Vanitygen Bitcoin - Custom BTC Address, Generator

Retrieving a bitcoin wallet

Hi all,

I recently discovered the private keys for a bitcoin wallet that I had lost the password to when it was created in my ex-bitcoin wallet.

If I have the bitcoin wallet address and the private keys, can I retrieve the bitcoin stored on the blockchain using a new wallet, from, for example, Mycelium?
submitted by redmage123 to Bitcoin [link] [comments]

Bitcoin champion official

Bitcoin champion official
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Searching for a Bitcoin Buying Guide? Pondering where to begin? Individuals have a ton of misinterpretations about bitcoin - the absolute first generally known and acknowledged digital money around the world.
https://preview.redd.it/8i4q0vbud1u51.jpg?width=1193&format=pjpg&auto=webp&s=400b5fcc3f8cfc424fdc3a03bf2e40c3950e9b9f
Many individuals think for instance that lone programmers and obscure individuals use it. Anyway bitcoin is really going standard with everybody from TigerDirect to o Dell and even Subway tolerating installments in bitcoin now.
Indeed, bitcoin has a ton of advantages over different monetary standards. For instance, you can send bitcoins to somebody as installment without experiencing the bank broker (and get hit with additional expenses). It's likewise a lot quicker than sending cash through a bank wire or move. You can send bitcoins to somebody and make them get the coins like a flash. B
With the entirety of this present, it's nothing unexpected that numerous individuals are currently attempting to purchase bitcoin unexpectedly. Anyway it's not as simple as setting off to your bank and pulling back bitcoins - or heading off to a store and plunking down some well deserved money for

The framework works a piece uniquely in contrast to that. This Bitcoin Buying Guide will go over a couple of things you have to know before you purchase - so you can purchase securely and safely.

Above all else, while the cost may be over $2000 us per coin, you don't need to purchase a whole bitcoin. Most places will let you purchase parts of a bitcoin for as meager as $20. So you can begin little and go from that point as you get more OK with the manner in which things work.
Besides, this article is for general purposes just and not to be taken as money related exhortation. Bitcoin can be hazardous and before making any buy you ought to talk with your money related guide to check whether it's appropriate for you.
The primary activity before you purchase your coins is to get a virtual wallet to store your coins. This wallet is a line of text that individuals can use to send you bitcoins.

There are various kinds of wallets including ones you download to your telephone or PC, online wallets and even disconnected, cold stockpiling wallets.

A great many people want to get a wallet on their telephone or PC. Mainstream wallets incorporate Blockchain, Armory, Bitgo MyCelium and Xapo.
Generally it's as basic as downloading the wallet to your telephone as an application or downloading the product to your PC from the wallet's principle site.
There are a few kinds of spots to purchase and every one is somewhat unique. There are online merchants that will sell you bitcoins straightforwardly for money (or bank wire or charge card).
There are trades where you can purchase and sell bitcoins from others - like a securities exchange. There are likewise nearby trades that connect you up with venders in your general vicinity hoping to sell. Bitcoin champion
There are additionally ATMs where you go to buy with money and get your coins conveyed to your wallet in minutes.
Each bitcoin merchant has their advantages and downsides. For instance ATMs are extraordinary for security, however they'll energize you to 20% on head of the current value, which is absurd. (On a BTC cost of $2000, that $400! So you're paying $2400 rather than $2000).
https://preview.redd.it/6vfnhrlvd1u51.jpg?width=2560&format=pjpg&auto=webp&s=f00d6b2c52ba69f5f10bf22273a8eff3298b1ba8
Regardless of where you choose to purchase, make sure to do your exploration and go with a believed merchant with a decent notoriety and solid client support. First time purchasers will particularly have questions and may require the additional help to assist them with their first exchange.
Take as much time as necessary and examination the better places to purchase before you choose. Elements to consider incorporate coin costs, additional charges, strategy for installment and client assistance.
Whenever you've discovered a spot to purchase, prepare your assets (for example you may send a wire move or utilize your Visa to finance your record). At that point sit tight at a decent cost. (Bitcoin costs are continually fluctuating 24 hours, 7 days every week). At that point put in your request when you're prepared.
When your request is filled and you have your coins, you'll need to send them to your wallet. Just enter your bitcoin address and get the vender to send you your bitcoins. You should see them appear in your wallet inside minutes to 60 minutes (contingent upon how quick the vender sends them out).
Presto, you are presently a bitcoin proprietor. You would now be able to send coins to pay for different merchandise and enterprises, or hold tight to them for a blustery.
https://preview.redd.it/5a9jjoxmd1u51.png?width=333&format=png&auto=webp&s=04e1d18d92c6d4a5fc7d192703b02ba29748940a
submitted by Bitcoinchampionorder to u/Bitcoinchampionorder [link] [comments]

