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Member
Bitcoin help!!!!
Hey guys.. i hope someone can assist me since im soooooooooooooo confused!!!!! i wanna make account soo i can use bitcoins like someone pay me etc.
First of all i cant find a site to open account !
Second i dont even understand how it works !
Third if i receive bitcoin from someone how can i take it to my credit card or bank account ?
Someone please be kind enough to help ! thanks
EDIT : also if someone can explain how the potentional sender of money to me can send me and where can i receive that, i mean where he can send me that
Last edited by balkanvodka; 12-19-2016 at 01:17 AM.
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Bitcoins are a bit different to normal payment methods in that they are decentralized. So there's not really an "account" to open on any one particular site.
You'll need a bitcoin "wallet" and you will have an address that people can send bitcoins to. I personally use MultiBit. Downloading it and installing it will guide you through the process of setting up a bitcoin wallet.
Now to receive payments, you can take payments directly to your address, or you can use a Bitcoin payment gateway. For example: GoCoin, BitPay, CoinPayments or one of the hundreds out there. You'll just have to find the one that best suits your needs.
To get the bitcoins into real money is where you need to "sell" your bitcoins. You can do this from many websites such as Coinbase, Localbitcoins and many more you can find just searching for bitcoin exchanges.
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balkanvodka (1 members gave Thanks to Smitten for this useful post)
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Member
Originally Posted by
Smitten
Bitcoins are a bit different to normal payment methods in that they are decentralized. So there's not really an "account" to open on any one particular site.
You'll need a bitcoin "wallet" and you will have an address that people can send bitcoins to. I personally use
MultiBit. Downloading it and installing it will guide you through the process of setting up a bitcoin wallet.
Now to receive payments, you can take payments directly to your address, or you can use a Bitcoin payment gateway. For example:
GoCoin,
BitPay,
CoinPayments or one of the hundreds out there. You'll just have to find the one that best suits your needs.
To get the bitcoins into real money is where you need to "sell" your bitcoins. You can do this from many websites such as
Coinbase,
Localbitcoins and many more you can find just searching for bitcoin exchanges.
Okay and for example i use wallet at multybit and someone else uses wallet at some other site, hes still able to send me cash to my site?
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Correct. The site you use doesn't matter, it's all the same service and infrastructure. The site or program is just a different interface to the platform.
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Post Thanks / Like - 1 Thanks
balkanvodka (1 members gave Thanks to Smitten for this useful post)
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Member
Originally Posted by
Smitten
Correct. The site you use doesn't matter, it's all the same service and infrastructure. The site or program is just a different interface to the platform.
okay, one last question! sorry im boring you, for example i decide to send some cash to someone , i can upload money into my multybit wallet easy? and does it takes days to upload cash and send or like paypal its instant sent ?
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OwnedCore News Correspondent
To change bitcoin to real money, you essentially have to do an exchange of currency as if you were doing USD to YEN or whatever country you wish. So to do Bitcoin, you will need to head to a bitcoin exchange company. I haven't dealt with any for over 4 years, so I don't know of any reputable exchanges anymore. Either do your own research regarding this, or perhaps Smitten knows a good one for that in today's market.
I used to use a company, but they got bought out. It was a Canadian local company, and I never actually exchanged to money, I bought coins for money to use. ;s
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balkanvodka (1 members gave Thanks to Veritable for this useful post)
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Member
Originally Posted by
Smitten
Bitcoins are a bit different to normal payment methods in that they are decentralized. So there's not really an "account" to open on any one particular site.
You'll need a bitcoin "wallet" and you will have an address that people can send bitcoins to. I personally use
MultiBit. Downloading it and installing it will guide you through the process of setting up a bitcoin wallet.
Now to receive payments, you can take payments directly to your address, or you can use a Bitcoin payment gateway. For example:
GoCoin,
BitPay,
CoinPayments or one of the hundreds out there. You'll just have to find the one that best suits your needs.
To get the bitcoins into real money is where you need to "sell" your bitcoins. You can do this from many websites such as
Coinbase,
Localbitcoins and many more you can find just searching for bitcoin exchanges.
Originally Posted by
Smitten
Correct. The site you use doesn't matter, it's all the same service and infrastructure. The site or program is just a different interface to the platform.
https://s30.postimg.org/5hrwvobgh/ffff.png is this how it should look exactly ? i pretty much just downloaded app..havent even made any accounts..
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If it asked you to set up a wallet then it's fine. I use it on my desktop and haven't used the phone version so can't say if it asked you on that or not
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balkanvodka (1 members gave Thanks to Smitten for this useful post)
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Member
Originally Posted by
Smitten
If it asked you to set up a wallet then it's fine. I use it on my desktop and haven't used the phone version so can't say if it asked you on that or not
i made some backup etc soo i guess im fine, will try this with first possible oportunity , closing this thread and thank you wery much for answers and effort !
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Member
lol cant close it