What Is The Beginner’s Guide to using Bitcoins

The last year has been revolutionary especially for digital currencies, with a number of merchants — some of them retail giants with billions of dollars in revenue — deciding to accept bitcoin in exchange for goods and services. Many of them are online e-commerce sites, but an increasing number of bricks-and-mortar stores are also now accepting the crypto currency. This trend is going to definitely keep up in the current year as well. So it might be time for you to explore bitcoin trading.

Set up your Bitcoin Wallet

Setting up your first Bitcoin wallet is simple with several quality mobile apps available. If you want to do thorough research then you can read our comprehensive guide on how to find the best Bitcoin wallet.

A great path would be (1) a mobile wallet — there are several apps available separately for iPhone and android users,Acquire bitcoins from a seller/website, as payment for a good or service or buy bitcoins from Circle and then if you decide to store large amounts of bitcoins and want to know they are absolutely safe then use Armory. Visit backpage for more details on buying, selling bitcoins and to start your first transaction.

Spending your bitcoins

Starting to use bitcoins can be exciting because it is a new technology. Bitcoins can be used to purchase just about anything you want. Dental services, a brand new car, travel and even luxury real estate. The best way to find bitcoin-accepting merchants is via marketplaces and aggregator sites that gather large numbers of supporting establishments together at once. CoinMap.org also offers a visual way to locate bitcoin stores in any geographical area, and new businesses are appearing all the time.

Global computing giant Microsoft added bitcoin as a payment option for a variety of digital content across its online platforms in recent years. According to the company’s payments information page, US-based customers can now use bitcoin to add money to their accounts, which can then be used to purchase content like apps, games and videos from its Windows, Windows Phone and Xbox platforms.

If you can’t find physical or online stores that accept bitcoin directly for the item(s) your require, the easiest way to turn your digital currency into ‘real-world’ goods and services is via gift cards. Plenty of gift card businesses accept bitcoins and these cards can be used at a surprising number of major retailers like Walmart, Amazon, Target and Nike.