How do i put money in my bitcoin wallet
In other cases, Bitcoin works similarly to a foreign currency. To get appropriate guidance regarding tax compliance for your own jurisdiction, you should contact a qualified accountant. There is a growing number of users searching for ways to spend their bitcoins. You can submit your business in online directories to help them easily find you. You can also display the Bitcoin logo on your website or your brick and mortar business. Getting started with Bitcoin Using Bitcoin to pay and get paid is easy and accessible to everyone.
How to use Bitcoin. Inform yourself Bitcoin is different than what you know and use every day. Choose your wallet You can bring a Bitcoin wallet in your everyday life with your mobile or you can have a wallet only for online payments on your computer.
Get Bitcoin You can get Bitcoin by accepting it as a payment for goods and services. Spend Bitcoin There is a growing number of services and merchants accepting Bitcoin all over the world. Find merchants and products. Inform yourself Bitcoin does not require merchants to change their habits. Processing payments You can process payments and invoices by yourself or you can use merchant services and deposit money in your local currency or bitcoins. If you prefer to keep your bitcoins on your own computer, a desktop wallet is the wallet for you.
A desktop wallet downloads and stores the entire blockchain. That means the wallet will have the entire ledger with every bitcoin transaction ever made. The size of the bitcoin blockchain is 30 gigabyte and growing, so keep that in mind, before going with a desktop wallet solution. The blockchain will take some time, maybe days to download, so you will not be able to deposit and withdraw bitcoins from the wallet until the whole blockchain has been downloaded.
Also, everytime you start the wallet it needs to download all the latest transactions in the blockchain. You also need to make sure the wallet is backed up. Otherwise you will loose all your coins if your hard drive fails. To get the desktop wallet for your bitcoins, go to bitcoin.
Once you have installed the software, open the wallet and select the "Receive coins"-tab. This shows the public bitcoin address for your wallet, which you can use to receive bitcoins on your wallet. Okay, now you have your bitcoin wallet set up and ready to buy your first bitcoins and deposit them to your wallet. Enter your public bitcoin address as mentioned previously in this guide. If you prefer to receive an email confirmation of your exchange from USD to bitcoins you can enter your email address.
You will then be sent to the final step of the easy two-step proces. Transfer the amount of USD you want to exchange to bitcoins through bank transfer to the bank account presented to you. Remember to add the transfer message exactly as shown. The bank transfer can take up to business days to reach the bank account. Once it is received, your exchange will be processed and the bitcoins will be transferred to your bitcoin wallet.
Due to the awesome world of bitcoin, the bitcoins will be transferred to your wallet instantly and after confirmations, depending on your choice of wallet, you will be able to spend your bitcoins to buy goods online.
After you have bought your first bitcoins with USD, you will be able to use the bitcoins for online payments on the websites that accept bitcoin payments. This is a list of some large company already accepting bitcoins as a payment method. And many more coming every day. Welcome to the awesome world of bitcoin.