Bitcoin for Kids - A HowTo via CashApp

Non-KYC options are listed below, but assuming you have a willing parent or guardian, here's an example of how that would work for a minor in the US via CashApp. Ensure your upfront with the parent or guardian as to what your doing.
  1. Get a summer job with some source of direct deposit income.
  2. Ask your legal guardian to help you open a "Youth Spending" checking account also called UTMA.
  3. Ask for a debit card attached to the account.
  4. Have your summer job paychecks direct deposited to the account.
  5. Download the CashApp and link it to your phone number AND email.
  6. Link the CashApp to your Youth Spending Debit card and checking account.
  7. Attempt to transfer $25 from your debit card into your CashApp, assuming you have the money.
  8. Ask your guardian to fill in their SSN when prompted.
  9. Attempt to buy $20 in stock, ask your guardian to answer the questions.
  10. Go to the Bitcoin section and click to enable bitcoin deposit and withdraw.
  11. Ask your guardian to scan their license and take a selfie.
You can also apply for a CashCard which you can add to Google Pay, Android Pay, Garmin Pay, or whatever. Once all the verification are done (a day or two) you will be able to buy and sell US stocks and bitcoin in the app for a 2% fee. For all of these steps, questions about identity, name and address should all be answered as the guardian, not the minor. So the account name is in the name "Adult Smith" not "Minor Smith". Same with SSN and ID checks. You can choose to put your name on the face of the CashCard and Debit Card since this carries no legal weight. The accounts are all still legally in your parent's or guardian's name.
For even lower fees you could ask your parents or guardians to KYC through Binance, Kraken, Gemini or Coinbase to link your checking account to a real exchange.
For those with guardians or parents that would not agree to KYC for you, here are some non-KYC options, though the fees are much (much) higher than 2%.
Please remember that bitcon is easy to steal. Since minor's have limited standing in US courts, most exchanges don't want to deal with them. If you proceed there is a 100% chance that someone will try to scam you. Make sure you catch every scammer you encounter, or you will go broke fast.
Source: Bitcoin for Kids
submitted by brianddk to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
Some great introductions for new users are My first bitcoin, Bitcoin explained and ELI5 Bitcoin. Also, the following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
Also have to give mention to Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute. Bitcoin statistics can be found here, here and here. Developer resources can be found here, here and here. Peer-reviewed research papers can be found here. Potential upcoming protocol improvements here. Scaling resources here. The number of times Bitcoin was declared dead by the media can be found here (LOL!), and of course Satoshi Nakamoto's whitepaper that started it all! :)
Key properties of bitcoin

Where can I buy bitcoins?

Bitcoin.org, BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Gemini Bitstamp LocalBitcoins
Bitstamp Bitit Mycelium LocalTrader
BitFinex Cex.io LibertyX
Cex.io CoinMama WallofCoins
Xapo Spectrocoin BitcoinOTC
Kraken Luno BitQuick
itBit
HitBTC
Bitit
Bisq (decentralized)
Luno
Spectrocoin
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Samouari BreadWallet Electrum
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for some good options, some of the more commons ones are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, Overstock, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Hyphen.to, Coinsfer, More #1, #2 Bill payment
Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Streamium.io, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream, Rootstock and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Bitcoin Acquiring Guide - Easy 3-Step Overview to Purchasing Your Initial Bitcoin | knaken

Looking for a Bitcoin Purchasing Guide? Wondering where to start? People have a lot of misunderstandings about bitcoin - the really first widely recognized and also accepted cryptocurrency worldwide.
bitcoin kaufen und senden
A great deal of people believe as an example that just cyberpunks and also dubious individuals use it. Nevertheless bitcoin is in fact going mainstream with everybody from TigerDirect to Expedia.com to Dell and also Train accepting repayments in bitcoin currently.
Why so popular?
Well, bitcoin has a lot of advantages over various other money. For instance, you can send bitcoins to somebody as payment without needing to go with the financial institution middleman (and obtain struck with added fees). It's also much faster than sending out money through a financial institution cord or transfer. You can send out bitcoins to somebody and also have them receiving the coins in secs.
With all of this, it's no surprise that many individuals are now shopping bitcoin for the very first time. Nevertheless it's not as easy as mosting likely to your bank and taking out bitcoins - or going to a shop as well as paying some hard-earned money for bitcoin.
The system works a little bit in a different way than that. This Bitcoin Purchasing Overview will certainly discuss a couple of things you need to recognize before you acquire - so you can get safely as well as firmly.
First off, while the rate could be over $2000 us per coin, you do not have to acquire an entire bitcoin. The majority of locations will allow you buy portions of a bitcoin for as low as $20. So you can begin little as well as go from there as you get even more comfy with the means points work.
Second of all, this short article is for basic functions just and also not to be taken as monetary suggestions. Bitcoin can be risky and prior to making any type of purchase you should speak with your economic consultant to see if it's best for you.
So here are 3 simple steps to buying Bitcoins:
# 1 Obtain a Bitcoin Purse
The initial point to do before you buy your coins is to get a digital budget to store your coins. This pocketbook is a string of message that individuals can utilize to send you bitcoins.
There are a number of different sorts of pocketbooks including ones you download to your phone or computer system, online pocketbooks and even offline, cold storage pocketbooks.
Most individuals choose to obtain a budget on their phone or computer system. Popular budgets include Blockchain, Depot, Bitgo MyCelium as well as Xapo.
Normally it's as basic as downloading and install the wallet to your phone as an app or downloading and install the software to your computer from the pocketbook's primary internet site.
# 2 Determine Where to Acquire
There are numerous kinds of places to buy and every one is a bit different. There are on-line vendors that will certainly sell you bitcoins directly for cash (or financial institution wire or bank card).
There are exchanges where you can deal bitcoins from others - comparable to a securities market. There are likewise regional exchanges that connect you up with vendors in your location aiming to sell.
There are likewise ATMs where you most likely to buy with cash money and obtain your coins supplied to your pocketbook in minutes.
Each bitcoin vendor has their advantages and also downsides. For instance Atm machines are terrific for privacy, however they'll charge you as much as 20% in addition to the current rate, which is ludicrous. (On a BTC rate of $2000, that $400! So you're paying $2400 rather than $2000).
Regardless of where you choose to buy, keep in mind to do your study as well as opt for a trusted seller with a good credibility and also strong customer service. First time purchasers will specifically have inquiries and also might need the added assistance to assist them with their very first deal.
Take your time and study the various areas to purchase prior to you decide. Variables to think about include coin rates, additional fees, approach of settlement and client service.
# 3 Buy Bitcoin as well as Relocate To Your Purse
When you've discovered an area to purchase, get your funds prepared (i.e. you might send out a wire transfer or use your Visa to money your account). After that wait for a good rate. (Bitcoin costs are always rising and fall 1 day, 7 days a week). Then place your order when you prepare.
Once your order is filled up as well as you have your coins, you'll want to send them to your pocketbook. Simply enter your bitcoin address as well as obtain the seller to send you your bitcoins. You must see them appear in your wallet within minutes to an hour (depending upon how quick the vendor sends them out).
submitted by knakenge to u/knakenge [link] [comments]

