How to make payment using Bitcoin?

Bitcoin is the first digital currency to eliminate the middleman, banks and payment processors, Bitcoin has become a decentralized, worldwide market that requires only an Internet connection to participate.

Step 1: Register yourself with Bitcoin wallet providers or traders: These sites will allow you to buy a small amount of Bitcoin in exchange for an approximate 1% service charge. Like a bank, they will also store your bitcoin for you on their servers. These are few:

Step 2: Set up your first Bitcoin wallet: If you don’t feel technically competent, it’s perfectly acceptable to ignore the next few steps and just leave your bitcoin in the account where you bought them.

Step 3: Create a public Bitcoin address: Use the wallet you created in the above step to create a public address for you. Think of a public address like an email address in that you can share it with anyone you want to send you email or in this case Bitcoin. A public bitcoin address will be a long string of seemingly random letters and digits like 16BPS8xb5k36MeNLWmfZ1zpjCqbDhgyaHg.

Step 4: Use your bitcoin to invest, shop or make Payment: Make payment to TechAdbox like company, Invest a little for future as it works better than share market. Grab your friends phone, install a wallet for them and send them a tiny amount of bitcoin to get them started.

 

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