How to deposit money into bitcoin wallet
Most point of sales businesses use a tablet or a mobile phone to let customers pay with their mobile phones. Merchants often deposit and display prices in their local currency. In other cases, Bitcoin works similarly to a foreign currency. To get appropriate guidance regarding tax compliance for your own jurisdiction, you should contact a qualified accountant.
There is a growing number of users searching for ways to spend their bitcoins. You can submit your business in online directories to help them easily find you.
You can also display the Bitcoin logo on your website or your brick and mortar business. Getting started with Bitcoin Using Bitcoin to pay and get paid is easy and accessible to everyone. How to use Bitcoin. Inform yourself Bitcoin is different than what you know and use every day. Choose your wallet You can bring a Bitcoin wallet in your everyday life with your mobile or you can have a wallet only for online payments on your computer. Get Bitcoin You can get Bitcoin by accepting it as a payment for goods and services.
Spend Bitcoin There is a growing number of services and merchants accepting Bitcoin all over the world. Find merchants and products. You will also find your bitcoin wallet address. This is also known as your public address. This is the equivalent of your bank account information, which you can share with others so they can send you bitcoins. This is also the address you will use to deposit the bitcoins to your wallet, once you have bought them, which we will show you how to do, later in this guide.
If you prefer to keep your bitcoins on your own computer, a desktop wallet is the wallet for you. A desktop wallet downloads and stores the entire blockchain. That means the wallet will have the entire ledger with every bitcoin transaction ever made. The size of the bitcoin blockchain is 30 gigabyte and growing, so keep that in mind, before going with a desktop wallet solution.
The blockchain will take some time, maybe days to download, so you will not be able to deposit and withdraw bitcoins from the wallet until the whole blockchain has been downloaded.
Also, everytime you start the wallet it needs to download all the latest transactions in the blockchain. You also need to make sure the wallet is backed up. Otherwise you will loose all your coins if your hard drive fails. To get the desktop wallet for your bitcoins, go to bitcoin. Once you have installed the software, open the wallet and select the "Receive coins"-tab.
This shows the public bitcoin address for your wallet, which you can use to receive bitcoins on your wallet. Okay, now you have your bitcoin wallet set up and ready to buy your first bitcoins and deposit them to your wallet. Enter your public bitcoin address as mentioned previously in this guide.
If you prefer to receive an email confirmation of your exchange from USD to bitcoins you can enter your email address. You will then be sent to the final step of the easy two-step proces.
Transfer the amount of USD you want to exchange to bitcoins through bank transfer to the bank account presented to you. Remember to add the transfer message exactly as shown. The bank transfer can take up to business days to reach the bank account.
Once it is received, your exchange will be processed and the bitcoins will be transferred to your bitcoin wallet. Due to the awesome world of bitcoin, the bitcoins will be transferred to your wallet instantly and after confirmations, depending on your choice of wallet, you will be able to spend your bitcoins to buy goods online.