Setting Up Bit Coin Wallet and Getting Personal Bit Coin Address for transactions.
Bit-coin is a form of Digital Currency that uses peer-to-peer distributed network of computers that are willing to be a part of the network. Bit-Coins are the safest form of currency and transactions done with bit-coins are harder or practically impossible to track. It's used widely by Hackers, Economists for transferring of huge amount of money will little or no worries of high transfer fees. You can read more about bit-coins at #Wikipedia.
Setting Up BitCoin Wallet and Getting Bit-Coin address
- You need to setup your bit-coin wallet to get bit-coin address needed for using bit-coins.
- Bit-Coin wallets are available as Software Wallets to install on PC's, Android Wallets for Android devices and Web Wallets to access online . You can use any of the wallet to get started. Check entire supported list of wallets here.
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| Software Wallets Bit-Coin |
- We are going to use Multi-bit [ A Software Wallet ]. Download and Install Multi-bit [ from here ]
- After installing wait for few seconds while multi-bit client connects to peer-to-peer network. After successful connection, kt will provide you a bit-coin address which can be used to send and receive bit-coins.
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| Multi-Bit Wallet Software Wallet Windows |
