Okechukwu Solomon June 27, 2017 Technology
What is bitcoin address:
A Bitcoin address is a single-use token. Like e-mail addresses, you can send bitcoins to a person by sending bitcoins to one of their addresses. Bitcoin address is like your bank account number, which you can use to receive money from other recipients.
READ ALSO: How to Create a Bitcoin Wallet
However, unlike e-mail addresses, people have many different Bitcoin addresses and a unique address should be used for each transaction.
How Can I Get A free Bitcoin Account?There are many services that provided this services for like Bitx, Coinbase etc but on this platform, I’ll be making use of Blockchain.
Step 1: go to www.blockchain.info and click on wallet
Step 2: click on wallet and you’ll be presented with the image below
Step 3: Fill it and activate it via the link that will be send to your email address.
READ ALSO: How to Recover Your Bitcoin Wallet
Step 4: Login and go straight to your Security Center (Set up the necessary details and your back up)
Step 5: Click on receive and you’ll see your bitcoin address. To receive money from anyone using bitcoin, send them that address and you are good to go.
Step 6: To send money to someone from your bitcoin, click on send, and you’ll see the option to place the receiver bitcoin address, specify the amount you want to send in $ and hit the send button.
READ ALSO: All You Should Know Before Buying a Bitcoin
How Can I Convert My Bitcoin to Physical Cash?
This is not a problem at all, you’ll always see people that want to buy your bitcoin from you everyday. To easily convert it to physical cash without worrying too much on how to get who to buy it from you, go to Bitx.co and sign up.
Once you are signed up, upload your Proof of ID, Wait to be verified
The rest is a work through steps
Another option is to go to Localbitcoins.com, sign up and you are good to go. Don't forget to hit the share and tweet button below.
Drop your questions below using the comment box.
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