How To Set Up a Bitcoin Wallet

This guide will demonstrate you how to create and set up your very first Bitcoin wallet (an “account”). But very first:

What is a Bitcoin Wallet?

A “wallet” is basically the Bitcoin equivalent of a bank account. It permits you to receive bitcoins, store them, and then send them to others. There are two main types of wallets. A software wallet is one that you install on your own computer or mobile device. You are in finish control over the security of your coins, but they can sometimes be tricky to install and maintain. A web wallet or hosted wallet is one that is hosted by a third party. They are often much lighter to use, but you have to trust the provider to maintain high levels of security to protect your coins. There are four main wallets that we recommend for beginners.

Coinbase

Sending coins with Coinbase

Coinbase is a web wallet with a plain design and a number of very useful features that make it excellent for beginners. You can send and receive bitcoins via email and buy and sell bitcoins directly from Coinbase. A full-featured Android app enables access to all account functions on the go. Coinbase’s founders have a proven startup track record and have raised money from very prominent venture capitalists. This gives Coinbase a level of legitimacy unparalleled in the Bitcoin space. They are also one of the only large Bitcoin companies to never suffer a major hack. Click here to sign up.

Electrum

Sending coins with Electrum for Windows

Electrum is a software wallet that enables you to set up a strong level of security very quickly. During the elementary installation process, you are given a twelve word phrase that will permit you to recover all of your bitcoins in the event that your computer fails. Your wallet is also encrypted by default which helps protect your coins against hackers. Electrum is available for Windows, OSX, and Linux and is our recommended software wallet for beginners. Click here to download the right version for your operating system.

Bitcoin Wallet for Android and Blackberry

For those looking for mobility and security, we recommend the simply-titled Bitcoin Wallet mobile app. There is a version for both Android and BlackBerry OS. It is a software wallet, so you retain finish control over your bitcoins. It also works well with QR codes and NFC, making transferring coins to someone else’s phone lighter than writing a check. Be sure to backup your wallet (with the included “Backup Wallet” feature) or you risk losing all your coins the next time you get too close to a pool.

Blockchain.info

One of the quickest and easiest ways to get a Bitcoin wallet is to simply go to Blockchain.info and pack out their brief requirements. Blockchain.info is another web wallet like Coinbase and provides a ordinary setup and mobile access to your account via their Android app. They also provide a number of other useful services to the Bitcoin community.

Other Wallets

We also recommend a few other wallets, but not for the beginning Bitcoin user. If you are up for more of a challenge, Armory is a good choice for those requiring the highest possible security, and the original Bitcoin-Qt client is also trusted and worth learning how to use.

Next Steps

Now that you have a wallet set up, it’s time to learn how to get some bitcoins.

Three Ways To Set Up a Bitcoin Wallet (How to Guide)

How To Set Up a Bitcoin Wallet

This guide will display you how to create and set up your very first Bitcoin wallet (an “account”). But very first:

What is a Bitcoin Wallet?

A “wallet” is basically the Bitcoin equivalent of a bank account. It permits you to receive bitcoins, store them, and then send them to others. There are two main types of wallets. A software wallet is one that you install on your own computer or mobile device. You are in finish control over the security of your coins, but they can sometimes be tricky to install and maintain. A web wallet or hosted wallet is one that is hosted by a third party. They are often much lighter to use, but you have to trust the provider to maintain high levels of security to protect your coins. There are four main wallets that we recommend for beginners.

Coinbase

Sending coins with Coinbase

Coinbase is a web wallet with a ordinary design and a number of very useful features that make it excellent for beginners. You can send and receive bitcoins via email and buy and sell bitcoins directly from Coinbase. A full-featured Android app enables access to all account functions on the go. Coinbase’s founders have a proven startup track record and have raised money from very prominent venture capitalists. This gives Coinbase a level of legitimacy unparalleled in the Bitcoin space. They are also one of the only large Bitcoin companies to never suffer a major hack. Click here to sign up.

Electrum

Sending coins with Electrum for Windows

Electrum is a software wallet that enables you to set up a strong level of security very quickly. During the ordinary installation process, you are given a twelve word phrase that will permit you to recover all of your bitcoins in the event that your computer fails. Your wallet is also encrypted by default which helps protect your coins against hackers. Electrum is available for Windows, OSX, and Linux and is our recommended software wallet for beginners. Click here to download the right version for your operating system.

Bitcoin Wallet for Android and Blackberry

For those looking for mobility and security, we recommend the simply-titled Bitcoin Wallet mobile app. There is a version for both Android and BlackBerry OS. It is a software wallet, so you retain finish control over your bitcoins. It also works well with QR codes and NFC, making transferring coins to someone else’s phone lighter than writing a check. Be sure to backup your wallet (with the included “Backup Wallet” feature) or you risk losing all your coins the next time you get too close to a pool.

Blockchain.info

One of the quickest and easiest ways to get a Bitcoin wallet is to simply go to Blockchain.info and pack out their brief requirements. Blockchain.info is another web wallet like Coinbase and provides a ordinary setup and mobile access to your account via their Android app. They also provide a number of other useful services to the Bitcoin community.

Other Wallets

We also recommend a few other wallets, but not for the beginning Bitcoin user. If you are up for more of a challenge, Armory is a good choice for those requiring the highest possible security, and the original Bitcoin-Qt client is also trusted and worth learning how to use.

Next Steps

Now that you have a wallet set up, it’s time to learn how to get some bitcoins.

