Open a Bitcoin Account | Best Bitcoin Wallet PART1

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Getting started using Bitcoin is not as difficult as you think, the first step is to open a Bitcoin account which will enable you to take a look at your Bitcoin wallet so that you can safely receive and send bitcoin.

There are a few things you need to know before opening a Bitcoin account in order to use it safely and avoid common pitfalls and you will be able to get a free Bitcoin account for all major operating systems and devices to serve a variety of your needs.

For example, you can install an application on your mobile device for daily use or you can have a wallet only for online payments on your computer, however choosing a wallet is easy, and it can be done in minutes.

Bitcoin makes it easy to quickly send money anywhere in the world! Bitcoin can be used to buy and trade online.

To open a Bitcoin account, you must create a special wallet, as the Bitcoin wallet is completely similar to a digital bank account, but you can send, receive and manage your bitcoins, in your Bitcoin account (your wallet) you manage your digital currencies, as this is only done when entering the recipient’s wallet address will the currencies be sent Mineral from your wallet to the recipient’s wallet.

Which bitcoin account to choose

There are many Bitcoin wallets all over the world and making the right decision to open a Bitcoin account is very important so criteria will be based on factors such as security, costs and customer opinions. Obviously, security is the biggest criterion here so you have to open your Bitcoin account in a well-used wallet that has a lot of security protocols in place. It is also important to choose a portfolio that works well with some of the large exchanges so that you can complete transactions quickly in the currency market. In the following points, the advantages of the Bitcoin account that should be chosen:

There are a large number of different Bitcoin (wallets) accounts to choose from, and the wallet that you should choose depends on several factors, including your just starting out in trading cryptocurrencies, or are you more experienced, and do you want to buy a small amount or invest a large amount?

After that, opening a Bitcoin account is a simple matter, and there are nearly three types of accounts: a Bitcoin account on a mobile phone, a Bitcoin account on software, and a Bitcoin account on computers. Often a Bitcoin account on mobile devices and software is free, so each type has an account service provider Bitcoin has its own peculiarities with regards to things like ease of use and security, and in the overview below, you can find out which Bitcoin account is right for you.

How do I open a Bitcoin account

The Bitcoin account that works best for you depends on several factors, such as your purchasing needs, and what you desire when using bitcoins. When you are a beginner in the bitcoin buying business, opening a Bitcoin account online is the easiest and most user-friendly way to manage it. The free Bitcoin account used a lot is Coinomi because it also supports other currencies, so you set up a Bitcoin account on Coinomi by following these steps:

Go to the AppStore or the playStore

Find and download Coinomi.

Open the app and type in your 24-word recovery phrase. This is very important, this will be your wallet backup!

Set a strong password.

Add Bitcoin to your wallet.

Use your receiving address to receive bitcoin.

The receiving address for the Bitcoin account is similar to your bank account number, as each Bitcoin account has a unique Bitcoin receiving address, you can share this Bitcoin address with others to inform them of how to send digital currencies to your wallet, and the address of the Bitcoin account is alphanumeric and always starts with the number 1 or 3, for example (3FZbgi29cpjq2GjdwV8eyHuJJnkLtktZc5). A common question is how to get the address of a Bitcoin account, in this regard we say that each Bitcoin account automatically creates a Bitcoin address, so if you have just created a new Bitcoin account you will have a unique Bitcoin address immediately, and when you enter this address in the order form for payment or receipt Bitcoin will be sent to him.

Also, a new Bitcoin address is not only created once a new Bitcoin account is created, but after each transaction as well, and the reason for this is that when your address changes regularly, your privacy on the network is better protected. And when you want to use your old Bitcoin address again, there will be no problem, as every address you previously received Bitcoin on can be used again, and it does not matter if someone sends Bitcoins to your most recent address or to your oldest address, the bitcoins will arrive at the same The wallet, and in most Bitcoin accounts, you can find all the addresses that were created in the transaction log. Note, to receive and send bitcoins, always copy and paste the receiving address, this reduces the risk of making a mistake. Do not type in the address manually, as all cryptocurrency transactions are irreversible; Once you send the coins there is no way to get them back.

Read More : Open a Bitcoin Account | Best Bitcoin Wallet PART2