How To Use Your Bitcoin Money

Use a bitcoin wallet to send and receive bitcoins.

How to use your bitcoin money. In order to use a credit card to buy bitcoin you will need to use a bitcoin exchange site. It could be weeks months or even years before you decide to sell. It s easier than many think with bitcoin. Then get a digital wallet on your phone or computer which is where you ll store your bitcoins. Sites like bitfinex and poloniex allows you to make money from your bitcoin through margin funding.

To do this click on the accounts tab open your bitcoin wallet and click receive. Here are four steps to start using bitcoin today. So the answer to the question depends on what you mean by money. If you want to accept any number of bitcoins to go back to the request payment tab and create a new payment request but leave the amount portion blank. Receiving bitcoins is as easy as giving the sender your public address.

First get a bitcoin wallet buy btc and then hope that the price spikes in the future no matter how long that may take. Send and receive bitcoin. Buying and holding bitcoin is one of the most straightforward and most beginner friendly trading strategies out there. If you are willing to risk more you can use the program salt. But since it s about your money it can feel safe with guidance.

As you can see getting started with bitcoin is easy. If by money you mean bitcoin or other cryptocurrency then yes. Create a bitcoin wallet. Sending bitcoin requires a few more steps and since bitcoin transactions are irreversible it is important to pay attention when sending. You will then be shown your bitcoin coinbase wallet address.

It will generate a qr code that scans directly to a public. Send a small amount of bitcoin to the public address you created within your bitcoin wallet using the send function in the place you obtained your bitcoin. Salt allows you to leverage your blockchain assets to secure cash loans. But if by money you mean fiat currency such as a dollar euro or yen then the answer is no. Take the time to do a little bit of research before you make your account.