Bitcoin is the most universally accepted crypto-currency in the world today. With a growth rate in value of over 70,000% from 2009 to 2016, you will agree with me that this is a revolutionary system. Dear reader, if you had $100 worth of Bitcoin in October, 2009, you would have been $75Million dollar richer today!
Although it is not mandatory that you must have a Bitcoin account, but for the purpose of this course it is important to open and fund a Bitcoin wallet which will serve as your personal account for receiving and making payments. In the next chapter, I will show you how to create a Bitcoin wallet, kindly flip over.
How To Create A Bitcoin Wallet
There are several providers of Bitcoin Wallets which include; https://bitcoin.org, https://multibit.org, https://electrum.org, https://www.hivewallet.com, https://blockchain.info etc
However, based on their innovation and track record in the industry and as recommended by Zarfund, we shall be using https://blockchain.info .
The following steps will show you how to create a Bitcoin Wallet in less than 5Minuites from BlockChainDotInfo.
Visit “https://www.blockchain.info/wallet” or copy, paste and enter on your browser, then click on Create “A Free Bitcoin Wallet” as shown below.
Enter your email and password, accept the terms of service then click on Continue
Check your email for your Wallet ID and email verification link, click on the verification link to confirm your account.
Congrats! Welcome to the world of new money, you now have a Bitcoin Wallet. Ensure you save your Wallet ID and Password somewhere secure and which you can easily access.
How To Fund Your Bitcoin Wallet
After creating a Bitcoin Wallet, another challenge you might encounter is how to fund it, don’t worry just read through.
Just like the conventional Bureau de Change, there are also numerous companies that trade in Digital Money such as Paypal, Payza, AlertPay, Stepcoins, Skrill, Bitcoins etc. These companies are usually referred to as “E-currency Exchangers”. You can google search for the ones closer to you.
Or visit my personal favorite localbitcoins.com register and start buying or selling if you wish
NB: I am not affiliated with any of the above portals; hence you accept that transaction with them is at your discretion and risk.
Login to your Bitcoin Wallet, using your Wallet ID and Password; from “https://www.blockchain.info/wallet”.
Then Click on “Receive” to generate a receive address
Copy and save the long generated string of code, this is the address you will send to your exchanger for funding. Click on done
Visit the website of the mentioned exchanger to purchase your Bitcoin, you can contact them for further assistance.
NB: Leave a coment below if you need any assistance
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