Hello there! If you’ve heard about bitcoin and are curious about how to get started, you’re in the right place.
Bitcoin might seem complex at first, but it’s quite easy to use once you get the hang of it.
Think of this guide as your friendly walk-through into the world of bitcoin. Ready to dive in? Let’s go!
What is bitcoin?
Bitcoin is like a virtual currency that can be used to make payments to anyone anywhere in the world. It’s not controlled by any governments, companies, or other organizations. There are no central servers to hack or attack.
Bitcoin was invented in 2009 by an unknown person (or group of people) using the name “Satoshi Nakamoto”. It was the first digital currency of its kind and is now the most popular crypto currency in the world.
Anyone can use bitcoin. You don’t need to get permission or approval (like for a bank account) and your transactions are always private. You can get bitcoin for as little as $10 with an Azteco bitcoin voucher and store it in a wallet app on your phone.
How can I use bitcoin?
You can use bitcoin in so many different ways.
Some people use bitcoin to spend a little bit here and there on everyday things. For example, you can use bitcoin to buy games, electronics, theater tickets, flights, and much more. In some countries, you can also use bitcoin to buy your groceries.
Some people use bitcoin to save a little bit for their future. For example, maybe you’re planning to go to college, buy a car, or travel around the world. Bitcoin is a great way to save for your personal goals and you can buy bitcoin for as little as $10 at a time if you’re using an Azteco bitcoin voucher.
Some people use bitcoin to send a little bit to family and friends. For example, if you want to send funds to someone on the other side of the world, it can be very expensive and slow to use a wire transfer or a remittance company. Bitcoin can be sent instantly to anyone with a bitcoin wallet app and there are virtually no fees.
Some people also use bitcoin as an investment, hoping that its value will increase over time like a rare Pokemon card. It’s true that bitcoin’s value has increased over time (and probably will continue to increase) but you should always be careful of people promising “get rich quick” schemes.
There’s no right or wrong way to use bitcoin. The choice is yours.
Why should I use bitcoin?
There are lots of reasons you could use bitcoin.
Some people use bitcoin because they’re not able to open a bank account. However, if you’ve got a bitcoin wallet app on your phone, you don’t need a bank account to make or receive online payments.
Some people use bitcoin because it’s a quick, private, and inexpensive way to send money to anyone anywhere in the world. If you’re tired of using expensive bank transfers or remittance companies, try sending bitcoin to family and friends using a bitcoin wallet app.
Some people use bitcoin because they don’t want to keep their savings in a currency that’s controlled by government economic policies. Unfortunately, there are many countries with sky-high inflation and unreliable governments, so bitcoin is a great alternative for personal savings.
Is bitcoin safe?
Yes, bitcoin is safe if you take care.
First, you should always use a reputable bitcoin wallet to manage your bitcoin (more on that in a minute). You should also keep your passwords and recovery keys private at all times.
Second, you should avoid using bitcoin as a speculative, short-term investment. Remember that the value of shares, currencies, and bitcoin all go up and down over time. Also, be wary of people promising “get rich quick” schemes involving bitcoin or cryptocurrencies.
How do I manage my bitcoin?
You manage your bitcoin using a bitcoin wallet. These are apps or devices that allow you to send and receive bitcoin.
Bitcoin wallets don’t actually store your bitcoin. They store the secret keys that are used to authorize your bitcoin transfers.
Bitcoin wallet security is essential. If someone gets access to your wallet, they could copy your secret keys and use them to steal your bitcoin.
If you’re looking for a bitcoin wallet app that’s easy to use but safe, try Wallet of Satoshi, Muun, Breez, or Bitkey
How do I send or receive bitcoin?
Your bitcoin wallet will allow you to send and receive bitcoin.
Bitcoin wallets generate a unique “bitcoin address” (sometimes called a “public key”). This works in a similar way to an email address but you use it to receive bitcoin instead of emails. The bitcoin address might be a long sequence of characters or it might be a QR code.
To send bitcoin, you’ll need a bitcoin address (or a QR code) from the person that you’re sending the bitcoin to. You enter their bitcoin address into your wallet app (or scan the QR code), confirm the amount you want to send, and it’s done.
To receive bitcoin, you’ll need to share your bitcoin address (or a QR code) with the person that’s sending you the bitcoin. They will enter this bitcoin address into their wallet app (or scan the QR code), confirm the amount they want to send, and it’s done.
Which bitcoin wallet should I use?
There are many different bitcoin wallets available but some of the most popular ones are:
- Wallet of Satoshi
- Breez
- Bitkey
It’s worth trying a few different bitcoin wallet apps to see which one works best for you in terms of security and ease of use.
Remember: bitcoin wallet security is essential. If someone gets access to your wallet, they could steal your bitcoin.
How do I get bitcoin?
Most people think that they need to buy bitcoin from an exchange or mine it themselves using expensive equipment. But there are many easier options available today.
For example, Azteco bitcoin vouchers work like digital gift cards or prepaid vouchers.
How does bitcoin actually work?
How does the internet work? How does a car work? How does electricity work? How does the traditional banking system work?
These are all great questions but you don’t need to know the answers to browse the web, drive a car, turn on the lights in your home, or pay with a debit card.
For those who are more curious about the underlying technology, bitcoin runs on a blockchain, which is a kind of digital ledger that records all transactions made with bitcoin. This blockchain is maintained by a network of computers that validate and secure transactions (sometimes called “bitcoin mining”). Each transaction is transparent and verified, making fraud and double spending impossible.
How do I get started with bitcoin?
Here’s how to get started with bitcoin in just a few minutes:
- Step 1 : Download a bitcoin wallet app. For example, Wallet of Satoshi, Muun, or Breez.
- Step 2 : Buy an Azteco bitcoin voucher on G2A. They’re available in over 190 countries for as little as $10.
- Step 3 : Redeem your Azteco voucher to receive your bitcoin in your wallet.
Everyone’s a beginner at some point in their lives
And there you have it: the beginner’s guide to using bitcoin.
If you’re new to bitcoin, then congratulations on trying something new! We’re all beginners at some point in our lives, so never worry about asking questions about anything related to bitcoin.
And if you’ve been using bitcoin for some time, then remember to keep your answers simple when talking to beginners. It’s more important that they know how to use bitcoin safely than they know how bitcoin works technically!