How To Create A Bitcoin Wallet

How To Create A Bitcoin Wallet on LocalBitcoins.com

Learn how to create a Bitcoin Wallet, Buy and Sell Bitcoins.

Kindly allow me to show you exactly how to:

  • Create a Bitcoin Wallet
  • Buy and Sell Bitcoins

Let’s get started…


What is a Bitcoin Wallet?

  • A Bitcoin wallet is loosely the equivalent of a physical wallet on the Bitcoin network.
  • The wallet actually contains your private key(s) which allow you to spend the bitcoins allocated to it in the block chain.
  • Each Bitcoin wallet can show you the total balance of all bitcoins it controls and lets you pay a specific amount to a specific person, just like a real wallet.
  • This is different to credit cards where you are charged by the merchant.

How To Create a Bitcoin Wallet?

Step #1:

  • Click HERE to open the LocalBitcoins.com website.
  • Click the Sign up free button.
  • Carefully complete the registration form and click the Submit button.

How To Create a Bitcoin Wallet

Step #2:

  • Carefully complete the registration form and click the Submit button.

How To Creat a Bitcoin Wallet on LocalBitcoins


Now that you have created your free Bitcoin Wallet, it’s time to load some Bitcoins baby!


How To Display Your Bitcoin Wallet Address

In order to receive Bitcoins from other people, you need to send them your Bitcoin Address.

It’s kinda like when someone wants to send you an email, you will have to give them your email address first,
then they will be able to send you an email.

So to display your Bitcoin Wallet Address on LocalBitcoins:

  1. Login to your LocalBitcoins account
  2. Click the Bitcoin tab, it’s located at the upper right-hand side with a Bitcoin icon on it’s left (see the image below)

localbitcoins-wallet-address3. Your Bitcoin Wallet address will be displayed under the heading “Receive bitcoins” (as shown on the image below).

localbitcoins-wallet


How To Buy Bitcoins?

Step #1:

  • Login to your LocalBitcoins Bitcoin Wallet.
  • Click on Buy bitcoins
  • Preferably, buy from an Online Seller, with good rating like 100%
  • Click the Buy button located at the right-hand side on seller’s row
  • Yu will be prompted to enter your password again, enter it and click the Continue button
  • Specify the amount either in BTC or ZAR (or your country’s currency)
  • If you are happy with the seller’s Terms of Trade, click the Buy bitcoins for the amount you specified button

How To Buy Bitcoins on LocalBitcoins


Confirm How Much you want to buy:

How To Buy Bitcoins Online on LocalBitcoins


How To Sell Bitcoins?

So let’s say you have been collecting some Bitcoins through Bitcoin Mining, Bitcoin Exchange communities or even Trading.

Now you want to sell some of them and turn them into normal cash so you can spend your moolah!

  1. Login to your Bitcoin Wallet
  2. Click on Sell Bitcoins
  3. Choose the buyer you wanna trade with, preferably someone with a good rating.
  4. Click the Sell button
  5. Specify the amount either in  ZAR or BTC you want to sell to them
  6. Click the Send Trade Request button

How To Sell Bitcoins on LocalBitcoins


Put the amount you want to Sell:

How To Sell Bitcoins online LocalBitcoins


Watch this Demo Video that shows you how to Register and Create your Bitcoin Wallet:


Watch this Demo Video that shows you How To Buy Bitcoins:


Watch this Demo Video that shows you How To Sell Bitcoins:


That’s how easy it is to create a Bitcoin Wallet, Buy and Sell Bitcoins!

Congratulations, you just created your Bitcoin Wallet : – )


I hope this step-by-step tutorial on How To Create A Bitcoin Wallet, Buy and Sell Bitcoins was helpful : – )

Now that you have your very own Bitcoin Wallet, it’s time to recharge your wallet by putting in some Bitcoins!
The best, fast and safe way to start collecting Bitcoins is through Bitcoin Mining.

Check out Bitcoin Mining HERE.

I would really love to hear from you, please leave me a comment below, ask questions, post suggestions etc…

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Bitcoin Regards
Musa The Giant!
BitcoinMusa@gmail.com
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2 thoughts on “How To Create A Bitcoin Wallet

  1. liz

    what can I buy with it. is it for forex trading. thanks

    1. MusaTheGiant

      Hi,

      You can buy anything with Bitcoins, just like you can anything with physical money.

      No, it’s not forex trading as such,but it can be traded as a currency pair like you would trade USD against other currencies.

      But at the basic level, Bitcoin is a digital money.

      Regards

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