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Many financial commentators are now promoting the (many) benefits of both owning bitcoin and using
BTC in their everyday financial transaction life.
To get started, you will need a wallet. Bitcoins can only exist in a wallet.
You can get a wallet from many different places and they are free.
At present we recommend getting your wallet at Xapo.com.
Its pretty easy and straight forward to start your wallet, but let walk through it together now everyone understands.
Watch Video For Tutorial: https://goo.gl/AUctPK
When you set up your wallet, you will have two things:
1) a public key and
2) a private key.
The public key (known as a Bitcoin wallet address) you can give out to anyone. That is how they can send you Bitcoin.
The private key should be kept secure.
This is the key to the kingdom. Anyone with access to this key controls all of the Bitcoin in this wallet.
You may want to Write down this key and keep it very safe and hidden.
Never give to anyone, you would not share your bank account with. It is effectively the same thing.
The most important thing to remember is to keep your private key somewhere safe and secure.
If you lose it, you will lose your Bitcoins.
There is no easy way to get it back.
Write it down and put it wherever you keep important documents like your birth certificate and passports.
You can also find people who are looking to sell their Bitcoin at LocalBitcoins.com.
Once you have a willing seller and your wallet address, you give that address to the person who wants to sell the Bitcoins,
and they transfer Bitcoins to you from their wallet.
In about 3-6 minutes, the transaction will be confirmed by Bitcoin miners, you will see it hit your account,
and you give the person the cash.