: Armory offers a Lockbox feature that requires any amount of up to seven co-signers to approve shared transactions. A Lockbox is created by one party who adds additional public keys as co-signers. This solution provides a mix of flexibility and security for personal use or organizations.
Armory's fragmented backups is another useful feature. Instead of requiring multiple signatures for each transaction, fragmented backups require multiple signatures only for backups. A fragmented backup splits up your Armory backup into multiple pieces, which decreases the risk of physical theft of your wallet. Without a fragmented backup, discovery of your backup would allow for immediate theft. With fragmented backup, multiple backup locations would need to be compromised in order to obtain the full backup.
Here's a look at some everyday use cases for multisig:
2-2 Wallet: Two business partners work together at a startup. They create a 2-2 multisig wallet so that no funds can be spent without the permission of both founders. If one tries to create a transaction, the other partner will be required to sign off on the transaction before money can be moved.
2-3 Wallet: A 2-3 multisig wallet could be used to create secure offline storage with paper wallets or hardware wallets. Users should already backup their offline Bitcoin holdings in multiple locations, and multisig helps add another level of security. A user, for example, may keep a backup of a paper wallet in three separate physical locations. If any single location is compromised the user's funds can be stolen. Multisignature wallets improve upon this by requiring instead any two of the three backups to spend funds--in the case of a 2-3 multisig wallet. The same setup can be created with any number of signatures. A 5-9 wallet would require any five of the nine signatures in order to spend funds.


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Buy Bitcoin and Ethereum.
Luno makes it safe and easy to buy, store and learn about cryptocurrencies.
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Available in over.
Luno helps you buy Bitcoin and Ethereum in three easy steps.
1. Sign up.
Sign up for your free Luno Wallet on web, iOS or Android and follow our easy process to set up your profile.
2. Deposit money.
Choose your preferred payment method like bank transfer or credit card to add money to your Luno Wallet.
3. Buy crypto.
Buy Bitcoin or Ethereum, then securely store it in your Wallet or send it on easily to friends.
Luno helps you buy Bitcoin and Ethereum in three easy steps.
1. Sign up.
Sign up for your free Luno Wallet on web, iOS or Android and follow our easy process to set up your profile.
2. Deposit money.
Choose your preferred payment method like bank transfer or credit card deposit to top up your Luno Wallet.
3. Buy crypto.
Buy Bitcoin or Ethereum, then securely store it in your Wallet or send it on easily to friends.
Why are so many people investing in cryptocurrencies like Bitcoin?
It's a better way to move money.
People all over the world use Bitcoin to send money to friends and family or buy things online. It can be cheaper, faster and easier to use than ordinary money.
It's true financial freedom.
Like the internet, no single entity controls Bitcoin. It provides users with both transparency and privacy. It puts you back in control of your money.
It's a new type of investment.
People are buying Bitcoin because it's like digital gold. It is used as an alternative store of wealth, for portfolio diversification, and long term investment.
Learn more about Bitcoin and Ethereum on our Learning Portal.
Why are people from all over the world choosing Luno?
Luno is trusted.
We're early industry pioneers and have been around since 2013, successfully processed more than 8 billion dollars in transactions and have happy customers in over 40 countries.
Built for you.
People love our easy-to-use products. From local payment methods to customer support in many different languages, we make your Bitcoin experience the best one.
Global expertise.
Our expert team has worked all over the world for top tech and finance companies such as Google, Amazon, Morgan Stanley and Barclays. Plus we're backed by some of the world's top investors.
Luno is secure.
When we say your money is safe, we really mean it. We've built some of the world's most sophisticated Bitcoin security systems and have never been compromised.
Here's what our customers have to say.
" I'm glad I came across luno. It has simplified my online transactions and cut down on the transaction fees. So fast to buy and send Bitcoin. I love it.


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Atomic Bitcoin Wallet.
Manage your Bitcoin, Ethereum, XRP and over 300 tokens in a single interface.
Trusted Reviews.
Check what our customers say on Trustpilot.
Atomic Wallet is available for all major Operating Systems. Subscribe for our updates to know about latest news and releases.
How to setup Bitcoin Wallet.
Manage your Bitcoin wisely! Learn how to setup Atomic Wallet to send, receive, exchange and buy BTC.
Buy Bitcoin with Credit Card.
