Bitcoins Information.

[Pain]

I'd really appreciate if someone could give me a guide or write explaining how exactly bitcoins work.


What I Know:

-Wallets Exist to hold bitcoins, many are hackable and you run a risk of your bitcoins being lost, I've heard something about a key unique to your own computer etc.

-Bitcoins flux huge amounts it would seem

-Bitcoins transactions are irreversible and unable to chargeback




What I dont know:

-What is the best wallet, and I need to know where/how to do this like,personal computer key thing so I know my bitcoins are safe.

-Where/How do you send/recieve bitcoins

-Is there a way for someone younger then 18(17) without a paypal/bank account/WU to get IRL cash selling bitcoins?

-Is there a way for bitcoins to be changed into gift cards/store credit?

-What exactly is "1" bitcoin, I've seen like crazy decimals of bitcoins and stuff on primedice, if you could explain how the decimal system works with bitcoins it'd be helpful(like is 0.1 =10% of 1 bitcoin, etc).


I tryed to be specific so I could get specific responses.

 

[Superfluous]

Try this: http://www.sythe.org/cryptocurrency-discussion/

 

[Pain]

Try this: http://www.sythe.org/cryptocurrency-discussion/

I would say thats a better section but I could see this belonging here aswell since the online currencys is indeed a market.


I'l leave it here for now and see what kind of responses I get, thanks though.

 

-What is the best wallet, and I need to know where/how to do this like,personal computer key thing so I know my bitcoins are safe.

BlockChain is a good online wallet, you can put two factor on your account to add an extra layer of protection. I have no experience with any offline wallets but if your computer breaks or something, you could potentially lose all your bitcoins I believe.

-Where/How do you send/recieve bitcoins

Your wallet will have a unique address (It'll be something like sdtherERGRSV2W5564b6YVGD45) and the wallet with have a send function where you enter the address and the amount of BTC (You can also type in a USD amount on some) and done. To receive just give the other person your btc address and they'll send, it'll show up in your transaction history ~instantly.

-Is there a way for someone younger then 18(17) without a paypal/bank account/WU to get IRL cash selling bitcoins?

There are websites to sell btc for cash by meeting up irl, but if you don't want to do that then probs not unless you get someone like your parents to receive a payment for you

-Is there a way for bitcoins to be changed into gift cards/store credit?

yes, through sites such as https://pock.io/gift-cards

-What exactly is "1" bitcoin, I've seen like crazy decimals of bitcoins and stuff on primedice, if you could explain how the decimal system works with bitcoins it'd be helpful(like is 0.1 =10% of 1 bitcoin, etc).

They're exactly as they seem. 0.23452345 btc is 0.23452345 * 1 btc.

 

[Pain]

bump, wanting as much info as possible.

 

[Liams Gold Mart]

I use coinbase for my wallet, and I really like it. I've never had to switch for any reason, contact support or complain.