You may be new to the entire Crypto-Currencies concept! if so we recommend you to read the article ‘What-is-cryptocurrency‘ However you can use the following quick guide to learn about the easiest and fastest way to get Bitcoins and use them!

You can use the table of contents for fast navigation and We invite you to add your comments and record your rating!

Step 1: A Quick introduction to Bitcoin

Bitcoins has been operational since 2009 without any interruption. They are impossible to counterfeit or inflate and have been used to send/receive money at very low cost, with anyone, anywhere in the world. You can get bitcoins by accepting them as a payment for goods and services or by buying them from a friend or someone near you. You can also buy them directly from an exchange with your bank account.

A Bitcoin transactions must be confirmed at least once but preferably 6+ times before becoming validated. Ones validated they cannot be reversed or refunded. You should only deal with businesses or people you trust. All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address.

Step 2: How to get A Bitcoin Wallet?

You should make sure that you have a wallet to fund it with Bitcoin. There are several types available: mobile, desktop, and hybrid wallets.

Best Mobile Bitcoin Wallets

We have selected the most popular available apps for iPhone and Android:

Airbitz is another Bitcoin wallet integrated with Fold, meaning you can get 20% discount at Starbucks from within the wallet. It 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.

Breadwallet started out as the most popular wallet for iPhone, and now it is also available for Android devices. The simplicity and easy to use security makes it a great place to start for users who are new to bitcoin.

Best Bitcoin Software Wallets

If you want more control of your and do not depend on third-party services. You can download Bitcoin software wallets to your computer. Most of them require a day or so to download the whole blockchain (transaction history) before they are ready for use:

Armory is the most mature, secure and full featured Bitcoin wallet. Whether you are an individual storing $1,000 or institution storing a Million You are in complete control of Bitcoin private keys and can set up a secure-signing process.

Bitcoin Core is the “official” Bitcoin client and wallet, it a full node, meaning it helps verify and transmit other Bitcoin transactions across the network and stores a copy of the entire blockchain. This offers better privacy since Core doesn’t have to rely on data from external servers or other peers on the network.

Breadwallet started out as the most popular wallet for iPhone, and now it is also available for Android devices. The simplicity and easy to use security makes it a great place to start for users who are new to bitcoin.

Best Hybrid Bitcoin Wallets

Hybrid Bitcoin allow you to both control the private keys and have the easy of use of a web wallet.

Copay is a Bitcoin wallet created by Bitpay easy to use and available on multiple devices: iOS, Android, Linux, Max OS X, and Windows. It has a clear user interface, with shared account feature, which requires a certain number of users to sign transaction.

Best Bitcoin Hardware Wallets

Bitcoin hardware wallets are the most secure because they do not expose your private keys to the network.

Ledger Wallet A USB bitcoin hardware wallet with malware proof and smartcard security in a very compact package.

OPENDIME The Bitcoin Credit Stick: A USB bitcoin hardware wallet that is simple to use, tiny, tamper evident.

Best Bitcoin Web Wallets

Bitcoin web wallets are the easiest and most convenient to use but are potentially less secure than the above options because the private keys to your bitcoins are usually held by a third-party. There is a large number of security breaches where people have lost bitcoins, we do recommend to only use them with small amount of coins in order to spend or exchange them with other currencies but never for storing your bitcoin! A wallet like Copay used on mobile & desktop is easy to use across many devices and provides more security for your Bitcoins (more details in next page!).

Step 3: How to Get Bitcoin?

How to buy Bitcoins?

We have listed below some of the best exchanges. They all have been tested and offer a web wallet:

Coinbase is one of the world’s largest Bitcoin exchanges. Users in the United States, Canada, most of Europe, and Singapore can buy bitcoins with a connected bank account or SEPA transfer. They offer exchange betwee different currencies web wallets (Bitcoin, Ethereum and Litecoin).

SpectroCoin is an all-in-one trusted solution for Bitcoin with the ability to buy bitcoins using credit cards. They offer a debit card that you ca use to withdrawal your funds in addition of exchanging between different currencies wallets: Bitcoin, Ethereum, Dash, Gold, Euros and Dollars.

