Before you jump into the water, please keep in mind:
Bitcoin is still considered as an experimental new currency that is in active development. Although it becomes less experimental as usage grows, you should keep in mind that Bitcoin is a new invention that is exploring ideas that have never been attempted before. As such, its future cannot be predicted by anyone.
The price of a bitcoin can unpredictably increase or decrease over a short period of time due to its young economy, novel nature, and sometimes illiquid markets. Consequently, keeping your savings with Bitcoin is not recommended at this point. Bitcoin should be seen like a high risk asset, and you should never store money that you cannot afford to lose with Bitcoin. If you receive payments with Bitcoin, many service providers can convert them to your local currency.
Getting Started
Create a BitCoin Wallet.
There are two types of BitCoin Wallet
- Web Wallet - Go to blockchain.info and (or) coinbase.com to create an online or web BitCoin wallet.
- Software Wallet - go to bitcoin.org to download and install BitCoin client.
Like in real life, your wallet must be secured.
Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, Bitcoin can provide very high levels of security if used correctly. Always remember that it is your responsibility to adopt good practices in order to protect your money
Get BitCoin
There are sites that offer FREE BitCoin. Their main purpose is to introduce BitCoin to the world. You can find some of these sites listed in this blog.
Or you can get BitCoin by exchange your local currency to BitCoin by using service of BitCoin Exchange, - If you are using online or web wallet (BlockChain.Info and CoinBase.com, usually they also offering exchange service)
Use BitCoin
There's an increasing amount of businesses and individuals accepting bitcoins the same way they do with dollars or euros.
Visit this page if you want to see a list of places accepting bitcoins.
