Hi there
Its quite intriguing to know that most users who started exploring blockchain technology had little idea about crypto currency but with much enthusiasm and effort crypto related features are now been familiarize by them, as a result of being curious to know and explore the network properly.
When starting out in the crypto world new users are actually faced with challenges of how to go about lot of things, like how to get their wallet, how to generate a wallet address, how to find a proper investment, lending, exchange platform, and without proper guidance they may end up loosing interest or their total fund to scammers and dubious platforms.
Bitcoin being one of the most popular digital currency has gain lot of users confidence in terms of adopting the currency, and to start with users who are getting started on crypto network are more curious about bitcoin and how they will secure a safe transaction wallet to store their bitcoin properly.
There are multiple Bitcoin wallet a new user can choose from and start storing his bitcoin users are only advice to make sure their private user ID and password are not expose to other third party to avoid loose of asset.
In simple terms, a Bitcoin address is a public identifier for your Bitcoin wallet, acting as a virtual location where the cryptocurrency can be sent. Bitcoin addresses are between 26 and 35 alphanumeric characters long.
A private and public key will be generated for a user when they create a bitcoin wallet the private key shows you're the owner of the wallet while the public key is used to receive fund both keys are link through asymmetric encryption the private key can be used to create a public key which shows the private key is an important key you should never share. set your pin which can be used to login and access your wallet.
Getting your first bitcoin address is quite simple for either Android or iOS user can access mobile wallet of choice from google play store, Apple app store search for bitcoin wallet there are multiple wallet you can choose from make sure you check customer review to avoid downloading a wrong wallet.
when successfully installed you can proceed by securing your wallet by backing up your phrase passcode which can be 12 or 24 random word keep them safety they will be used to restore your wallet should in case you lose your phone.
Your personal bitcoin address is ready for receiving bitcoin cheers.
20% beneficiary setting for @ph-fund
Hi @mccoy02 you're on our Curation List for 500SP Minnowsupport Program.
Please remember to support others in the Newcomers Community by commenting and upvoting their post. Thank you.
You have been upvoted by @rex-sumon, Steem Greeters from STEEM POD Project and we are voting with the Steemit Community Curator @steemcurator03 account to support the newcomers coming into steemit and for curating 500SP Minnowsupport Program 500SP Minnowsupport Program
Follow @steemitblog for the latest update on Steem Community.
Check out the on going contest that happening on Steemit Community right now here Ongoing Contest on Steemit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit