The first and the most important thing about any cryptocurrency is getting the store house in which you can store your currency for further usage. This store house is called a “wallet” a private saving box which is 100% non-accessible to any individual other than the rightful owner.



A “wallet” is basically the Bitcoin equivalent of a bank account. It allows you to receive bitcoins, store them, and then send them to others. There are two main types of wallets. A software wallet is one that you install on your own computer or mobile device. You are in complete control over the security of your coins, but they can sometimes be tricky to install and maintain. A web wallet or hosted wallet is one that is hosted by a third party. They are often much easier to use, but you have to trust the provider to maintain high levels of security to protect your coins. There are four main wallets that we recommend for beginners.



Despite the proof of identity requirements, remember exchanges and wallets don’t provide the same protections banks do.



For example, there is often no or limited insurance for your account if the exchange goes out of business or is robbed by hackers, such as was the case with the infamous failed exchange.



Bitcoin does not have legal status as a currency in most of the world, and authorities usually do not know how best to approach thefts. Some larger exchanges have replaced customer funds after a theft from the exchange itself, but at this stage they are not legally obliged to do so.



Further, if a theft from your personal wallet occurs due to a security or password lapse on your part, you do not have any guaranteed way to recover your funds.

Some existing banks see digital currency refuse to work with funds that were the result of digital currency transactions, citing regulatory uncertainty.

If you live in a city, prefer anonymity or don’t want bank hassles, the easiest option to acquire bitcoin is to make a face-to-face trade with a local seller.



There are security considerations for both buyers and sellers, especially if the trade is a sizeable one. Always meet in a busy public place, don’t meet in private homes and take all the precautions you’d usually taken when walking around with large amounts of cash.



Remember, if you’re meeting face-to-face somewhere, you’ll need to have access to your bitcoin wallet. Whether it’s a smartphone, tablet or laptop, you’ll also need live Internet access to confirm the transaction.

If one-on-one trades aren’t your thing, check out Meetup.com to see if your area has a bitcoin meetup group, where you can do it all in a group setting and learn a lot from the other members in the process.

Source: https://www.greenmealacademy.com/super-guide-earn-free-bitcoin-nigeria-extra/

mealer:
The first and the most important thing about any cryptocurrency is getting the store house in which you can store your currency for further usage. This store house is called a “wallet” a private saving box which is 100% non-accessible to any individual other than the rightful owner.



A “wallet” is basically the Bitcoin equivalent of a bank account. It allows you to receive bitcoins, store them, and then send them to others. There are two main types of wallets. A software wallet is one that you install on your own computer or mobile device. You are in complete control over the security of your coins, but they can sometimes be tricky to install and maintain. A web wallet or hosted wallet is one that is hosted by a third party. They are often much easier to use, but you have to trust the provider to maintain high levels of security to protect your coins. There are four main wallets that we recommend for beginners.



Despite the proof of identity requirements, remember exchanges and wallets don’t provide the same protections banks do.



For example, there is often no or limited insurance for your account if the exchange goes out of business or is robbed by hackers, such as was the case with the infamous failed exchange.



Bitcoin does not have legal status as a currency in most of the world, and authorities usually do not know how best to approach thefts. Some larger exchanges have replaced customer funds after a theft from the exchange itself, but at this stage they are not legally obliged to do so.



Further, if a theft from your personal wallet occurs due to a security or password lapse on your part, you do not have any guaranteed way to recover your funds.

Some existing banks see digital currency refuse to work with funds that were the result of digital currency transactions, citing regulatory uncertainty.

If you live in a city, prefer anonymity or don’t want bank hassles, the easiest option to acquire bitcoin is to make a face-to-face trade with a local seller.



There are security considerations for both buyers and sellers, especially if the trade is a sizeable one. Always meet in a busy public place, don’t meet in private homes and take all the precautions you’d usually taken when walking around with large amounts of cash.



Remember, if you’re meeting face-to-face somewhere, you’ll need to have access to your bitcoin wallet. Whether it’s a smartphone, tablet or laptop, you’ll also need live Internet access to confirm the transaction.

If one-on-one trades aren’t your thing, check out Meetup.com to see if your area has a bitcoin meetup group, where you can do it all in a group setting and learn a lot from the other members in the process.

Source: https://www.greenmealacademy.com/super-guide-earn-free-bitcoin-nigeria-extra/

so op how can we earn free btc