Features.
Atomic Wallet provides a powerful, in-demand service that allows users to reduce effort spent on managing crypto assets​ and makes it transparent and reliable.
Atomic Wallet is feature-packed. It is the most secure, trustworthy, transparent and decentralized wallet solution you can imagine. Download.
Use decentralized Atomic Swap to proceed with cross-chain exchange avoiding third party risks.
For coins not yet supported by Atomic Swap, we have built-in ShapeShift, ChangeNOW and Changelly exchanges.
Instant limitless exchange service, supporting 90+ altcoins.
Private, convenient and fast way to exchange cryptos.
Best option for uncensored cross-blockchain swaps.
Strong encryption and custody-free solution guarantee our clients the highest level of security.
Your private keys are encrypted and never leave your device. Only you have control over your funds.
Partners &Investors.
Our Partners.
What is Bitcoin?
Bitcoin is a cryptocurrency based on blockchain technology. Cryptocurrency in terms of a bitcoin is digital money, protected with cryptographic hashes and distributed on a decentralized network. Within the blockchain, Bitcoins distributed among different accounts which are called addresses. If you want to learn more about what is Bitcoin and how it works, please read our guide .
What is a Bitcoin Wallet?
A bitcoin wallet is a software used to manage your Bitcoins. It contains private keys and public addresses and gives you full access to your funds. Some of the wallets are hardware, some of them called hot, cold, desktop, and mobile wallets. If you want to learn more about cryptocurrency wallets, please read our guide .
Wallets are the main user interface through which a person interacts with the cryptocurrency system.
Bitcoin Wallet security.
The bitcoin wallet is protected as you keep your seed or private keys in a safe and secure place.
Do not store large amounts on your computer, web service, or mobile app. Most likely, hardware wallets are better suited for large savings, though they are not convenient for everyday use. Hot wallets allow you to backup through email of 2FA, though, there are risks of losing funds due to the hackers' attack. Decentralized wallets enable you to manage cryptocurrency on your device, but you need to pay attention to how you store your backup as it's the primary access to your funds .
Bitcoin transaction fees.
Bitcoin transaction fees can plunge new users into a stupor, who do not understand how they are calculated and why sometimes Bitcoin fees for a transaction is higher than $3. To understand the reason for the high bitcoin fee, you need to delve into the principle of the blockchain .
What factors does the Bitcoin Commission depend on?
Each Bitcoin block consists of multiple recipient and sender addresses. Most likely, you will see hundreds of transactions in a block. There are miners in Bitcoin blockchain; they create new blocks, thus allows to send money from one account to another. The more transaction is waiting to be approved in the system, and the more likely the fees will skyrocket. It happens when Bitcoin's price increases rapidly.
As Bitcoin blockchain works on a UTXO principle (you own Bitcoins that are currently unspent), the more inputs you have, the larger will be the fees for you to send Bitcoins.
How your funds stored in Atomic Wallet?
Atomic is a decentralized multi-currency wallet, which supports more than 300 cryptocurrencies, has built-in cryptocurrency exchange, mobile app and Buy Crypto feature.
This wallet is well known for its simplicity, convenience, excellent interface, and security. Security is ensured by the fact that your crypto is entirely under your control as your seed phrase stored only on your device. So you fully control your cryptocurrency.
The primary purpose of Atomic Wallet is not just to store cryptocurrency, but also to create a strong ecosystem with many functions that will resemble in some way a decentralized exchange. There is also a native token AWC (Atomic Wallet Coin), which will have many use cases in the ecosystem: dividends for holders, cash back program. Furthermore, it also serves as a marketing tool for bounty and airdrop campaigns.
How does Cryptocurrency wallet work?
Bitcoin wallet has several keys that are needed for its operation. Private key. This is a 256-bit number that is randomly generated and serves as a personal wallet ID on the network. Is a sequence of 16 digits and characters: E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262 ; Public key. It is generated from the private key of the wallet by solving a special cryptographic formula (elliptic equation). The key is 512 bits long and is also written as a 32-character sequence: 0499B4B0FB28848277DCF15C5EB78B80D9E560D55770EA897CFBEC7E85B8B-62C8F8685F4211DF935A5DE20664A7F596358ED25D74FB95E53B3FAE6F49F6700DB3B . the Public key always starts with the byte "04В»; Address. It is created from the public key by hashing (converting an array of data into a string of characters of a certain length) вЂ" this is the code that the user of the bitcoin network sees on the screen. Usually, it is 27-34 digits and letters of the Latin alphabet: 14qViLJfdGaP4EeHnDyJbEGQysnCpwn1gz . The address is generated only if there is a private key вЂ" the reverse sequence can not be solved.
