Easy to follow guide on using BitCoins / AltCoins to Buy, Sell and Trade.

 

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 This section is designed for the average none computer geek to start using Bitcoin / Altcoin as money.

Better understand Bitcoin Terms - visit our Bitcoin Terms.

 

1. Watch Video (from weusecoins.com )

 

 

1. Signup with CoinBase for free - this will get you your Bitcoin wallet and walk you through the basic steps of using bitcoins.

  • click on  CoinBase and signup, then verify your account by email.
  • Buy your first bitcoin from Coinbase or transfer some bitcoin bits from another source.
  • Accept bitcoin payments using merchant tools.

Once you have completed these tasks you should have a solid understanding of using CoinBase as an online bank for bitcoins.

Note: currently CoinBase will give you some free Bitcoin (BTC) bits to start you off with using the system - unknown for how long this will last!

 

2. Signup with a bitcoin exchange for free - advanced option of trading different types of cryptocurrency - recommended Bitcoin exchanges.

  • Transfer some bitcoins or altcoins in the bitcoin exchange system
  • Purchase bitcoins or altcoins in the bitcoin exchange system
  • Wait for bitcoin / altcoin coins to go up in value + sells fees - then offer to sell coins at a profit.

Once you have completed these tasks you should have a solid understanding of using crypto currency (bitcoins / altcoins) as money.

The experience is very much like trading stocks online with all the same benefits and risks.

The basic goal is to buy low and sell high - keep in mind any fees for sell or transfer fees into the exchange from your wallet.

 

3. Free bitcoins and altcoins - not too much are better than free stuff!

  • Use our Free Bitcoin and Altcoin page to get some coins.
  • Once you have enough altcoins - transfer the altcoins to the exchange to sell or trade recommended Bitcoin exchanges.
  • Once you have enough bitcoins - transfer the bitcoins to your CoinBase bitcoin wallet to use.

 

4. Mine for bitcoins and altcoins as hobby or professional.

 

  

 

 

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