If you don’t already have a bitcoin wallet, check out Part 1 of this guide to learn how to setup a mobile wallet.
Remember that if you plan on buying and storing significant quantities of bitcoin, you should invest in a secure hardware wallet.
Now that you have a wallet to hold and interact with your bitcoin, head to xsats.com to create an account.
Tap on the menu bar on the top right corner of the screen to reveal the menu, then fill in your details and tap ‘Sign Up’.
Note: You should now receive a verification email. You must…
In order to safely hold your own bitcoin, you need somewhere to store it. There are many different types of bitcoin wallets, but the most important considerations when choosing where to store your bitcoin are security and usability.
Security is important for obvious reasons; you don’t want someone to steal your bitcoin! Usability is similarly important; a wallet that is confusing to use can very easily lead to mistakes that result in the permanent loss of your bitcoin.
It’s worth keeping in mind that statistically you’re far more likely to lose bitcoin yourself by mistake than through getting hacked. But…
Buy and secure bitcoin. Simple. Secure. Cost-effective.