Bitcoin Acquiring Overview - Easy 3-Step Overview to Acquiring Your Very First Bitcoin

Trying to find a Bitcoin Purchasing Guide? Wondering where to start? People have a lot of misunderstandings about bitcoin - the extremely first widely known and accepted cryptocurrency worldwide.

bitcoin kaufen und senden
A great deal of individuals assume for example that just cyberpunks and questionable individuals utilize it. However bitcoin is actually going mainstream with every person from TigerDirect to Expedia.com to Dell as well as also Subway accepting repayments in bitcoin now.
Why so preferred?
Well, bitcoin has a lot of advantages over various other money. As an example, you can send bitcoins to a person as repayment without needing to go through the bank middleman (as well as obtain hit with additional costs). It's also much faster than sending cash via a bank wire or transfer. You can send out bitcoins to a person as well as have them getting the coins in secs.
With every one of this, it's not a surprise that many people are now shopping bitcoin for the first time. However it's not as very easy as going to your bank as well as taking out bitcoins - or mosting likely to a shop and paying some hard-earned cash money for bitcoin.
The system works a bit in a different way than that. This Bitcoin Buying Overview will certainly go over a couple of points you need to recognize prior to you buy - so you can purchase securely and securely.
To start with, while the rate could be over $2000 us per coin, you do not need to purchase an entire bitcoin. The majority of locations will certainly allow you purchase portions of a bitcoin for as low as $20. So you can start off little and go from there as you obtain more comfortable with the way points function.
Second of all, this article is for general purposes just and also not to be taken as financial advice. Bitcoin can be high-risk as well as before making any kind of purchase you should talk to your economic expert to see if it's right for you.
So below are 3 very easy actions to buying Bitcoins:
# 1 Get a Bitcoin Purse
The initial thing to do before you acquire your coins is to obtain a virtual wallet to store your coins. This budget is a string of message that people can make use of to send you bitcoins.
There are a variety of different kinds of budgets consisting of ones you download to your phone or computer, on the internet wallets as well as even offline, cold storage purses.
Most people favor to get a purse on their phone or computer system. Popular budgets consist of Blockchain, Depot, Bitgo MyCelium and Xapo.
Usually it's as simple as downloading the budget to your phone as an app or downloading and install the software to your computer from the wallet's primary website.
# 2 Make a decision Where to Get
There are a number of kinds of locations to get and also every one is a bit various. There are on the internet sellers that will certainly offer you bitcoins directly for cash money (or financial institution cable or credit card).
There are exchanges where you can deal bitcoins from others - comparable to a stock exchange. There are additionally local exchanges that link you up with sellers in your location looking to offer.
There are also ATMs where you go to buy with money as well as get your coins provided to your purse in mins.
Each bitcoin vendor has their advantages and also drawbacks. For instance Atm machines are fantastic for personal privacy, yet they'll bill you approximately 20% on top of the current price, which is absurd. (On a BTC cost of $2000, that $400! So you're paying $2400 instead of $2000).
Regardless of where you choose to get, bear in mind to do your research as well as choose a trusted seller with a good track record and strong customer support. Very first time purchasers will particularly have inquiries as well as might need the extra support to assist them with their first deal.
Take your time as well as research the different locations to purchase before you determine. Aspects to consider include coin rates, added fees, approach of payment and customer service.
# 3 Buy Bitcoin and also Move It To Your Purse
As soon as you have actually discovered a place to acquire, obtain your funds prepared (i.e. you may send a cable transfer or use your Visa to money your account). Then wait on an excellent price. (Bitcoin costs are always changing 24-hour, 7 days a week). After that place your order when you prepare.
When your order is filled as well as you have your coins, you'll intend to send them to your pocketbook. Just enter your bitcoin address and also obtain the seller to send you your bitcoins. You must see them appear in your pocketbook within mins to an hour (depending upon how fast the vendor sends them out).
Voila, you are currently a bitcoin owner. You can now send out coins to spend for various other items as well as solutions, or hold on to them for a wet day.
One last point to keep in mind: bitcoin is still in its infancy. There are big cost swings as well as the currency can be high-risk. Never acquire more bitcoins than you can pay for to lose.
submitted by knakenge to u/knakenge [link] [comments]

How do I import an unencrypted (BTC and BCH) private key into the Bitcoin.com wallet app on Android? I can't find any way to import or swipe a simple private key and would prefer to use the Bitcoin.com wallet instead of using Mycelium that has that functionality. Is lacking this feature intentional?

