Topic: Bought some btc ... now what? (Read 1126 times)
Thx all. Here is where I am at. I downloaded multibit and plan on using that for now. I also have the Android app on my phone. So could I end up using one as sort of a small checking account say my Android then save most on my Multibit Acct (since it seems more secure) anyone doing this yet?
I recently transferred all my BTC from QT to Electrum. Too much poncing around with the blockchain on QT. Also, if you make a mistake with a backup or your computer crashes you have possibly lost all your BTC.
Will still keep QT up to date just in case of problems.
Electrum can be downloaded on any computer using the same seed and they will all synchronise with each other. Computer crashes, no problem, just download again and use your seed, up and running again in minutes.
Will still keep QT up to date just in case of problems.
Electrum can be downloaded on any computer using the same seed and they will all synchronise with each other. Computer crashes, no problem, just download again and use your seed, up and running again in minutes.
Bitcoin-QT is almost done sync-ing...lol. I started last night around 11pm and it is now 8:30am.
MultiBit is a good choice for new users. It is both lightweight and secure.
That is why I recommended that client.
MultiBit is a good choice for new users. It is both lightweight and secure.
bitcoin-qt should the best, did you try redownload and reinstall it? Online wallet are dangerous....
thx for all replies....Been trying to run bitcoin qt and I get "failed to read block" is it compatible with 64 bit win? I was playing around and through this website found ppcoin and got that wallet to run, maybe running 2 isn't compatible? Looks like multibit will load easy enough.... also I purchased through coinbase is there a better alternative in the usa?
Running 2 different wallets at once should not be a problem.The solution to your Bitcoin-QT problem might be to start the program with the -reindex flag.
That means you must run (for example - this depends upon where you installed Bitcoin):
C:\Program Files\Bitcoin\bitcoin-qt.exe -reindex
And yes, I think CoinBase is the best way to buy Bitcoins in the USA right now.
Hey all, I just purchased some btc and was curious when it clears whats my next step? Where do I keep it? I tried to download the btc qt but it errors out. I was hoping to send some to btc-e to trade for other alt coins and send some to a wallet... not sure how to setup a wallet, digital or physical. Any help would be great thx
Secure your wallet and put a really long password so no body can get it.....
Hey all, I just purchased some btc and was curious when it clears whats my next step? Where do I keep it? I tried to download the btc qt but it errors out. I was hoping to send some to btc-e to trade for other alt coins and send some to a wallet... not sure how to setup a wallet, digital or physical. Any help would be great thx
Secure your wallet and put a really long password so no body can get it.....
I've downloaded Bitcoin-QT, now just waiting for it to sync up and I'll be transferring everything off of CoinBase.
Thank you for the tip about using a software wallet, btw. I appreciate it.
Thank you for the tip about using a software wallet, btw. I appreciate it.
thx for all replies....Been trying to run bitcoin qt and I get "failed to read block" is it compatible with 64 bit win? I was playing around and through this website found ppcoin and got that wallet to run, maybe running 2 isn't compatible? Looks like multibit will load easy enough.... also I purchased through coinbase is there a better alternative in the usa?
1. Put the bitcoins in a secure, offline wallet.
2. Hold them until the price rises to a certain point.
3. Decide if you want to sell or keep on holding them.
4.
5. Profit.
2. Hold them until the price rises to a certain point.
3. Decide if you want to sell or keep on holding them.
4.
5. Profit.
re one of the responses above -- coinbase is not a wallet. if we're going to call it that, it's a 3rd party wallet that does not give you control over your bitcoins. if anything happens to coinbase, your coins are in jeopardy. get your own wallet. qt, electrum, multibit -- all are great. encrypt it well and make backups.
don't trust any 3rd party to hold your coins. if there is one lesson for newbies to learn, that is it.
p.s. coinbase sucks anyway
don't trust any 3rd party to hold your coins. if there is one lesson for newbies to learn, that is it.
p.s. coinbase sucks anyway
+1. Right now your next step is download your wallet. I recommend qt, and transfer your bitcoins to this wallet. Then make some backups and store them. Keep your coins and enjoy the ride
What's the link for QT? I'll give them a look. How quickly do they transfer $$ to / from your bank account, payment recipients, etc...
http://bitcoin.org/en/choose-your-wallet
Choose from the first category: "Software wallets".