Thus, the anonymity of bitcoin wallet is achieved. It is impossible to crack it unless the owner himself personally provided all the data to the attackers.
How to Install Atomic Wallet.
Run Atomic, click "CREATE WALLET," enter a secure password, click SET PASSWORD. Now we see 12 keywords to restore access to the wallet. Be sure to keep in a safe place! Then click: "START USING ATOMIC."
Now we can see the wallet interface. In the first tab "WALLET," we know the balance of all available coins and generated wallet addresses of different coins. Here you can sort by volume, and you can also hide negative balances or add any Ethereum tokens.
In the tab "EXCHANGE" has the opportunity to exchange tokens through exchanges partner ChangeNOW, Changelly and ShapeShift.
The "SETTINGS" tab allows you to change your password, get private keys that are securely stored in the encrypted form, as well as import an external wallet into Atomic Swaps Wallet (you must enter a private key).


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Oct 28, 2019, 05:03 pm #56 Last Edit: Apr 20, 2020, 06:48 am by admin
Bitcoin Australia.
Why do I need a wallet?
Before purchasing bitcoin, you'll need to set up a wallet to store them. In this guide we'll discuss types of Bitcoin wallets and why you may choose one over the other. Wallets can be on your mobile, on your desktop or even a physical hardware than you can carry with you. When you set up your wallet, you will have what is known as a private key which functions as the password to access your Bitcoin. As you complete a transaction, you will then receive what is known as a public key, which connects you from one Bitcoin user to another.
Please note: Never purchase a wallet on eBay. Someone may be attempting to sell you a wallet that has been tampered with to steal your bitcoin. Remember, regardless of which wallet you choose, keeping your bitcoin secure is most important.
Mobile Wallets.
(Recommended if you own under $1000 worth of bitcoin)
Free and easy to set up Accessibility: Your money lives directly on your smartphone or laptop. Convenience: Using Bitcoin mobile wallets allows you to send and receive bitcoins by scanning a QR code.
Mobile and Desktop wallets are not secure enough to store large amounts of bitcoins.
Recommendations.
We recommend Edge wallet or Blockchain Wallet for iPhone and Android users. It is easy and quick to set up for beginners; just download from the App store and you are ready to go in minutes.
Here is a quick video demonstration of setting up a Mobile Bitcoin Wallet.
Desktop Wallets.
Free and easy to set up Accessibility: Your money lives directly on your smartphone or laptop. Convenience: Using Bitcoin mobile wallets allows you to send and receive bitcoins by scanning a QR code.
Mobile and Desktop wallets are not secure enough to store large amounts of bitcoins.
Recommendations.
We recommend Exodus as a desktop wallet. It is one of the most secure and convenient software wallets.
Physical Hardware Wallets.
(Recommended if you own over $1000 in bitcoin)
Security: Hardware wallets, also referred to as cold storage, have been designed to protect your private keys from malware, virus and phishing. They are the most secure way to store your bitcoins. Portability: It can be connected to any Windows, Linux or Mac machine as an external device. You can use it anywhere in the world with any machine. Extensibility: It is compatible with different wallets: MultiBit HD, Mycelium and others.
Price: They aren't free, but they are a necessary expense if you're holding larger amounts of bitcoin.
Recommendations.
We recommend Ledger Nano S TREZOR, which are renowned for their security and ease of use.
Paper Wallets.
Paper wallets are different from the other types of wallets and are often described as the most secure way to store your cryptocurrency. Unlike online wallets, this form of bitcoin storage is completely offline and physical, giving you full control. A paper wallet is exactly how it sounds, a piece of paper that contains your private key and public address, usually printed in the form of a QR code.
Being a physical form of storage, it means you must take extra care to protect the paper. People with paper wallets often laminate the paper, or place it in a tamper-proof envelope and then within a safe to keep it completely safe and secure.




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Bitcoin Mining Profit Calculator.
