Having the right Bitcoin wallet is absolutely fundamental to getting involved in Bitcoin. Without one, you can’t send your purchased Bitcoins to a Bitcoin address. In which case, you can’t buy Bitcoin. A Bitcoin address is like a bank account, except you hold the keys to that account, whether on your phone, on your desktop or on a hardware wallet. We talked before about the important factors in choosing a wallet. In this post, I’m going to tell you about the three best Bitcoin wallets and these are the three that I use personally myself. I actively use three wallets. This is because I don’t want to put all of my eggs in one basket. I don’t want to have all my coins in one wallet in case something goes wrong with that wallet and I end up losing all of my coins in one go. If that wallet was …[Read More]
Electrum
How I bought my very first bitcoins (for complete beginners)
The recent cyberhacks got me thinking about bitcoin. I also saw an old article on the brilliant Sprezzaturian website by Mikael Syding where he outlines becoming expert in a hot topic and consulting on that newfound knowledge (in this example, Bitcoin and Blockchain). I watched a few videos on what Bitcoin and Blockchain are: I looked at the price and historic prices were for Bitcoin: My usual self would have ploughed into this kind of hockey stick action. Luckily for me, it’s not that easy to buy the underlying assets. Let’s look at how to buy bitcoins. Bitcoin Wallet You need a Bitcoin wallet in which to store your Bitcoins. I looked on Google for best Bitcoin wallet and came to articles by 99 Bitcoin. This is a good website which recommended Coinbase. I checked out Coinbase and Xapo and leant towards Coinbase because it was an exchange (where I …[Read More]