"Bitcoin-Qt" is the one they were talking about. I recommend you MultiBit.
re one of the responses above -- coinbase is not a wallet. if we're going to call it that, it's a 3rd party wallet that does not give you control over your bitcoins. if anything happens to coinbase, your coins are in jeopardy. get your own wallet. qt, electrum, multibit -- all are great. encrypt it well and make backups.
don't trust any 3rd party to hold your coins. if there is one lesson for newbies to learn, that is it.
p.s. coinbase sucks anyway
don't trust any 3rd party to hold your coins. if there is one lesson for newbies to learn, that is it.
p.s. coinbase sucks anyway
+1. Right now your next step is download your wallet. I recommend qt, and transfer your bitcoins to this wallet. Then make some backups and store them. Keep your coins and enjoy the ride
What's the link for QT? I'll give them a look. How quickly do they transfer $$ to / from your bank account, payment recipients, etc...
re one of the responses above -- coinbase is not a wallet. if we're going to call it that, it's a 3rd party wallet that does not give you control over your bitcoins. if anything happens to coinbase, your coins are in jeopardy. get your own wallet. qt, electrum, multibit -- all are great. encrypt it well and make backups.
don't trust any 3rd party to hold your coins. if there is one lesson for newbies to learn, that is it.
p.s. coinbase sucks anyway
don't trust any 3rd party to hold your coins. if there is one lesson for newbies to learn, that is it.
p.s. coinbase sucks anyway
+1. Right now your next step is download your wallet. I recommend qt, and transfer your bitcoins to this wallet. Then make some backups and store them. Keep your coins and enjoy the ride
Get a wallet and keep it! Dont lose it!!
re one of the responses above -- coinbase is not a wallet. if we're going to call it that, it's a 3rd party wallet that does not give you control over your bitcoins. if anything happens to coinbase, your coins are in jeopardy. get your own wallet. qt, electrum, multibit -- all are great. encrypt it well and make backups.
don't trust any 3rd party to hold your coins. if there is one lesson for newbies to learn, that is it.
p.s. coinbase sucks anyway
don't trust any 3rd party to hold your coins. if there is one lesson for newbies to learn, that is it.
p.s. coinbase sucks anyway
What is the transfer time on those wallets you're recommending?
re one of the responses above -- coinbase is not a wallet. if we're going to call it that, it's a 3rd party wallet that does not give you control over your bitcoins. if anything happens to coinbase, your coins are in jeopardy. get your own wallet. qt, electrum, multibit -- all are great. encrypt it well and make backups.
don't trust any 3rd party to hold your coins. if there is one lesson for newbies to learn, that is it.
p.s. coinbase sucks anyway
don't trust any 3rd party to hold your coins. if there is one lesson for newbies to learn, that is it.
p.s. coinbase sucks anyway
First you should have downloaded a wallet first before buying any BTC. They need to know the address to send it to.
Don't listen to the first two, they're advertising themselves, look at their links they offer, only profits them while barely helping you.
Here's what you do
!) Download a wallet, because QT doesn't work for you download a different one
2) Run it and wait for it to sync with the network, should take 8+ hours maybe
3) Go to the address tab
4) There you click on 'create new address'
5) Give that address you created to the person
6) They will send BTC to that address
7) Then you will see it appear in your wallet
Don't listen to the first two, they're advertising themselves, look at their links they offer, only profits them while barely helping you.
Here's what you do
!) Download a wallet, because QT doesn't work for you download a different one
2) Run it and wait for it to sync with the network, should take 8+ hours maybe
3) Go to the address tab
4) There you click on 'create new address'
5) Give that address you created to the person
6) They will send BTC to that address
7) Then you will see it appear in your wallet
I cover all of this in my book Bitcoin step by Step.
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