Why Our Calculator is the Most Accurate.
There are many factors that affect your mining profitability. Two of the main factors that influence your profitability are:
The Bitcoin price and the total network hash rate.
The Bitcoin network hash rate is growing at a rate of 0.4527678% per day. This means if you buy 50 TH/s of mining hardware your total share of the network will go DOWN every day compared to the total network hash rate.
Our calculator assumes the 0.4527678% daily increase in network hash rate that has been the average daily increase over the past 6 months.
Without factoring in this growth, most Bitcoin mining calculators show results that appear MUCH, MUCH more profitable than reality.
The Bitcoin Price.
Even though the network hash rate will cause your share of the network hash power to go down, the Bitcoin price can help make up some of these losses.
The Bitcoin price is rising at a slightly lesser 0.3403% per day over the past year. We suggest you enter a custom Bitcoin price into our calculator based on what you expect the average price to be over the next year.
The price has gone down for most of the past year, which is a factor that should be strongly considered in your calculations.
What our Calculator Assumes.
Since our calculator only projects one year out, we assume the block reward to be 12.5. We also use the current Bitcoin price in our calculations, but you can change the Bitcoin price to anything you'd like to get better data.
Factors That Affect Mining Profitability.
Mining can be an effective way to generate passive income. However, there are numerous factors that affect mining profitability, and often times they are out of your control.
Some seem to believe they will be able to quit their nine-to-five job after investing in a few Bitcoin miners - unfortunately, that is not necessarily the case.
How do you know if mining is right for you?
It is important to understand the constantly changing dynamics that play into mining profitability, especially before you invest your hard-earned money. Nevertheless, a proper passive income can be generated if you play your cards right. Let's explore the factors that you need to consider before you buy mining hardware:
Initial Investment.
The initial investment in efficient mining hardware is probably one of the things keeping you from pulling the trigger, and for good reason. Mining hardware is expensive!
In actuality, the high cost of dedicated mining hardware ASICs (Application Specific Integrated Circuits) is largely to blame for the centralization of Bitcoin mining in China.
In case you were not aware, the vast majority of mining operations are in China, primarily because of cheap electricity (more on that later.) Since ASICs are expensive, many average consumers do not have the capital to invest.
Large mining corporations operate mining farms with thousands of ASICs. The average Joe can't even afford one ASIC, much less thousands of them.
Instead of mining being spread out across the world, the validation process is controlled by fewer people than first anticipated upon Bitcoin's inception.
ASICs' impact on Bitcoin aside, it is important to determine your ROI timeline before investing. Some hardware might not pay itself off at all. The additional factors below are largely responsible for determining your ROI period.
You can use the calculator above to determine your projected earnings based on the ASIC you're using, and your electricity cost.
Block Rewards and Transaction Fees.
Every time a block is validated, the person who contributed the necessary computational power is given a block reward in the form of new-minted BTC and transaction fees.
Bitcoin's block time is roughly 10 minutes. Every 10 minutes or so, a block is verified and a block reward is issued to the miner. When Bitcoin was first created, miners received 50 BTC for verifying a block. Every 210,000 blocks - roughly 4 years - the amount of BTC in the block reward halves.
50 BTC per block may seem high, but it is important to consider the price of Bitcoin at that time was much less thant it is today. As the Bitcoin block reward continues to halve, the value of Bitcoin is predicted to increase. So far, that trend has remained true.
First, the amount of newly minted BTC (often referred to as coinbase, not to be confused with the Coinbase exchange) halved to 25 BTC, and the current coinbase reward is 12.5 BTC. Eventually, there will be a circulating supply of 21 million BTC and coinbase rewards will cease to exist.
If BTC is no longer minted, mining won't be profitable anymore, right?
Transaction fees are issued to miners as an incentive to continue validating the network. By the time 21 million BTC has been minted, transaction volume on the network will have increased significantly and miners' profitability will remain roughly the same.
Of course, block rewards have a direct impact on your mining profitability, as does the value of BTC - since the value of BTC is volatile, block rewards will vary. Additionally, successfully confirming a block is the only way you will generate any revenue whatsoever by mining.
This leads us to our next point:
Block Difficulty.
If you were able to connect the dots, you probably realized that a block reward is worth a whole lot of money. Take a look:
12.5 BTC x current BTC value (approximately $7,400) = $92,500. NOTE: The market is currently bearish - block rewards are always subject to change.