LocalBitcoins is an escrow service that helps match Bitcoin buyers and sellers.  Only Bitcoin wallet and no exchange available. They have a simple and fast guide to create your first Bitcoin Wallet: Click Here to watch the video it.

BlockChain is another good choice but up today they have only BTC and ETH exchangeable wallets (check here their FAQ).

Xapo is one of the industry-leading security companies for managing your bitcoins.

Kraken is one of the world’s largest Bitcoin exchanges and traders. Residents of Europe and UK can deposit and purchase bitcoins with same day SEPA transfer.

 

How to Earn Bitcoins?

The best way to get bitcoins is to offer a services or sell a product while giving your customers the option to pay you in bitcoin and you can do it as follow:

  • Sign up for a bitcoin merchant account: BitPay (Highly Recommended), ..
  • Get paid for jobs you can do: Jobs 4 Bitcoin , ..
  • Get free bitcoins that are provided by sponsors (We’ll develop a separate article)

What isBitcoin Mining?

Mining bitcoins is another way to get Bitcoins, it requires an investment in specialized hardware designed to process verification at high speed. It is important to point out that bitcoin mining is highly competitive and risky. 

You may want to leave it to professionals with Bitcoin cloud mining services (Subject of a separate article).

Please see our bitcoin mining guide (We’ll develop a separate article)

Step 4: How to Use Bitcoin?

Today Bitcoins can be used to purchase just about anything you want . Dental services, a brand new car, travel and even luxury real estate,.. We recommend to search below Bitcoin merchant directories to locate what you’re interested in. You can buy gift cards with bitcoin and shop easily at most of the stores you already use.

Bitcoin Merchant Directories

  • Airbitz – Find bitcoin friendly merchants near you and online
  • Open Bazaar – A decentralized marketplace
  • Coinmap – Find bitcoin friendly merchants near you
  • Purse.io – Get discounts greater than 20% on Amazon.com

One of the best things to buy with Bitcoin is a Bitcoin debit card (We’ll develop a separate article) which enables people to load a debit card with funds via bitcoins.

 

Additional materials that may help you: (Coming Soon)

  • What Is Cryptocurrency?
  • The Types Of Cryptocurrency Available
  • How To Open An Account To Invest
  • Strategies To Invest
  • How To Collect More Bitcoin
  • Why Buy Cryptocurrency?
  • Are There Any Drawbacks?
  • The Future Of Cryptocurrency

 

We hope this article helped you understand and get a clear idea about BITCOIN.

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Get Started with BITCOIN
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4 thoughts on “Get Started with BITCOIN

  • October 24, 2017 at 11:50 am
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    Rabie can you tell me how is it not possible to have complete indentifying my self in coinbase , Algerian passport is not accepted.
    I got message that application not available for Algeria yet, knowing that coinbase detect automatically the country by IP of the computer and mobile ?

    • November 2, 2017 at 11:08 am
      Permalink

      Brahim

      Create a wallet in Coinbase is free and you have the ability to receive and store bitcoin, secure your funds with 2-factor authentication, create recurring payments, manage paper wallets, and even send bitcoin to email addresses.
      and transfers of bitcoins in/out from your wallet is allowed for all members, but
      At this time, the only way to purchase bitcoin on Coinbase is by connecting a US or European bank account.
      You must be a resident or citizen in the same country as the bank account you use with Coinbase.
      They are working to expand these options in the near future!
      You can view an updated list of fully supported countries here https://www.coinbase.com/global,
      and sign up to be notified when they launch a new country.

      I hope that helps. Please let me know if you need further assistance.

  • October 22, 2017 at 11:46 am
    Permalink

    Hi, Rabie this is a very nice and successful starting I wish all the best success and improvement in the future.
    What about Kraken website of online crypto currencies deal and wallet…

    • October 22, 2017 at 1:00 pm
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      Thank you Brahim
      As for securing your fund this will be the subject of my next blog but you still need to use web wallets for transactions
      The tip is to transfer maximum of your fund to offline wallets (Should be explained in next blog) and
      keep minimum coins that you can afford to lose just in case.

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