I'd prefer to use the Bitcoin.com wallet app for Android to import an unencrypted private key because I trust the Bitcoin.com wallet team more than I trust the Mycelium team. But it seems that I'd be forced to keep using the Mycelium app because it has a private key import function and the Bitcoin.com wallet app is missing such a function.
Why does the Bitcoin.com lack this feature? Is it intentional for some reason? If not, when will it be added? I think this feature should be added as well as a feature to show any unencrypted private key so that a user can copy it with a simple pen and paper and then put the paper in a bank's safety deposit box for example. Mycelium can do both of those things so I see no good reason why the Bitcoin.com wallet app should intentionally lack those features.
Please add the "import and export unencrypted single address private key" features to the Bitcoin.com wallet app so that I can stop using the Mycelium wallet and start using the Bitcoin.com wallet app instead.
The primary reason that I trust the Mycelium team less nowadays is that they seem to be incompetent because it's been 674 days since 2017-08-01 and they still have not managed to implement support for sending and receiving BCH. I've started to trust the Bitcoin.com wallet the most nowadays because it's become old enough with no loss of funds stories that they appear to have been enough "time tested". I trust the Mycelium wallet the second most and would strongly prefer not to use any other apps or programs for my "import an unencrypted private key" problem.
I trust the Bitcoin ABC client too of course but then there's the problem with trusting the desktop OS and all the unisolated programs that are installed by default etc.
This was asked before but didn't get any replies:
https://www.reddit.com/btc/comments/974ybj/confused_import_a_private_key_to_bitcoincom_wallet/
submitted by todu to btc [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Trouble with bitcoin messages signing / verification

Up until fairly recently I've always been fairly comfortable signing messages from bitcoin addresses from legacy Bitcoin addresses and then verifying those signatures with other bitcoin wallets. Recently however I've started to be concerned over the inability to so consistently throughout the various wallet implementations. The most recent example I experienced was when I performed the following steps with the most recent versions of Mycelium and Bither on an android phone (both of which are recommended by bitcoin dot org) :
1) Selected a legacy Bitcoin address in Mycelium to sign a message with.
2) typed hi in the message field all lower case and no space at the end
3) created the signature.
4) downloaded and installed bither
5) put the appropriate address, message, and signature in the verify message fields.
6) received error that it was not a valid signature
Any thoughts or comments here are appreciated as I believe that the ability to prove ownership of the private keys of addresses with BTC associated with via messages signature is critical and this was the only way that I'm familiar with to be able to do so. Thanks.
submitted by BitcoinCanSaveUsAll to Bitcoin [link] [comments]

Beginner's Guide to Trading Crypto. Part 11

Beginner's Guide to Trading Crypto. Part 11

Money Loves Security And So Do Cryptos: A Brief Guide Down Crypto Wallet Lane

Since time immemorial people have been keeping their money and valuables in safe places. Be they purses, clay pots full of coins buried in their backyards or treasure chests hidden in caves with piles of bones strewn around to keep unwanted visitors at bay, they means conceived for safekeeping hoarded valuables are just as creative as they are limitless.
The advent of cryptocurrencies as a new class of valuables and assets instantly spawned the need to keep them safe from the clammy hands of criminals. The logical solution was to develop wallets that would be used to keep cryptos safe. As a result, a multitude of wallets have emerged offering all kinds of added services to their users while remaining means of storage at heart.
There is a huge variety of wallets available: Coinomi, GreenAddress, Blockchain.info, Atomic, Exodus, Jaxx, Electrum, Copay, Bread, Airbitz, Armory, Mycelium, Blockchain Wallet and dozens of others, each offering their services to suit any taste.
https://preview.redd.it/tai1ax5q3u341.jpg?width=1200&format=pjpg&auto=webp&s=0a33622327c7e52eea02e77f7c843423e6aeba12

Types Of Wallets

There are several types of wallets available to users and everyone must decide for themselves which one suits their needs best.
Hardware wallets: These are the most secure and reliable wallets available, since they are not connected to the internet at all. Hardware wallets are like flash memory cards that store the user’s cryptocurrencies and access offline. A bright example is the Trezor wallet, which is deemed to be impermeable to hackers. Unless the user loses the device itself, it is safe to assume that the cryptos will stay on it indefinitely and no one will ever gain access to them.
Online, Web or Hot wallets: These are online services, or online wallets that offer to store the user’s cryptos online with direct access to the internet at any time. In essence, online wallets are online accounts in which users store their funds. The risks are very high, since exchange wallets are routinely being hacked and the cryptos stored therein stolen.
Desktop wallets: Desktop wallets are software programs that can be downloaded and installed on a PC and will only be accessible from the device they were downloaded onto. The risks are the same as with hot wallets and another added inconvenience is that loss of the device or loss of access to it means loss of all cryptos stored on it.
Mobile wallets: Mobile wallets are software programs that can be downloaded onto a mobile device, such as a phone or a tablet. There are wallets for Android and iPhones and all of them bear even greater risks than hot wallets. Since mobile devices are susceptible to theft and a variety of viruses, it is extremely risky to store cryptos on them. Though access to the cryptos without private keys is impossible, unless the user stores them on the device, loss of all cryptos with the mobile device is guaranteed.
Paper wallets: Paper wallets are offline cold storage for cryptocurrencies. This is by far the safest means of storing cryptos, which includes printing the public and private keys on a piece of paper and storing it in a safe place. The keys are printed in the form of QR codes for convenience. With paper wallets, the user has complete control over their funds and the only risk lies in losing the piece of paper with the keys.
Other types of wallets: Apart from the five main types of wallets, there were attempts at creating other types of services, such as atomic wallets using atomic swap technology and even combinations of mobile/hot/cold wallets. Despite limited success, hybrids models of wallets did not become popular.

Main Pros And Cons

When looking at wallets and their main advantages and disadvantages, it is easiest to speak of the division between cold and hot wallets.
When speaking of cold wallets, such as the Trezor Bitcoin wallet and Ledger Nano S or X, the same issue will be observed, and that is the fact that such wallets can be physically lost. Though anyone who ever finds them will never be able to gain access to the stored cryptos without the private keys (unless they are pasted on the device), loss of all cryptos on the device is guaranteed. In addition, cold wallets can be difficult to install and are inconvenient for frequent use.
https://preview.redd.it/ff2dukdx3u341.png?width=1021&format=png&auto=webp&s=f36cdc26b13f33433c5124f5e5a67c0e40f9dbf4
Hot wallets are far more susceptible to risk than their cold counterparts. Though hot storage is much faster and convenient with a wide variety of options from Coinbase to Blockchain.info, the risk of cybercrime runs high. Mobile or desktop storage is also considered to be hot storage and is also risky, if the device is damaged or destroyed.

