Buying, Selling & Storage

Wallets

• Wallet options (general)
• Hardware wallet (best security): Trezor or Ledger Nano S
• Desktop wallet: Electrum
• Android wallet: Samourai Wallet
• iPhone wallet: GreenAddress
• Web wallet: BitGo

Note that it is NOT recommended that Bitcoin newcomers use the Bitcoin Core wallet. The Core wallet is much more resource intensive than other wallets and will not function properly unless it is running constantly on an active Internet connection.

How to Get Bitcoin

• Buy it online from an exchange
• Buy it directly from someone
• Earn it
• Sell something for it

Exchanges

• List of all cryptocurrency exchanges
• Great for place-and-wait orders
• Harder to get money in and out
• Don’t leave money or store crypto on them
• Only complete trades you understand
• Don’t take “trollbox”advice seriously

Loss Due to Owner Error

• DOH! Accidental loss of 7500 coins in 2013
• Store coins in ways that can’t fail
• Store coins in multiple formats
• Protect physical carriers of coins like any other money

Sending Bitcoin

• Payments are irreversible
• Check vendor policies
• Know the amount in a familiar currency
• Remember the confirmation process