How to get started with Bitcoin

You want to use Bitcoin but don’t know how? Before you start you should make sure you understand how bitcoin works. Never use Bitcoin if you don’t feel you really know what you are doing!

Get our starter course to learn the basics.

Once you are ready to start using Bitcoin, the first thing you need is a Bitcoin wallet. Some people prefer to use a “custodial” wallet. That means, they don’t control their Bitcoins fully but instead let a third party safeguard the account. Such third parties could be bitcoin exchanges such as Kraken or Bitstamp or other hosted wallet services. The upside is that the account can always be restored if a password is lost. The downside is that users never fully control their Bitcoins and the third party can get hacked or lose user funds.

 

If you want to control your Bitcoin yourself, then you need to make a proper backup of your private key. Without a backup you are running the risk of loosing all your funds on the wallet.

Watch the video below to get started setting up a mobile wallet.

Further resources to get started listed below:

Start Using Bitcoin

www.startusingbitcoin.com

Bitcoin Privacy

www.en.bitcoinwiki.org/wiki/Privacy

 

The best Bitcoin Wallets

 

What are the best Bitcoin wallets?

Setting up wallets and running a node

www.lopp.net/bitcoin-information

Bitcoin Resources

www.bitcoin-resources.com