Bitcoin Problems

Bitcoin, as the firstborn cryptocurrency, was born with a number of defects. One of the main problems of the king of cryptos is the yet unsolved scalability problem. This refers to the limit on the amount of transactions the Bitcoin network can process due to the limited size of and frequency of blocks in the Bitcoin blockchain.
Said problem poses some difficulties to all Bitcoin users and leads to what is known as backlog in the blockchain. The backlog leads to long queues of transactions in the system. With the average transaction time in the Bitcoin blockchain being around 7 transactions per second and the theoretical maximum standing at 27, it is not difficult to understand how long users of the blockchain have to wait for their transactions to pass in times of heightened demand – the time is in the hours and sometimes even days.

Bitcoin Wallets Review

Since Bitcoin is the most popular cryptocurrency on the market, it is logical to judge wallets by their support of the first cryptocurrency. As such, the following will be a brief review of some of the best and most popular Bitcoin wallets on the market.
Online Bitcoin Wallets
Online or web wallets are the most popular ones out there and the best Bitcoin wallet overall is widely considered to be Blockchain.info, which is easily accessible and convenient for everyday use with good security. As an anonymous Bitcoin wallet, Coinbase follows in the lead with its ability to store a multitude of various coins, but with the same security risks that are inherent to all hot wallets.
Android Bitcoin Wallets
Android is the most popular mobile system in the world and plays host to a number of good mobile wallets. The best Android Bitcoin wallet is widely considered to be the Electrum Bitcoin wallet with its excellent reputation, good security and convenience. Though Electrum has some occasional glitches, they are never critical. Another excellent wallet for Android is the Coinomi wallet with its support for a wide variety of cryptos and excellent user support, which even allows for restore options using special phrases. Coinomi has its issues as well, such as occasional exchange glitches, but the many pros outweigh the cons.
Bitcoin Hardware Wallets
The undisputed leaders as the best hardware wallets for Bitcoin are Ledger Nano X and S, Trezor T and Trezor One, and Keepkey. Bitcoin hardware wallets are comparable in their security, accessibility and usability. The difference is mainly in the price, which ranges from $165 for Trzeor T to $59 for the Ledger Nano S model. In fact, the Ledger Bitcoin wallet is often called the king of hardware wallets. The KeepKey Bitcoin wallet is the in the top three hardware wallets as a convenient and stylish device. Though KeepKey supports over 40 assets, it still lacks coin support.
Bitcoin Wallets For iPhone
iPhone’s iOS system is the second most popular for mobile devices in the world and has support for some good wallets as well. The best iOS Bitcoin wallet for iPhone is considered to be the Abra software, which offers credit card support for topping up crypto balances and a good user interface, which is even more oriented at exchanges. The next software is Edge, formerly known as Airbitz. The Edge wallet is best known for high security and good user-friendliness along with multi-currency support.
Bitcoin Wallets For Windows
Bitcoin wallets for PC are very popular and Windows is leading the way with some excellent offers for wallets. Atomic is by far the most advanced and the best option for Windows users as it offers Atomic swaps technology as its basis. The application offers a wide variety of operations and supports over 300 cryptocurrencies. Exodus is the second most popular choice as a desktop only wallet with support for Bitcoin and many other altcoins. Exodus offers its users a good interface and it is free for use.
Bitcoin Wallets For Mac
Since Atomic and Exodus are cross-platform wallets, they can be used on Windows and Mac. Apart from them, there are also Jaxx and Electrum, which can be used on Mac. Jaxx is a multi-currency wallet with support for around 40 cryptos and has a PIN feature. In addition, Jaxx is free for use. Electrum is one of the oldest desktop wallets and is a lightweight wallet that does not require the full blockchain to operate, meaning less storage needed for its operation. The wallet requires a PIN and is essentially a desktop bank with good security and usability. Electrum is also a Bitcoin wallet for iPad, since it can be used on mobile platforms.
Bitcoin Paper Wallet
Since storing cryptos online on exchange or hot wallets or even on devices is risky, it is oftentimes more convenient to use a simple printer to print out the keys and store them. BitAddress offers a convenient and easy to use, step by step guide to creating a paper wallet with the added benefit of sleeping in peace, known that nothing and no one will ever threaten your Bitcoins.
https://preview.redd.it/bh7wi0d64u341.png?width=600&format=png&auto=webp&s=9f7fbd269eea43ac3b8897ad470553ba8b3c730d

Checklist

When embarking on the journey of creating your first wallet, think well of which type to use. The type will depend on the priorities that stand before the user. If security is paramount, then paper or cold storage wallets are the go-to solution. If frequency of use is the name of the day, then hot wallets and their inherent risks are the best way to go.
The most frequent questions related to wallets are how to add money to a Bitcoin wallet and how to set up a Bitcoin wallet. Both questions have no single answer, as each wallet offers its own instructions on how to top up balances and how to set them up. Therefore it is recommended to study all instructions carefully prior to operation.
Either way, there is no silver bullet and some features will have to be sacrificed in deciding how to store cryptocurrencies. The one thing that is constant is the need to store Bitcoins and cryptos and make use of them.