Three Ways To Set Up a Bitcoin Wallet (How to Guide)

How To Set Up a Bitcoin Wallet

This guide will display you how to create and set up your very first Bitcoin wallet (an “account”). But very first:

What is a Bitcoin Wallet?

A “wallet” is basically the Bitcoin equivalent of a bank account. It permits you to receive bitcoins, store them, and then send them to others. There are two main types of wallets. A software wallet is one that you install on your own computer or mobile device. You are in accomplish control over the security of your coins, but they can sometimes be tricky to install and maintain. A web wallet or hosted wallet is one that is hosted by a third party. They are often much lighter to use, but you have to trust the provider to maintain high levels of security to protect your coins. There are four main wallets that we recommend for beginners.

Coinbase

Sending coins with Coinbase

Coinbase is a web wallet with a ordinary design and a number of very useful features that make it excellent for beginners. You can send and receive bitcoins via email and buy and sell bitcoins directly from Coinbase. A full-featured Android app enables access to all account functions on the go. Coinbase’s founders have a proven startup track record and have raised money from very prominent venture capitalists. This gives Coinbase a level of legitimacy unparalleled in the Bitcoin space. They are also one of the only large Bitcoin companies to never suffer a major hack. Click here to sign up.

Electrum

Sending coins with Electrum for Windows

Electrum is a software wallet that enables you to set up a strong level of security very quickly. During the ordinary installation process, you are given a twelve word phrase that will permit you to recover all of your bitcoins in the event that your computer fails. Your wallet is also encrypted by default which helps protect your coins against hackers. Electrum is available for Windows, OSX, and Linux and is our recommended software wallet for beginners. Click here to download the right version for your operating system.

Bitcoin Wallet for Android and Blackberry

For those looking for mobility and security, we recommend the simply-titled Bitcoin Wallet mobile app. There is a version for both Android and BlackBerry OS. It is a software wallet, so you retain finish control over your bitcoins. It also works well with QR codes and NFC, making transferring coins to someone else’s phone lighter than writing a check. Be sure to backup your wallet (with the included “Backup Wallet” feature) or you risk losing all your coins the next time you get too close to a pool.

Blockchain.info

One of the quickest and easiest ways to get a Bitcoin wallet is to simply go to Blockchain.info and pack out their brief requirements. Blockchain.info is another web wallet like Coinbase and provides a ordinary setup and mobile access to your account via their Android app. They also provide a number of other useful services to the Bitcoin community.

Other Wallets

We also recommend a few other wallets, but not for the beginning Bitcoin user. If you are up for more of a challenge, Armory is a good choice for those requiring the highest possible security, and the original Bitcoin-Qt client is also trusted and worth learning how to use.

Next Steps

Now that you have a wallet set up, it’s time to learn how to get some bitcoins.

Three Ways To Set Up a Bitcoin Wallet (How to Guide)

How To Set Up a Bitcoin Wallet

This guide will display you how to create and set up your very first Bitcoin wallet (an “account”). But very first:

What is a Bitcoin Wallet?

A “wallet” is basically the Bitcoin equivalent of a bank account. It permits you to receive bitcoins, store them, and then send them to others. There are two main types of wallets. A software wallet is one that you install on your own computer or mobile device. You are in accomplish control over the security of your coins, but they can sometimes be tricky to install and maintain. A web wallet or hosted wallet is one that is hosted by a third party. They are often much lighter to use, but you have to trust the provider to maintain high levels of security to protect your coins. There are four main wallets that we recommend for beginners.

Coinbase

Sending coins with Coinbase

Coinbase is a web wallet with a plain design and a number of very useful features that make it excellent for beginners. You can send and receive bitcoins via email and buy and sell bitcoins directly from Coinbase. A full-featured Android app enables access to all account functions on the go. Coinbase’s founders have a proven startup track record and have raised money from very prominent venture capitalists. This gives Coinbase a level of legitimacy unparalleled in the Bitcoin space. They are also one of the only large Bitcoin companies to never suffer a major hack. Click here to sign up.

Electrum

Sending coins with Electrum for Windows

Electrum is a software wallet that enables you to set up a strong level of security very quickly. During the elementary installation process, you are given a twelve word phrase that will permit you to recover all of your bitcoins in the event that your computer fails. Your wallet is also encrypted by default which helps protect your coins against hackers. Electrum is available for Windows, OSX, and Linux and is our recommended software wallet for beginners. Click here to download the right version for your operating system.

Bitcoin Wallet for Android and Blackberry

For those looking for mobility and security, we recommend the simply-titled Bitcoin Wallet mobile app. There is a version for both Android and BlackBerry OS. It is a software wallet, so you retain accomplish control over your bitcoins. It also works well with QR codes and NFC, making transferring coins to someone else’s phone lighter than writing a check. Be sure to backup your wallet (with the included “Backup Wallet” feature) or you risk losing all your coins the next time you get too close to a pool.

Blockchain.info

One of the quickest and easiest ways to get a Bitcoin wallet is to simply go to Blockchain.info and pack out their brief requirements. Blockchain.info is another web wallet like Coinbase and provides a elementary setup and mobile access to your account via their Android app. They also provide a number of other useful services to the Bitcoin community.

Other Wallets

We also recommend a few other wallets, but not for the beginning Bitcoin user. If you are up for more of a challenge, Armory is a good choice for those requiring the highest possible security, and the original Bitcoin-Qt client is also trusted and worth learning how to use.

Next Steps

Now that you have a wallet set up, it’s time to learn how to get some bitcoins.

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