If block rewards are worth so much, why isn't everyone buying ASICs?
Mining Bitcoin is not easy - that's why millions of dollars have been invested to research, develop, prototype and sell specialized mining hardware.
Even if you invest in a specialized mining ASIC which can cost thousands of dollars, your chances of successfully validating a block on your own are slim.
ASICs have caused Bitcoin's mining difficulty to skyrocket. Moreover, you're competing with everyone else on the network to validate a block. Those with more computational power are more likely to validate a block.
As stated previously, companies have set up large-scale mining operations in China with thousands of ASICs running in synchrony. They're more likely to confirm the block than you are on your own.
Nevertheless, there are ways for the little guy to turn a profit. If you want to start mining Bitcoin, consider joining a Bitcoin mining pool. You'll team up with other miners to increase your collective hashing power, thus increasing your chances of validating a block.
If a block is validated by your mining pool, the block reward will be distributed according to the amount of computational power you contributed. For example, if you were responsible for 5% of the hashing power, you'd receive 5% of the block reward, minus pool fees.
Mining pools may not seem appealing at first because you have to divvy up the reward, but they're actually a smart move, as they significantly increase your odds of validating a block. Otherwise, you may end up consuming loads of electricity without actually being rewarded for your work.
Speaking of electricity:
Electricity Cost.
Electricity cost is probably the factor that has the most impact on mining profitability.
After all, Bitcoin's SHA-256 mining algorithm is classified as Proof-of-Work (PoW) because work must be done to validate the network. The 'work' is computational power - therefore electricity is required to validate the network.
Always look at a miner's hashrate/power consumption ratio. Ideally, you want an ASIC that has a high hashrate and low power consumption. Such an ASIC would be efficient and profitable because you'd hopefully validate a block which would be worth more than your electricity costs.
If you don't successfully validate a block, you'll end up spending money on electricity without anything to show for your investment. If you want to maximize your profitability, purchase the most efficient ASIC and mine where electricity is cheap.
If you're looking for a great BTC ASIC miner, check out Halong Mining's Dragonmint T16.
In the United States, the average electricity cost is around $0.12 cents per kilowatt-hour. In other countries, electricity cost will vary. Asia's electricity is particularly cheap, which is why China is home to many mining operations.
Conclusion.
Bitcoin mining is very competitive. If you are looking to generate passive income by mining Bitcoin, it is possible, but you have to play your cards right.
In order to profitably mine, make sure that you: Mine with cheap electricity Buy the most efficient miner you can Join a mining pool Have patience.
Now you have the tools to make a more informed decision. Mining is competitive, yet rewarding. If you invest in the proper hardware and combine your hashing power with others', your odds of turning a profit will increase considerably.


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Oct 28, 2019, 05:03 pm #58 Last Edit: Apr 20, 2020, 06:48 am by admin
Real brasileiro (BRL) e Bitcoin (BTC) calculadora da conversão da taxa de troca da moeda corrente.
Por favor, ajudem melhorar o texto neste site . Foi uma tradução automática do Inglês e, muitas vezes precisa de alguma atenção humana.
Este Real brasileiro e Bitcoin conversor está atualizado com taxas de câmbio de 14 de outubro de 2019.
Digite o valor a ser convertido na caixa à esquerda da Real brasileiro. Use moedas "swap" para fazer Bitcoin a moeda padrão. Clique em Bitcoins ou Reais brasileiros converter-se entre essa moeda e todas as outras moedas.
O real brasileiro está a moeda corrente dentro Brasil (BR, BRA). O Bitcoin está a moeda corrente dentro nenhum país. O real brasileiro é sabido também como reais. O símbolo para BRL pode ser escrito R$. O símbolo para BTC pode ser escrito BTC. O real brasileiro é dividido em 100 centavos. A taxa de troca para o real brasileiro foi atualizada por último sobre 11 de outubro de 2019 de Fundo Monetário Internacional (FMI). A taxa de troca para o Bitcoin foi atualizada por último sobre 14 de outubro de 2019 de coinmarketcap.com. O BRL fator de conversão tem 6 algarismos significativos. O BTC fator de conversão tem 12 algarismos significativos.
