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Introduction into Bitcoin for newcomers

posted July 8, 2019 @ Quick start in Crypto

Are you a beginner at bitcoin community or just curious, what's it all about? Let us explain what is Bitcoin, where to get some and how to get started using it’s amazing features.

What is Bitcoin?

Bitcoin is a new kind of money – «digital cash», available to each and everyone, like the Internet itself. It’s an innovative payment network, the first decentralized digital currency (there is no central authority that governs the issuance of Bitcoin) established in 2009. It is comprised of well-established Internet technologies such as peer-to-peer networking, encryption, and digital signatures to enable global money transfers.

Bitcoin has a number of advantages over existing forms of money – it has the lowest fees, it’s free from anyone’s control and regulation; there are no limits and no borders. All transactions are recorded on the transparent public ledger (the Blockchain), there is no way to dispute or reverse the transaction once it was made. Bitcoin operates on free, open-source software on any computer or smartphone. You can read more about Bitcoin at the WeUseCoins website.

OK, I want to get into Bitcoin, now what?

Although it may seem a bit hard to start using bitcoins, lots of people are entering the Bitcoin space because they have heard about its various advantages. With bitcoins, you can buy every possible good (or service) from a cup of coffee or mobile top up to a ticket to space or luxury real estate. And the best thing is that it would often be significantly cheaper (merchants have way lower processing expenses, accepting bitcoins) comparing with other forms of payment.

The number of merchants worldwide, accepting bitcoin, already has six figures, and hundreds of new ones are joining every day. As a consumer, you will love Bitcoin for its convenience – it has never been easier to send money. Whether you are just tipping a helpful person in a forum, donating to a worthy cause, or purchasing a product or service, your money will arrive instantly (and would be confirmed by the network in minutes).

Just two simple steps are required to start using the Bitcoin, enjoying the freedom and amazing possibilities it provides: choosing a wallet, and… yes, getting some Bitcoins (BTC)

Getting started with a Bitcoin client (website, software, or app)

The first thing you’ll need is a Bitcoin client or "wallet" application. Bitcoin Client is a software, which stores your Bitcoins and provides you bitcoin addresses and it can be web service (i.e. website), software or application for Windows PC, Apple or Android and other platforms.

We can recommend you use Blockchain Wallet, free online bitcoin wallet with an easy, user-friendly interface. It would take no more than a couple of minutes to register one and the features (and most important, security) are truly amazing!

How to buy bitcoin instantly with your credit/debit card, bank account or cash

Now that you have a wallet, would you like to buy your first Bitcoins? The best way to buy bitcoin easily, safely and instantly is to find an exchange @ ExchangeRates.Pro! Buying Bitcoins with our help is the same easy as to order something at your favorite e-store – just try it once and you'd love it!

Based on your location and preferences, you will be offered a number of ways to pay: credit/debit cards, bank transfers, and cash. We offer local payment options in 255 countries: there are 571 banks and payment systems supported with possibility to pay in 153 fiat currencies! There might be a need to verify your identity at some of the exchanges, but you always can use "only anonymous exchange" filter if you wish to.

Our user-friendly website with detailed instructions of every step you should make, allows any person utilizing the Internet even at the beginner level to use the service. Just create your first order with ExchangeRates.Pro now and see how safe, quick and convenient we are!

I bought bitcoin, so what’s next?

Feel free to start by sending BTC to someone! Spread some love and spend some coins; there are a lot of cool websites where you can order any good/service, or just participate in donating/tipping, trading, games, gambling/betting, lending, auctions, etc., etc. Bitcoin can buy you anything "good old paper money" can buy, and even more. It can become your investment into the future or your fun for today, it’s up to you!

Some recommended (and trusted by the community) websites/apps where you can know more about Cryptocurrencies or spend your bitcoins for something worthy are: be continued!

Spread the word about Bitcoin sharing the article with your friends, family, colleagues. You may even earn some coins (doing the good thing for all, what can be better?) participating in our promotions and bonuses (just follow the updates!). Step into the bright future of Bitcoin and Digital Currencies and let us, the ExchangeRates.Pro team, be your guide in this amazing world!

While this beginner’s guide is by no means comprehensive, we hope it has been helpful in determining what path you would like to take next in your upcoming Bitcoin adventures. If you have any questions, you can find the answer in our Guides and our representatives will be glad to assist you with anything!

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