Open a bitcoin account

How to Open Bitcoin account ? If that’s what you’re here for, then you’ve landed exactly where you should have. It’s the elementary step you’re required to take before you can venture out there in the Bitcoin arena. Considering this is the first time you’re ever going to open a Bitcoin account, it’s of utmost importance for us to make sure that you get your hands on the best possible accounts. Because if your first step is taken in the wrong direction, the whole journey might prove futile. So keeping that in mind, I’m enlisting the top 3 platforms which offer a free Bitcoin account, in addition to the maximum level of security and easy user-interface for first-timers. What is a Bitcoin Account? Before diving deep into the details of how to open Bitcoin account, I’ll just skid through this question briefly, just to clear some air. A Bitcoin account is the account which will act as your intermediary for all your Bitcoin transactions. You can send/receive or store Bitcoins in any Bitcoin account. Although it’s recommended that you use an actual Bitcoin wallet to store your Bitcoin funds. In other words, a Bitcoin Wallet can always be used as a Bitcoin account, but a Bitcoin account isn’t always as secure or protected as a Bitcoin wallet. Also, a Bitcoin account is mostly an “ Online Platform ”, while a Bitcoin Wallet is considered more secure when it’s isolated and offline. ( Downloaded on devices!) So, you can use your Bitcoin account to move funds from one account to another, or maybe buy some fresh BTC as well, and then you should move it to the most secure Bitcoin wallet you own. We’ve listed nearly 15 Bitcoin wallets , for every single platform on the planet in our detailed guide on “ The Best Bitcoin Wallets ”. Types of Bitcoin Wallets If you’re asking questions like “ How to open a Bitcoin Account ”, you clearly are new to this. Hence we believe a brief insight into the available types of wallets can’t hurt. It’ll also help you choose a stronger and better Bitcoin Wallet overall. So there are three primary types of Bitcoin Wallets: Hardware Wallets. Software Wallets And Web-based Wallets. Hardware Wallets These are the most secure types of Bitcoin Wallets available. They also are the most expensive, and slightly harder to setup than the other two types. These are physical, hardware devices and resemble as well as function alike USB-sticks. More advanced and modern devices also feature a touch-screen. Anyway, these wallets can only be accessed when they’re physically connected to a system. Hacking them over the Internet isn’t possible. Even if these are stolen or lost, it’s next-to-impossible to steal or get access to the funds. These are best for mid to long-term Bitcoin holds. Not adequate for everyday transactions. You can find the best Bitcoin Hardware Wallets here. Software Wallets These are what you’re probably looking for. These can be downloaded and installed on a

Cryptocurrencies However, on most exchanges, you aren’t the owner of your funds. Meaning, you don’t control your private keys. Meaning, the exchange can technically run away with your funds. They don’t provide a mnemonic seed in most cases either Also, exchanges often require KYC/documentation. This kills any and all anonymity that Crypto was supposed to have. However, wallets, especially “Electrum” requires no identification whatsoever. Point being, if you need a Bitcoin account or wallet, use the ones mentioned above and not an exchange. Final Words: So those were the top 3 platforms as an answer to the question “ How to open Bitcoin account ” folks. There are nearly a hundred other Bitcoin wallets and accounts available on the web. But they can’t be listed as worthy competitors to the above three in terms of Security, Privacy, or User-interface in the very least. Other Hand Picked Article: How to Buy Bitcoins with Credit Card How to Get Bitcoin Free Best Bitcoin Wallets for Desktop How to Buy Bitcoins with PayPal There no doubt might be couple others which are really good at protecting your Bitcoins and functioning as a Bitcoin account, and if you’ve come across those, I’d love to get your thoughts in the comment box and include them in this “ How to open Bitcoin account ” piece ( considering they’re worth it!)

Screen. It’s one of the most important aspects of your Bitcoin account, so make sure you save it, write it down, and save it again just to be sure that you won’t lose it. Make sure you have the seed written down, you’ll need it in the next step. Now type the seed again as a confirmation that you’ve saved your seed. ( “Typing” is mandatory, copy-paste isn’t allowed! ) Once you verify your seed, you’ll be asked to set a password for your Bitcoin account. Done! You just got the first answer to your question How to open Bitcoin Account?. You can now use the Electrum account to send/receive/store Bitcoins, without the fear of losing them. Keep in Mind: It’s a standalone application, meaning once you install it, it reduces itself to just the .exe (executable file). All you need to do in order to access your Electrum account is click on the .exe you downloaded in the first step, and you’ll be granted access to your wallet. Getting the Wallet Address: As this is your first time, let me tell you that you’ll need your “ Wallet Address ” to receive Bitcoins to your account. Simply click on “ receive ” on your electrum wallet and you would be presented with your Bitcoin wallet address which you can use to receive payments. 2. Coinbase Website: Coinbase should be the second weapon of choice when you’re asking questions like How to open a Bitcoin account. That’s because Coinbase is one of the most reputed, established and trusted “ Online Bitcoin Portals ” existing on the planet. The best part? There’s no download required. It’s as easy as signing up for a Facebook or Twitter account. In addition to all that, it offers: Insurance Policy: – It’s basically a feature which kicks in when and if Coinbase goes down for some reason. It ensures that you get your money back no matter what. MultiSig Account: – It’s a MultiSig wallet where you’re the sole owner of your “ private keys ”. The public keys are held by Coinbase, but without the private-keys, no transactions can be made from your account hence you’re secure. Cold-Storage: – Your coins are stored “ Offline ” by Coinbase, which offers the peace of mind you require once you invest in Bitcoins, the assuring fact that it’s in safe hands. Again that was just a glimpse of Coinbase, to introduce you to some of its features. Now let’s get down to the question of how to open Bitcoin account with Coinbase. Head over to Coinbase.com and click on Signup . Fill in the details at the Signup page. ( Which do not take over 1 minute, at a maximum!) A verification link would be sent to the E-mail ID you specified. Login to that E-mail ID, and click on “ Verify Email Address ” button in the mail. Done! The next page would simply take you to your Coinbase account. Getting the Wallet Address: You