The best way to understand about bitcoin, is to jump in and get several in your "pocket" to get a feel for how they work.

Despite the hype about how difficult and dangerous it can be, getting bitcoins is a lot easier and safer than you may think. In a lot of ways, it is probably easier than opening an account at a normal bank. And, given what has been happening in the bank operating system, it is probably safer too.

There are a few things to learn: getting and utilizing a software wallet, learning how to receive and send money, learning how exactly to buy bitcoin from the person or an exchange.

Preparation

Before getting started, you will need to get yourself a wallet. You can certainly do this easily enough by registering with among the exchanges that may host wallet for you personally. And, although I think you will want to have a number of exchange wallets eventually, you should start with one on your own computer both to have a better feel for bitcoin and as the exchanges remain experimental themselves. When we get to that stage of the discussion, I am advising that you get in the habit of moving your money and coins off the exchanges or diversifying across exchanges to keep your money safe.

What is a wallet?

It is a solution to store your bitcoins. Specifically, it really is software that has been made to store bitcoin. It might be run on your desktop computer, laptop, mobile device (except, as yet, Apple) and can also be made to store bitcoins on things such as thumb drives. Should you be concerned about being hacked, then that is a good option. Even the Winklevoss* twins, who've millions invested in bitcoin, put their investment on hard disks which they then placed into a safety deposit box.

*The Winklevoss twins will be the ones who originally had the theory for a social media site that became Facebook. They hired Mark Zuckerberg who took their idea as his own and became immensely rich.

What do you have to know about having a bitcoin wallet on your pc?

Below you can download the original bitcoin wallet, or client, in Windows or Mac format. These are not just wallets, but are in fact part of the bitcoin network. They will receive, store, and send your bitcoins. It is possible to create a number of addresses with a click (an address is really a number that appears like this: 1LyFcQatbg4BvT9gGTz6VdqqHKpPn5QBuk). You will notice a field where one can copy and paste a number like this from the person you wish to send money to and off it'll go directly into that person's wallet. You can even create a QR code that may let someone have a picture with an app on the phone and send you some bitcoin. It really is perfectly safe to provide these out - the address and QR code are both for my donations page. Feel free to donate!

NOTE: This type of wallet acts both as a wallet for you personally and as section of the bitcoin system. The reason bitcoin works is that every transaction is broadcast and recorded as a number over the entire system (meaning that every transaction is confirmed and made irreversible by the network itself). Any computer with the proper software can be part of that system, checking and supporting the network. This wallet serves as your personal wallet and also as a support for that system. Therefore, be aware that it will require up 8-9 gigabytes of your computer's memory. After you install the wallet, it will take as much as each day for the wallet to sync with the network. This is normal, does not harm your computer, and makes the system all together more secure, so it's advisable.

Bitcoin Qt

The original wallet.
This is the full-featured wallet: create multiple addresses to get bitcoins, send bitcoins easily, track transactions, and back up your wallet.
Outside of the time it requires to sync, this is a very easy to use option.
report a crypto scammer Seek out Bitcoin Qt wallet download to get their site.
Armory

Runs along with Bitcoi Qt, so it has each of the same syncing requirements.
Armory allows you to back up, encrypt, and the ability to store your bitcoins off line.
Search for Bitcoin Armory Wallet to find their site.
If you don't want to have that much memory used or don't want to await your wallet to sync, you can find good wallets that do not make you sync the complete history of bitcocin:

Multibit

A lightweight wallet that syncs quickly. This is good for new users.
Search for Bitcoin Multibit Wallet to get their site.
Electum

In addition to being quick and light, this wallet permits you to recover lost data utilizing a passcode.
Search for Bitcoin Electum Wallet to get their site.
After you get the wallet set up, take a few minutes clicking around. Things to look for:

o There will be a full page that shows you just how many bitcoins are currently in your wallet. Remember that bitcoins can be split up into smaller pieces, so you may see a decimal with plenty of zeros after it. (Interesting note, 0.00000001 is one Satoshi, named following the pseudonymous creator of bitcoin).