How to Create a Bitcoin Account?

Posted by Katy Mixon on February 3rd, 2020

You can't keep your secrets in a bank but sure you can have a secret bank that secures the key to your success.

Don't know what we are talking about?

The one and only, epic virtual wallet, Bitcoin.

The concept can be hard to understand at first, but you will get used to it.

Especially, after you go through this blog.

Well, the most common query of people who are familiar with or want to get familiar with the concept is - How to create a Bitcoin account?

Trust me, it's way too simple.

Simpler than you learn to ride a bike. For once, because you are not going to fall and secondly because you are going to crack it in a single attempt for sure!

Just read this blog down to the end.

Your Options Laid Down

A wallet is just like a bank account. But instead of paper money, you store virtual money in it. Wherefrom, you can send and receive Bitcoins too.

There are mainly two types of Bitcoin wallets:

· A web wallet

· A software wallet

Which one must you choose is subject to your own needs and requirements.

Web Wallet VS Software Wallet

You need to understand the basics first before you jump into making a big investment and then crash and burn eventually.

Understanding the Web Wallets

Web-based wallets are controlled by an admin group that stores your private keys on a server.

It is a popular choice among suitors since it can be accessed from anywhere. But since the website is in charge of your keys, Bitcoins can be withdrawn without your consent.

The security breaches from the past are what make anyone double-think about this mode of wallets.

Understanding the Software Wallets

This is the original Bitcoin wallet. And although there are different types of software wallets available, here you are in complete control of your coins' security.

The only difficult part here is the installation and maintenance of the wallet.

Download the Original

Bitcoin Core is the best, despite all the scrutiny it has faced over the years.

You can visit the Bitcoin's website (bitcoin.org) and get it.

Once you install it, the Bitcoin client will establish a network and start downloading the Bitcoin Blockchain.

All you need is some blocks in the chain before you start receiving or sending virtual money.

This program works on all types of servers like Linux, PC, and Mac.

Quick and Easy Steps to Create the Wallet

Step#1 - Download the App

Go to the app store or play store and download the Bitcoin.com Wallet app for your iOS or Andriod device for free.

Step#2 - Pick your Wallet

With so many options available, choose the one that matches your business needs. You can easily do that by following the real-time instructions.

Step#3 - Add your First Bitcoin

You can buy it in-app or on an exchange easily.

Step#4 - Ready, Set, Go!

You are now more than ready to send, receive, trade or spend your Bitcoins.

Conclusion

If you are still confused about the steps and wanna know how to start a Bitcoin wallet,you can surely call our customer support number any time of the day.

In this blog, we learned about different types of wallets available and how you can effectively start working with them with some easy steps.

One thing you should definitely know about Bitcoin transactions is that they are irreversible. The security measures must be given the greatest importance since it's your money we are talking about here.

It is still advised to go through the basics of the virtual currency, wallets, exchange and then learn about how to create a Bitcoin wallet.

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Katy Mixon

About the Author

Katy Mixon
Joined: February 3rd, 2020
Articles Posted: 1