How To Create A Bitcoin Wallet

How Can I Have Bitcoins?

With the popular demand for Bitcoins over the years and the rise of its value, it is time to invest in Bitcoin.

How do I get Bitcoins?

To begin with, you must get digital. You aren’t going to have Bitcoin at your local shop or when you are hustling down the street. As a digital currency, it is used only in the digital world. In other words, you must be a citizen of the digital world, whose major tools are an internet connection and a smartphone or laptop/computer.

That said, you need a wallet. There are two types of Bitcoin wallets. Offline Wallets and Online Wallets.

With offline wallets also known as cold storage, you have control over your Bitcoin. It is an application that you download and store on your laptop desktop, smartphone. With an offline wallet, you hold the key to the wallet. You can do transactions with it once you are connected to the internet. As soon as you are offline, your money goes offline and is secured with you. It has its own loopholes. It requires extensive security. If you lose your security key, you can begin to kiss goodbye to your money. Computer failures, theft of phones and laptops are some of the security risks that come with offline wallets.

Think of an offline wallets as the old good wooden or metal boxes in which you used to hide your money. I used to visit that money only during the Xmas season. Those boxes were as good as they were kept safely. But once the bad guy in the neighborhood knows you’ve got something under your bed, that security is no longer guarantee. The applications offering offline wallets vary in quality and security measures.

Online wallets on the other hand are run differently from offline wallets. With them, you entrust your Bitcoins to an online service providing wallets. They provide the security of your funds. They have advantages and a dark side as well. One of the advantage is giving you the flexibility to transfer funds from one service to another. The major disadvantage of these services is security. In choosing which one to save you Bitcoin in, you have to look at the trustworthiness and security of the service provider.

They are several online wallet providers. However, so many of them have some limitations in terms of the country of the user and mining fees.

So in choosing an online wallet provider, take into consideration limitations that may applied to your country. Some of these wallet providers still consider some part of the world as still not worthy of trust. The most aching part about them is accepting payments that come from Cameroon and African countries but refusing to make payment into these countries.

Security reasons and trust are some of their reasons. Nothing could be this unfair!

They have no trouble when we are doing payments outside of Cameroon and Africa. We are trusted when they are collecting our money. When it is time to pay back the favor, we become untrustworthy, scammers.

Nonsense!

I have vowed never to use any online financial service that will accept my money but refuse to that I receive payments through them.

Once you identify a good wallet provider, you need to open an account with them. Once you have an account, you will have access to a wallet in which you can store your Bitcoins.

Now you are ready to speak the digital language.

Among the hundreds of online providers, one stands to be the most convenient for Cameroonians and Africans in general.

That is Coinpayments. I love Coinpayments because it supports Bitcoins and 60 other crypto currencies. They provide you with the possibility of converting your Bitcoin into other digital currencies like Lite Coin, Alt Coin...

Moreover, Coinpayments has the lowest mining fee in the markets. With personal accounts, the mining fee is 0.0002 BTC per transaction, no matter the amount of Bitcoin you are sending. Other wallet providers charge more and per the volume of your transaction.

Coinpayments does not charge its clients when they are receiving funds. Other wallets providers charge you for sending and receiving funds.

Above all, Coinpayments is fast and secure. It takes less than 10 minutes for a Bitcoin transaction to receive 3 confirmations with Coinpayments.

Once you have a wallet, you will need to buy Bitcoins or Invest in an activity that generates Bitcoins. 

Create a wallet by clicking HERE.

Do you want me to investigate any online program?

Do you want to buy Bitcoins and you don't know how to go about it?

Are you just a curious reader?

Follow my blog; 

Ask  question;

Leave an note in the comment section and I will get back to you as soon as I can.

Join and Like our Facebook Group African Bitcoin Community