How to Buy Bitcoin and store BTC in wallet

Step 1 – Get a wallet

There are many wallets to choose from and here are our recommendations: Web Wallets – Web wallets are the easiest & most convenient to use, but are potentially less secure than wallet software run on your own computer. Software Wallets – Software wallets are downloaded and run from your computer. They’re considered more secure because the user has more control and doesn’t depend on a 3rd party service. Most software wallets require nearly a full day constructing a local copy of the blockchain before use. Mobile Phone Wallets – iphone & Android apps are available. Hardware Wallets – Hardware wallets are the most secure because they don’t expose your private keys to the network.

Step 2 – Get Bitcoins

Purchasing Bitcoins – Although it’s not yet easy to buy bitcoins, it’s getting simpler every day. Here are our recommendations: Earn Bitcoins – Many people find that the best way to get bitcoins is to accept them as payment for the products or services they already sell. Just give your customers the option to pay in bitcoin. To make it easy, you may want to sign up for a bitcoin merchant account which allows you to send invoices and integrate bitcoin payments into your online order pages for most of the popular shopping cart systems. Mining Bitcoins – Mining bitcoins requires an investment in specialized bitcoin mining hardware designed to process double round sha256 hash verifications at high speed. Many excellent systems are available. It’s important to point out that bitcoin mining is highly competitive and risky for would be participants. Please see our bitcoin mining page for more detail. The manufacturers who have successfuly shipped bitcoin mining hardware in volume are:

Step 3 – What can I do with my bitcoins?

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 searching the merchant directories below to locate the merchants you’re interested in. You can buy gift cards with bitcoin and spend them in most of the stores you already use. Merchant directories Gift Cards – Available from Gyft.com and spendable at: Bitcoin Store – Buy everything with Bitcoin Charity

Step 4 – Keeping up to date with bitcoin

Here are some good places to keep up with bitcoin news and discussion: