Bitcoin

What is Bitcoin?

My understanding is that this is a form of currency not connected to banks and you don’t need credit for it. You get a wallet for the bitcoin and choose a secure place for the wallet. You can use your tablet, computer, or smartphone. All you do is send it from peer to peer.

Which Wallet to Use?

I went to Bitcoin and found there are lots to wallets to choose from. I think I have here of one of them, but this system is new to me. I want to participate in this system to get money, but you need to trust the company you get the wallet from. You need to know details of how long they have been working and if there have been any issues.

Which Device?

I use my desktop a lot. I have lost my laptop so I can’t use that. I do have a couple of smartphones. My problem with using my smartphone is that I have lent it out several times. I would have to change my swipe code and other security measures. It probably is time to do that anyway.

Conclusion

There is a lot of information to learn about this new system for currency. I need to find out which wallet, what device to use, and decide whether to use this for my business or not. I am new to this, hopefully, I can find someone that knows more about this.