Cryptocurrency Wallets & Exchanges

What is a Cryptocurrency Wallet?

Take a look at this video:  https://youtu.be/C3OTJ1AdraY

 

BEFORE you join any programs pertaining to cryptocurrencies, you MUST have a wallet to make your coin transactions; for receiving funds, as well as for sending funds.

There are various programs you can use, but Blockchain is a popular wallet program. Although the instructions below pertain to setting up a wallet in Blockchain, the procedure is pretty much the same for all wallets. Just follow the site’s instructions.

 

Create Your Blockchain Wallet Account

  • Go here to create a Blockchain account: https://blockchain.info/wallet/#/signup
  • Enter a good email address.
  • Enter your new password TWO TIMES.
  • Click the box in front of “I have read and agree to the Terms of Service.”
  • Click on the button with “Continue”

 

Wallet Recovery Phrase

Your recovery phrase can be used to restore all your funds in the case of a lost password or a loss of service at Blockchain. Note that the recovery phrase never changes and recovers all of your existing bitcoins as well as newly received funds in this wallet. Please note that imported addresses are not backed up by the wallet recovery phrase. We strongly recommend to transfer funds from imported addresses into this wallet.

  • In the left-hand menu, click on Security.
  • Click on the blue button labelled Backup Phrase on the right-hand side of the screen from Wallet Recovery Phrase [Unconfirmed].
  • Create and document (WRITE IT DOWN) the 12-word Backup Phrase and store it in a safe place. You can use Notepad or a word processing program, or even just pencil and paper, but SAVE IT!
  • Record the sequence number as well as the specific word. When asked for them, it might ask for the 1st, 4th, 8th, 9th and 12th words, so you need to know which word corresponds to which position; otherwise, you might not be able to recover the funds in your wallet.
  • After documenting the first FOUR words, click on the button with Next 4 words à to see the next FOUR words.
  • After writing down the last group of words, click on Final Step.
  • Enter the four words requested, then click on Finish.

 

Create Wallet Address for the program you want to transfer funds FROM

  • In the left-hand menu, click on Settings.
  • Click on Addresses
  • To the far right of My Bitcoin Wallet, click on Manage.
  • Click on + Add Next Address
  • At the far right-hand end of the line with the new wallet address, click on the pencil icon so you can edit this entry.
  • Replace New Address with 2×9 Bit Max. (NOTE: You are the only one that sees this name, so you can call it whatever you want.)
  • Click on Save. When you are ready to use this wallet address to receive funds, come back to this screen and Copy the address and Paste it in the other program so you can Receive funds from that program into your Blockchain wallet.

It is highly recommended that you DO NOT use the same wallet address multiple times, at least NOT for multiple programs. Create a separate wallet address for EACH Bitcoin program you are using, and if you are creating multiple accounts for the same program, I suggest you create a separate wallet account for each user account as well.

 

Buy Bitcoins to Fund Your Wallet

In many countries, you can exchange your local currency for Bitcoins right at your local banks; however, if this is not the case for you, there are many sites online where you can purchase Bitcoins. Below are a few sites you can use; however, many of these sites CANNOT be used by residents of the U.S.

 

Cryptocurrency exchanges and sources to obtain cryptocurrencies

Click on the Exchange name to go to their website to create your account.

 

CoinPayments

  • In addition to creating a cryptocurrency wallet, many programs may use a cryptocurrency payment processor like CoinPayments to act as an intermediary between the program to receive your funds and your Bitcoin wallet.
  • Click here to create an account using my affiliate link.
  • When people sign up thru your affiliate link, you will automatically receive 25% of their transaction fees in your CoinPayments Wallet for 5 years.

 

CoinBase

  • Buy Bitcoin, Ethereum, and Litecoin to begin using the future of money.
  • Click here to create an account using my affiliate link.
  • Invite a friend who buys or sells $100 of digital currency or more, and you’ll both earn $10 of free Bitcoin!
  • This exchange can be used by people in the U.S.

 

CryptroX

 

Paxful

  • Paxful is the best place to buy and sell Bitcoin instantly with over 300 payment methods to choose from.
  • Buy Bitcoin with bank transfer, buy Bitcoin with gift cards, exchange Bitcoin for cash, PayPal, and much more.
  • This exchange can be used by people in the U.S.
  • Click here to create an account using my affiliate link.
  • Share your Paxful affiliate link and earn 20% from your team members’ escrow fees and 5% from theirs!

 

CoinMama

  • Buy Bitcoin and Ethereum to begin using the future of money.
  • Click here to create an account using my affiliate link.
  • After you create your user account, also create an affiliate account so you can earn commissions whenever anyone you refers exchanges currency for Bitcoins.
  • Can no longer be used by people living in the U.S.

 

LibertyX

  • This is a site where you can buy Bitcoin instantly in your local area in the United States.
  • CLICK HERE,  put in your ZIP Code or the name of the city where you live,  and locations will populate showing where you can go to buy Bitcoin.
  • After you buy the Bitcoin, they send it directly to your wallet.
  • You should call the location first to make sure they are still in service and find out what the charges are.

 

LocalBitcoins.com

  • Get Bitcoin fast, easy and safe, near you.
  • Instant. Secure. Private.

 

Earn Bitcoins

Now that you have your wallet set up, it is time to join a few programs to earn Bitcoins.

  • Faucet programs to earn Satoshi to help you fund your wallet.
  • Matrix programs. There are many programs on the internet. Use with caution. Some are good, and others are not so good.