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How to set up a Bitcoin wallet?

Beginner's Guides

by Red Hot Admin 89 Views

How to set up a Bitcoin wallet?

Changelly is the best place you can exchange your cryptos instantly. However, we don’t provide storage service, that is why the recipient wallet address cannot be received directly within our system. That is why, if you wish to buy Bitcoins, you need to obtain the Bitcoin wallet address first. Here we are going to give you some tips on choosing and setting a Bitcoin wallet so that you could indicate it as a recipient, store your coins there and keep on using it for your future transactions.

How to choose the best Bitcoin wallet?

The first official resource where you can get a Bitcoin wallet is Blockchain.info. However, there is a lot of alternative options for setting up a wallet. That is why the first step to getting a wallet and placing your assets there is choosing a right wallet provider.

There are just several points that should be kept in mind while making your decision:

  • desktop wallet, app or hardware wallet – examine these basic types of wallets before making your choice;
  • Bitcoin wallet or multi-currency wallet – some wallets allow storing multiple currencies in one place;
  • built-in exchange option – some wallets, like Coinomi or Exodus, feature built-in exchange service, which can simplify your future operations greatly;
  • the last but not least – provider’s reputation; never entrust your funds to the services with uncertain reputation and always be aware of the fact that fake storage is a wide-spread strategy of crypto fraud.

In case you have several equivalents or nearly equivalent options, pay some attention to the wallet’s fee, that also might be present, and the support service provided, for it is needed sometimes when you have to synchronize or update your wallet.

How to get a Bitcoin wallet: get a step-to-step guide

Normally, setting up a Bitcoin wallet is an intuitively comprehensive three-step procedure. You need to:

  1. Choose a wallet provider
  2. Undergo a registration procedure
  3. Verify your email address

How to buy Bitcoins?

There are several ways to buy Bitcoin for fiat money, including cash, banking card, or any other means of payments of your choice. They differ in velocity, the simplicity of purchase procedure, and the level of anonymity. Please feel free to learn more about possible ways to buy bitcoins.

Changelly platform offers you a way to buy Bitcoins with your banking card swiftly, safely and with minimal authentication procedure. The fiat payment process is powered by our partner Simplex and takes just a few simple steps to take. The purchase option is open both via our website and the Exchange Widget that can be found at our partners’ resources.

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