How to get started with Bitcoin or Bitcoin Cash

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Here are three steps to help you get started using Bitcoin Cash right now:

 Step 1: Download a bitcoin wallet

A Bitcoin wallet is an app or program that allows you send and receive BCH. Wallets also keep track of your BTC balance which is held in one or more bitcoin addresses. Generally, wallets also have a feature that keeps a history of your Bitcoin Cash transactions. There are many different wallets across various platforms. While they all share certain basic functionality, features vary from one wallet to the other so it’s worth learning more about How to Choose a Bitcoin Wallet before downloading the wallet of your choice.

Step 2: Add Bitcoin or Bitcoin Cash to your wallet

Now that you have a wallet, you probably want to add some bitcoin to your balance. Have your Bitcoin or Bitcoin Cash wallet address ready and visit the buy Bitcoin page. Here, you will be able to easily purchase bitcoins with a credit card. You can also buy BCH and BTC right from the wallet mobile app.

Another option is to choose a Bitcoin Exchange where you can quickly set up an account and buy bitcoins with funds from a bank account or credit card. Keep your private key(s) private and never share with anyone. It is very important to backup your wallet’s private key and any other credentials for offline storage. Failing to backup could result in the loss of your Bitcoin holdings if you should ever lose the device on which the wallet is installed.

Step 3: Use a bitcoin wallet to send and receive bitcoins

Receiving bitcoins is as easy as giving the sender your public address. Sending bitcoin requires a few more steps and since bitcoin transactions are irreversible, it is important to pay attention when sending. Overall, the process for sending bitcoin is actually quite easy:

  1. Copy the receiver’s public Bitcoin address (or scan QR code)
  2. Open your wallet and navigate to its “Send” feature,  paste the receiver’s address into the appropriate field
  3. Specify the amount you want to send
  4. Confirm that the address and amount are both correct
  5. Send

Bitcoin Cash is accepted by thousands of individuals plus many websites, and brick-and-mortar businesses around the world.

Best Practices for new bitcoin users

Congratulations! You have bought your first BTC and know the basics of receiving and sending—you are now a full-fledged Bitcoiner! You have the basics but there is always more to learn. Bitcoin is a tool that is only as useful as your ability to hold and spend it properly. Here are some best practices for new BTC users to read and learn:

The above steps are just the basics. Bitcoin and it's blockchain technology on which it relies are robust solutions to payment obstacles all over the world. It's important to have a solid understanding of how to receive, store and spend your bitcoins.

3 ways to learn more about bitcoins:

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