Check us out at https://moontrader.io
Facebook: https://www.facebook.com/MoonTraderPlatform
Twitter: https://twitter.com/MoonTrader_io
LinkedIn: https://www.linkedin.com/company/19203733
Reddit: https://www.reddit.com/Moontrader_official/
Telegram: https://t.me/moontrader_news_en

Originally posted on our blog.
submitted by MoonTrader_io to Moontrader_official [link] [comments]

Bitcoin Mobile Wallets in 2018 (Android/iOS)

Whenever i install a mobile wallet on some of my friends or families phone i try to only install open source software that definitely has you in charge of your private keys! There are some key things that every bitcoin wallet should provide, like segwit support for example.

So far my knowledge is this:

- Samourai (Android only / Still in Alpha / wont let you use BitPay / Full Segwit support / Open source / Experimental privacy features)
- GreenAddress (Not the most modern Interface / Privacy concerns with email/sms login? but ok / Segwit support (fully supported? not sure?) / Open source / iOS & Android supported )
- Blue Wallet (iOS only / Still early development / Full Segwit support / Open Source )
- Edge (Only client side open source / focus not only bitcoin / actually not sure if the fully support segwit) <- actually im quite skeptical about this wallet for some reason maybe someone knows more about it

all the other apps like CoPay, Mycelium, Electrum, Jaxx, Enjin either dont support segwit fully or are not fully open source.
what am i missing? are these the only few options if you want full segwit support, open source bitcoin wallets? its ok if the wallet i am looking for is only supporter on either iOS or Android but it seems there are still few options that live up to high standarts.
Id like to hear your alternatives or your thoughts for this topic since i think its a very critical thing for user adoption not to have scammy wallets full of advertising with no security or privacy standards.
I mainly use Samourai myself but its not a officially stable wallets by the developers even but i support them so this is why i use it. But you can't recommend it to someone new or as a standard kind of soloution.
For iOS my experience is very limited since i never owned an iPhone but its a huge market and i used to recommend Copay but i think its not a very good option.. for the moment i would go for GreenAddress or BlueWallet.

Let me know what ou think please





submitted by opencryptotools to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer / Credit card Cash
Coinbase LocalBitcoins
Gemini LibertyX
GDAX Mycelium LocalTrader
Poloniex BitQuick
Bitstamp WallofCoins
Kraken BitcoinOTC
Xapo
SnapCard
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Wagepoint, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

An in-depth overview of different mobile wallets

Disclaimer: A lot of time went into writing this and more research than I anticipated. Errors are not just possible, they are certain. If you find any mistakes, please reach out to me and I'll edit. Furthermore I know I probably missed a couple apps, there are a lot out there. If I missed a big one, then again contact me and I'll consider adding it. If you are reading this in the future, note that these apps update regularly, anything mentioned here may have changed by the time you are reading it.

What is a mobile wallet?

A mobile Bitcoin wallet is an application for a mobile device which acts as a lightweight wallet and allows you to store, send and receive Bitcoin (or other cryptocurrencies and tokens). Mobile wallets use SPV (Simplified Payment Verification) to allow wallet functionality without having to download the whole blockchain. This is very important as barely any mobile phones have enough storage space required for the full blockchain. Mobile wallets are also considered hotwallets, meaning they have an active connection to the internet. The mere fact of being 'online' allows for a number of attack vectors and as such should never be used to store large amounts. It is however not unsafe per se. Private keys are stored locally and encrypted. Some wallets keep backups of those encrypted private keys on a server of their own, and this is something to take note of, but not to fear. So without further ado, lets get to it. I focused on Android wallets, but many of the wallets mentioned here have iOS versions.

Quick overview

Name Segwit Multisig Backup Other coins Fee Choice Privacy Options Depth/Complexity
Samourai Yes No 12 word seed + passphrase No Custom A ton Advanced
Bread No No 12 word seed No 2 Options No Beginner
GreenAddress Yes Yes 24 word seed No Custom Tor Optional Intermediate
AirBitz No No Private seed No Custom-ish No Beginner
Electrum Yes Yes 12 word seed No Custom Proxy possible Intermediate
Copay No Yes 12 word seed No Custom No Beginner
ArcBit No No 12 word seed No Fixed or Dynamic No Beginner
CoinSpace No No 12 word seed BCH/LTC/ETH 3 Options No Intermediate
Simple Bitcoin No No 12 word seed No None No Beginner
Bither No No 12 word seed BCH/BCG 4 choices No Intermediate
GreenBits Yes No 24 word seed No Custom No Beginner
Jaxx No No 12 word seed A ton 3 options No Advanced
Xapo / / / / / Public /
Coinomi No No 18 word seed A ton Custom No Advanced
Mycelium No No 12 word seed No Scrollwheel Tor Optional Intermediate

Wallet Breakdown

Samourai

Samourai focusses heavily on anonymity and obfuscation. Addresses are never used more than once. When making a transaction there is an obfuscation slider. Samourai has had SegWit enabled since October. Furthermore it offers a plethora of different features, too much to sum up here. If you are an advanced crypto-user you should definitely check out this wallet and their website which explains all of the different features. The UI takes a bit of getting used to though.

Breadwallet

Breadwallet is a very simple to use, straightforward app. The UI is slick and intuitive and in-app support to basic questions is very well incorporated. This could be a good wallet for a new person to the scene. The lack of advanced features will make this app not the go-to for more experienced users. It does however feature fingerprint authentication, which is cool, as well as BCH extraction. The lack of SegWit and complete absence of custom fee's is a problem though, especially since fees have gone up during the recent BTC spike. With only 2 fee options to choose from I simply can not recommend this wallet to people who are looking to make frequent transactions.

