Bitcoin Sign Up, Login, Exchange, Uses and Value

Discussion in 'Cryptocurrencies Investment' started by Olayanju Kabir, Jun 1, 2017.

  1. Olayanju Kabir

    Olayanju Kabir Itz Kofem Staff Member

    Bitcoin is now accepted on so many useful sites for payments like,, and so on. Because most of these sites ask for PayPal or Credit Card, users from countries banned by PayPal can now use Bitcoin to pay them without those companies rejecting their payments.

    What is Bitcoin?

    Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

    You can download Bitcoin software from but that will consume lots internet bandwidth to update to the latest transaction.

    So, as e-payment experts, we will recommend you use third-party wallet like,,,, etc. to avoid the high bandwidth consumption of Bitcoin software during updates.

    How To Create A Bitcoin Account or Wallet - How to make Bitcoin wallet

    How to create Bitcoin wallet Through Coinbase

    Here are the steps to take:

    1. Click HERE to get to Coinbase website.

    2. When you get there, click on Sign Up button.

    3. Type your email and a sophisticated password you want to use to access your account. Then, click on Create an Account tab.

    4. After clicking on Create an Account tab, go to your email for a verification email. Open it and click on the link you will see or Verify My Email Address link.

    5. When you click on the link, you will be taken to agreement page. If you agree to their terms, type your names and click on Accept tab.

    6. You can now create your personal payment page, add your phone number and have it verified for account security. The page to do it will pop-up after clicking on Accept tab.

    7. When you add your phone number, click on Next tab and an sms will be sent to you. If you want to be using mobile phone to control your Coinbase account, then install the app they showed you through the sms you got. If you want to use it on your personal computer like us, then click on text message in the “You can also request a text message or phone call if you don’t have a smart phone.” you will see. NOTE: if you can’t receive sms, you can request for phone call.

    8. Insert the 7 digit code you will receive and click on Verify Phone Number tab.

    9. You’re partially done for now. Do head straight to Account tab and click on it.

    Read also : Why is My Bitcoin Transaction Taking So Long? Here’s Why

    10. You will see My Wallet. You can change it to anything you want. Do click on Rename by the right hand side. Insert any name you want to change My Wallet to something else you preferred.

    11. You can also get the Bitcoin address to all the Wallets you created by clicking on Get Bitcoin Address at the end of the Wallet. You can also create as many Wallets as you want by clicking on + New Account.

    12. What you have done is the basics and can handle some limited amounts of transactions per day. So, to get to a much higher account, you need to add a US bank account. If you need a bank account for verification ONLY, click HERE to buy Virtual US Bank account. It will help you verify it to handle like $3000 worth of Bitcoin transactions per day.

    13. To know what and how to verify, click on Verifications tab in your account. However, you can still be using your account without verification on limited basis.

    How to create Bitcoin wallet Through BlockChain

    Block chain is an online Bitcoin Wallet that allows any people to transfer bitcoins as a payment to any part of the world in just as easy as one – two – three steps. It is a free service which makes easier to send and receive your Bitcoins without the need of Bitcoin client software. It was first released in August 2011 that maintains the list of records involved in the bitcoin transaction.

    Read also : Best Most Rising Crypto Currencies To Invest in 2017

    It’s very easy and simple to create and use wallets on

    Follow the link

    1. Click on “Wallet” button
    2. Click on “Create a new wallet” button

    1. Enter e-mail.
    2. Enter password.
    3. Confirm the password.
    4. Click on “Continue” button.

    Write down, make a screenshot or print the mnemonic password (in the red square on the screenshot). It will help you to recover your password if you forget it!

    Click on “Continue” button.

    1. Enter your password.
    2. Click on “Open Wallet” button.
    (Don’t forget to put down your details in save place incase you forget your account details because you may likely not be able to recover your account when you forget your details )

    bitcoin buy or how to get bitcoins

    User A can send Bitcoin to User B through his or her email address registered on Coinbase provided both are using Coinbase.

    However, if User A is using Bitcoin software or another third-party Bitcoin Wallet like, he cannot send Bitcoin using email address to User B who is a Coinbase member. S/he has to use Bitcoin address instead. Bitcoin address is like this: 1GmYPaWgBbRNJLudNS9oxKnExMEpEvm6yH

    So, in Coinbase, to get your Bitcoin Address or Account Number as case maybe for funding, do login to your account, click on Settings tab, then on Bitcoin Addresses tab and you will see it.

    Read Also : How To Make Money With Bitcoin In Nigeria

    You can also, create more Bitcoin Addresses by clicking on + Create New Address tab. This is the address you give to exchangers like us, friends, clients, etc to fund. But if the exchanger or friends or clients uses Coinbase, just give them the email address you registered on their site. It will go through.

    How To Send Bitcoin Out

    1. Login to your Coinbase or Blockchain account and you will see Send Money and Receive Money tabs.

    2. Click on Send Money tab, insert the Bitcoin address you wanted to, amount either in USD or BTC and click on Send Money.

    If you have any questions base on this kindly drop your comment

    Read also: What is a Crypto currency? everything about Crypto-currency

    Bitcoin Login

    Bitcoin Login is still the same as wallet login, it all depends on the wallet you are using maybe blockchain Or Coinbase so login address may varies depend on wallet.

    Blockchain Login -

    Coinbase Login - -

    How to use bitcoin

    Get some bitcoins with any of these methods:
    • Buy small amounts of Bitcoin online. If you are buying under $2000 of Bitcoin or are new to crypto currencies try one of the combined wallet / bitcoin traders to get rolling. Examples include Coinbase and Xapo. 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.
    • Buy large amounts of Bitcoin via a trading exchange. If you are buying over $2000 of Bitcoin, you will want to take advantage of the lower commission rates offered on an exchange. These exchanges operate like a stock market with bid / ask spreads changing 24 hours a day. Creating an account at an exchange is a similar process to opening a new bank account, you will likely need to give them your real name, contact information and send them money. Different countries and currencies have different Bitcoin exchanges that are best to use in each geography:
      • US Dollars to Bitcoin - Bitfinex, GDAX (owned by Coinbase)
      • Euro to Bitcoin - Kraken
      • Chinese Yuan to Bitcoin - BTCC, Huobi or OKCoin
    • Take money out of a Bitcoin ATMs. Many cities around the world offer a bitcoin ATM where you can trade cash for bitcoin. These ATMs usually charge a 5-8% fee for doing the trade. An up to date list of bitcoin ATMs can be found at
    • Buy bitcoin from a live person offline. All over the world it's possible to give someone a wad of cash and have them load some bitcoins onto your phone. Please only trade small amounts of money till you trust your trading partner. See LocalBitcoins for an offline bitcoin dealer near you.
    • Earn bitcoin. Look for other companies that are willing to hire people in exchange for bitcoin. Or open a store on OpenBazaar (the bitcoin version of eBay) and sell your stuff in exchange for coins.
    • Mine bitcoins. Download and run a "mining" program (CGMiner, for example) on a custom computer that turns math equations into bitcoin. While profitable mining was possible for individuals in the early days of Bitcoin, it's now in the domain of specialized companies.
    • You can also use it to purchase goods and services You can find out E-commerce Website that Accepts Bitcoins As Payment? List of Companies, Stores, Shops
    bitcoin exchange

    bitcoin exchange allows institutions and retail traders to securely buy and sell bitcoins in real-time.

    bitcoin value

    Bitcoin value is not stable it rise from time to time, it's recommended to check latest Value via your wallet.
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