No wonder bitcoin seems like something very confusing at the first sight. But this embarrassment is definitely not a reason to refuse from using it. This brief tutorial has been written on purpose to clear up and sort out everything for you:
1. Bitcoin Wallets
You can choose between a number of different bitcoin wallets: cloud based and downloadable ones. Though their functions are the same, benefits and disadvantages of each wallet differ greatly. You can find them specified below for the top bitcoin wallets we suggest to use currently:
Cloud wallets are considered to be the most user-friendly and convenient. Nonetheless, if you store your bitcoins in the cloud, you take certain risks handling your money to a BTC holder. Therefore, make sure you have chosen a reliable service. We recommend the following cloud wallets:
Here we provide step by step instructions on how to create a Bitcoin cloud wallet at Blockchain:
Check the guide for Greenaddress Bitcoin wallet:
Software wallets require downloading and installation to run them further from your computer. They are considered to be more safe as you are the only one to have overall control over them, though another kind of risks remains. Our preference between downloadable wallets goes to:
2. Buy and Sell Bitcoins
Here are some other options to help you purchase bitcoins:
You have many options of how to acquire bitcoins. Direct purchase through any credible BTC exchange (such as bitstamp.net) is the easiest one. USD, EUR and GBP are commonly accepted currencies. We may also suggest some optional variants:
- LocalBitcoins.com - here you can find nearby people who are willing to trade bitcoins in private.
- How To Buy Bitcoins - look for local and most trusted BTC exchanges here.
3. How To Make Purchases Using Bitcoins
Bitcoin transactions are easy as ABC; when purchasing from a website or store that accepts bitcoin, you will get an ‘address’ to forward your bitcoins to. Just open your wallet and transfer the required amount to the address provided.
In common transactions are split-second, but they can take up to a few hours to finish processing.
To make a deposit in your BTC Casino account, just send a preferable amount to the address given in your “Cashier” section on the “Deposit” tab - just several clicks.