GreenAddress

When I first started with Greenaddress I didn't like the UI, I found it a bit clumsy. So definitely not user-friendly for a beginner. On the plus side it allows a choice of 2FA settings. Furthermore it has SegWit enabled and it has some advanced features like nLockTime transactions and it offers a service for instant transactions. This all feels very Lightning Network-y, which makes sense as GreenAddress is a part of Blockstream. Our friends in the other sub will most likely have something to say about this. I'll refrain from this and just say the following: this is an advanced wallet with promising features. If they clean up their UI a bit I could see myself using this without hesitation. The fact that they have MultiSig is a big plus as most mobile wallets do not have this functionality.

AirBitz

Unlike any other wallet I fired up at that point, this app did not prompt me with a 12- or 24-word seed. Instead it made me make an account, the regular username/password combo. After some research I found that these are not stored in a local database on their end. Which means that recovering your password in case of loss like with every other username/password login method we are so used to, is not possible. It is merely a different representation of an encryption key, allowing you access to your private keys. It features some interesting stuff though, NFC-compliant transactions and Bluetooth Low Energy (BLE) for example. Clearly this app is meant to be a bridge between users and merchants and has focus on making regular in-person transactions. Thus it mimics some non-crypto related payment apps that we have. Personally, I am not a fan, but I can appreciate the design philosophy and I would't be surprised if their design model worked very well in the future with the LN or with other crypto's that focus on small payments. As for the UI, it's fairly simple, yet horribly cluttered with partnered services. Good for non-techies maybe, but not for more experienced crypto-enthusiasts.

Electrum

Much like the desktop wallet I used years ago when I first started with Bitcoin, the mobile wallet is minimal. Straightforward and without fancy colors or UI. For those of us who have known the internet before Facebook, this app will feel strangely familiar. This is a classic example of a no-nonsense wallet with the features that really matter. SegWit and MultiSig enabled. A further lack of advanced options might be a turn-off for some users out there though. I did however find the option to spend coins from unconfirmed transactions. This could be very useful in case you want to cancel out a previously stuck or erroneous transaction and ensure it's never cleared. One downside to this wallet is the very primitive way of setting a custom fee. No guidelines, scrollwheel or info. Just a simple box in which to put your fee which won't help intermediate users, only experienced users.
Edit: sidenote on the SegWit implementation by Electrum http://www.crypto-economy.net/electrum-3-0-enables-bech32-segwit-addresses/?lang=en

CoPay

Of all the apps I've tried up to this point, CoPay had the best initializing phase, succinctly explaining risk and security. I can not imagine a better intro to a wallet for a first time bitcoiner. It being of a product of BitPay, of which I am personally not a fan, I have to admit though. This app looks clean, feels fast and is easy to use. It successfully demystified MultiSig functionality in its UI and partnered services are not obtrusive in the design. Downsides are lack of fee setting possibilities and SegWit. The latter I really do not understand given their main core of business. If it wasn't for those last two points, I would not see why not to recommend this wallet.

ArcBit

This app dissapointed me a bit. It starts out of the box, not mentioning any backup seeds or tutorial on the wallet itself or Bitcoin. It has no SegWit, no MultiSig, a lack of features and whilst a backup seed can still be requested from the settings, I feel it is of the utmost importance that such a security measure is not quickly overlooked. The lack of fee management tops it off. While this wallet works just fine and looks just fine, there are too many alternatives out there with better options and functionality for me to ever advise anyone to use this wallet.

CoinSpace

CoinSpace is one of those apps that could be really cool, but completely missed the boat on some other design choices. In-app ads unless you pay 1.6$ or something. Settings hidden behind a CoinSpace login screen. It features multiple tokens though with built in conversion through ShapeShift, which could have been awesome. But the excessive ads are just a big no-no. Lack of SegWit and limited fee options make this one of the least interesting wallets out there.

Simple Bitcoin Wallet

Simple Bitcoin is a very basic, barebone wallet. Feels like a one-man project. Almost no settings possible at all. There's much better out there.

Bither

I oddly liked Bither because of its design that reminded me of websites from the 2005-ish era using lots of gradients. Its one of those apps that you either like or you don't. The UI is not bad, but could be better, there's some functionality hidden in the settings, but not enough to satisfy. One very useful feature is built in BCH and BCG extraction. This is the first app I encountered with built in Bitcoin Gold access. It also has a separate tab with just market price information, which is really useful for the price ticker addicts among us. Furthermore it features Cold/Hot Storage View which allows you to monitor cold storage and with a nice graph shows you the distribution between Hot and Cold. Cool stuff. I would suggest to check it out, I'm sure some people will like and some won't. Do note, no SegWit. I would personally use this as a view-wallet only. Not as a spending wallet.

GreenBits

GreenBits is like the light version of GreenAddress. I tried looking for why one team would make 2 wallets but could not find a definitive answer asides from GreenBits being Android-native. And while some resources state MultiSig functionality and Tor through Orbot, I couldn't find those in this app. It does however sport SegWit and custom fees like GreenAddress. On the UI front I feel much more comfortable with this app though and I could see it being better received by average users. Looks like a good spending wallet without much extra.

Jaxx

Jaxx is a rather large wallet that supports many many many different coins with built in ShapeShift functionality. It did suffer from a hack earlier this year which is why this wallet has been discredited. I would however suggest looking into this one if you are invested in multiple different coins and regularly swap between them to get some financial edge. Lack of SegWit and fee options don't make this an ideal app for Bitcoin-only users.

Xapo

Xapo, known for its cold storage solutions was one of the apps I was eager to check out. Upon starting I however first had to verify through a text message, giving up my phone number, after which I was greeted by a 'Continue with Facebook or email' - screen. Upon choosing email, I was further asked to give up personal information. Nothing personal against these types of business models, but this is not what I am looking for in a mobile wallet. Centralization of personal information is quite in contrast with the decentralized and pseudonymous qualities of cryptocurrencies. This being the 13th wallet I've fired up tonight, I decided to give this one a pass.