BRL BTC coinmill.com 5.00 0.00015 10.00 0.00029 20.00 0.00059 50.00 0.00146 100.00 0.00293 200.00 0.00586 500.00 0.01464 1000.00 0.02929 2000.00 0.05858 5000.00 0.14645 10,000.00 0.29290 20,000.00 0.58580 50,000.00 1.46450 100,000.00 2.92900 200,000.00 5.85799 500,000.00 14.64498 1,000,000.00 29.28996 BRL câmbio 11 de outubro de 2019 BTC BRL coinmill.com 0.00010 3.41 0.00020 6.83 0.00050 17.07 0.00100 34.14 0.00200 68.28 0.00500 170.71 0.01000 341.41 0.02000 682.83 0.05000 1707.07 0.10000 3414.14 0.20000 6828.28 0.50000 17,070.69 1.00000 34,141.39 2.00000 68,282.78 5.00000 170,706.94 10.00000 341,413.88 20.00000 682,827.77 BTC câmbio 14 de outubro de 2019.
Imprima as cartas e leve-as consigo na sua bolsa ou carteira quando viajar.
Deixe um comentário.
Opções.
Começando A Moeda corrente.
Esta calculadora da moeda corrente é fornecida na esperança que será útil, mas SEM NENHUMA GARANTIA; sem uniforme a garantia implicada do MERCHANTABILITY ou da APTIDÃO PARA Uma FINALIDADE PARTICULAR.
Este site é traduzido do Inglês. Você pode corretas más traduções si mesmo.




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Bitcoin, euro en andere (crypto)currency omrekenen?
Hoe werkt de BTC Bitcoin calculator?
Stap 1. Kies je gewenste coin. Voer het bedrag aan BTC Bitcoins in het 1e veld in. Vervolgens verschijnt er vanzelf het omgerekende bedrag in het andere veld. De Bitcoin calculator ondersteunt niet alleen Bitcoin euro, maar ook verschillende andere valuta zoals: Euro, Australische dollar, Amerikaanse dollar, Canadese dollar, Brits pond sterling, Zwitserse franc, Japanse yen en Chinese yuan. Ook ondersteunt de Bitcoin calculator de meest uiteenlopende cryptocurrencies (cryptogeld) zoals ETH Ether (Ethereum), XRP Ripple, Dash, LTC LiteCoin en meer.
Stap 2. Kies de valuta waarin je de coin wilt omrekenen. Helemaal rechts naast de invoervelden zie je een drop-down selectie knop. Wanneer je hierop klikt, kun je de gewenste (crypto)currency selecteren, waarin omgerekend moet worden. Onder de calculator wordt tevens ter indicatie weergegeven hoeveel € euro één coin op dit moment oplevert, volgens de actuele bitcoin euro koerswaarde.
Stap 3. Andersom omrekenen De Bitcoin calculator werkt ook andersom. Je kunt ook een valuta terug omrekenen naar Bitcoin. Vul dan in het 2e invoerveld een bedrag in en kies je gewenste (digitale) valuta.
Zo makkelijk is het, Bitcoin euro en andere (crypto)valuta reken je zo om! Wil je dat de Bitcoin calculator een nieuwe cryptocoin gaat ondersteunen? Reageer dan in de reacties onderaan deze pagina.
Meer over cryptocurrency (cryptogeld)
Op Bitcoincalculator.nl vind je niet alleen handige Bitcoin euro tools zoals de Bitcoin calculator. Je leert ook in slechts 6 lessen alles over Bitcoins en andere cryptocurrency. We laten je zien hoe je slim belegt in Bitcoins om zo rendement te behalen op je initiële investering. Deze kennis kan je opdoen in de 6 lessen die we aanbieden.
Je leert kennismaken met BTC Bitcoin en ander cryptogeld. Zoals, de Bitcoin koersontwikkeling, actuele waarde & prijs van alle cryptocurrency die er maar te krijgen zijn. Blijft op de hoogte van Bitcoin nieuws. Ook vind je informatie over diens marktkapitalisatie. En, lees je een uitgebreide uitleg over wat cryptocurrency nou eigenlijk is. Dit alles in heldere taal uitgelegd en in het Nederlands.
Tot slot, leer je BTC Bitcoins kopen en verkopen (of ander cryptogeld), zodat je je (crypto)vermogen exponentieel laat groeien. Succes!


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