Disclaimer: This is an educational tutorial to understand Bitcoin, not investment advice. The closer I got to buying, the more confused and worried about the whole thing Win64 bitcoin wallet got.
With the ongoing surge in interest and media coverage, the conversation gets louder and louder, and so much harder to ignore. Bitcoin could have huge implications for everyone’s future. I felt it was time to try again. Not to make money, but to understand what the hell all the fuss was about. The itch led me down a rabbit hole of research, fueled by fascination and excitement. It also became obvious that today it’s far easier to buy Bitcoin than it was 4 years ago.
Today I’m the proud owner of 0. In this guide, I take you through the exact steps I followed to buy Bitcoin. The process itself took about 15 minutes. But before we get to the tutorial steps, it’s really important to know what we’re getting into. Increasingly I hear from students making mistakes due to rushing into Bitcoin because of all the hype. There’s so much fragmented or misleading information out there. But Bitcoin is much more than a currency, and this is why people often get confused.
20 at a restaurant on a Visa debit card. That transaction must be processed through a card machine, Visa, your bank and the merchant bank. At each step, communication and verification takes place. Bitcoin’s promise is removing all of this friction involved in the verification, whilst also making payments much more secure.