Coinomi

Coinomi is very similar to Jaxx in the way that it supports a crapload of different currencies and in-app conversions between different tokens through ShapeShift and additionally Changelly. It does look quite a bit more straightforward though. A good alternative to Jaxx for those multicrypto traders among us. Unfortunately yet again not the best for straight Bitcoiners due to lack of SegWit. It has custom fees though, but much like Electrum, there's no real help here and it's just a manual input.

Mycelium

Mycelium has been my wallet app for a couple years now. Unfortunately the delay in SegWit adoption has me looking elsewhere and in succession writing this article. I really liked the recent addition of the fee scrollwheel, which is still the most detailed and succesful implementation of custom fees in any app I've seen. Having tried out many other apps at this point I can now see Mycelium, while not particulary user-unfriendly, could still very much improve its UI. It is however not a bad wallet, never crashed on me, always ran smooth through multiple updates. But let's not get sentimental here, it's a solid app, but its time for me and maybe you as well to try out something different ;-)

Conclusion

In this excruciatingly long article I've ran through a couple different wallet apps. One thing to learn is that not a single one of these is perfect and there's still room for improvement on many fronts. Which wallet holds your preference today depends largely on what you are looking for in a wallet. Do you want the cheapest transactions, then go for one of the SegWit enabled wallets. Do you like cool functionality, then check out Bither. Is anonymity of a concern to you then Samourai looks like the clear winner. More into multiple coins at once, then Coinomi or Jaxx is the way to go. And this is mobile wallets only, you have your desktop wallets, hardware wallets, cold storage solutions, paper wallets. But I'm all out of ink tonight!
I can't give you specific advice. In this world of cryptocurrencies we are in control of our own money. Being in control of your own money means being responsible for its security too. So make your own decision and due diligence.
Edit: Thanks everyone for the awesome responses. I've had some requests to further mention some important information regarding the wallets. I will write these down here as a memo to myself in the future, at which point I will review the state of mobile apps in greater detail once again. - Open Source or not - iOS version or not - Adding iOS only wallet apps
submitted by Zyntra to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Additional Bitcoin statistics can be found here. Developer resources can be found here and here. Peer-reviewed research papers can be found here and here. And of course, the whitepaper that started it all :)

Where can I buy bitcoins?

You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, more can be found here.
Here is a listing of local ATMs. Also, Lawnmower is also a handy way to make small recurring purchases of bitcoin. If you would like your paycheck auotmatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Here are a couple useful sites (bitkoin.io, preev.com) that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "be your own bank" and personally secure your bitcoins OR you can use third party companies aka "bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Comprehensive lists can be found at the Trade FAQ or The Bitcoin Directory, some more commons ones are below.
Store Product
Steam, Disco Melee, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch and BazaarBay Retail shopping with millions of results
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
NewEgg, TigerDirect and Dell For all your electronic needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LRoS, Wagepoint, Hyphen.to Bill payment
Foodler and Takeaway Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege and 9flats For when you need to get away
BoltVM VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker to allow users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Tipping

Use ChangeTip.com (/changetip) for tipping people on Facebook, Reddit, Twitter, YouTube, Tumblr, Google+, GitHub, Slack and more! (you can even use custom monikers to tailor your tip to the discussion or add a bit of humor). Read more about ChangeTip at their reddit wiki.

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Recover your 12 word backup phrase with btcrecover ... CryptoTab Earn Bitcoins while using Google Chrome TED - YouTube How to recover your BTC.com wallet if you forgot the ... Luno Bitcoin Wallet and BTC Global.team Wallet Account - Video 2

For example, they need to generate new Bitcoin addresses for each customer to preserve the webmaster’s privacy, or generate a QR code payment address – which could even pass along pricing ... Step 5) Send and Receive Bitcoin. Your Mycelium wallet app is now secure and is ready to store, send, and receive bitcoin. Receiving Bitcoin. Open Mycelium and go to your Balance tab. Tap ‘Receive’ You can request a specific amount. Or, you can simply send your QR code or bitcoin address with someone. You can have someone scan your QR code ... (If providing an address to receive Bitcoin Cash (BCH), we highly recommend that you provide a BCH in the "cash address" format. This is so that nobody will accidentally send BTC to your BCH address) Sometimes you may see a BCH address starting with "C", this is the "BitPay" BCH address format. If you want to swap between the different BCH address formats, you can do so on the "Receive" screen ... MyCelium Wallet Review. Let’s start this MyCelium wallet review from the beginning and talk about the inception of the wallet. Inception. Probably one of the company’s most ambitious projects - the MyCelium Bitcoin wallet - was conceived to create an all-around functional, yet easy to use Bitcoin wallet.. The team behind the wallet was certainly in a great position - the fact that they had ... What is a custom Bitcoin address? It's a working, normal Bitcoin address in every way except for the obvious difference, the first letters after 1 are chosen by you, for example: 1 JAMES pExQ1QjnqaioJ19MX2K4sjMh7xrz.

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The TED Talks channel features the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their l... If you accidentally lost some of the 12 word backup phrase this trick will help you recover the forgotten parts. Simple tutorial that explains how to recover your BTC.com wallet if you forgot your password. Do you have an old v2 wallet at BTC.com? Check this recovery pr... COMING SOON! Email Chad: craigs1669 @ gmail dot com / +1 773- 829 -0737 It is important to understand that in an affiliate plan that offers a crypto trading ... Try keeping your bitcoins in those plateforms or wallets which support nearly all the forks so that u can enjoy your fork coins very fast say for example binance or other trading websites. Or even ...

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