On this page you can find a step by step starter guide on creating your own bitcoin wallet. After this you will be able to send and receive bitcoins!
Creating a bitcoin wallet
Without a wallet, you don’t have a bitcoin address. And without a bitcoin address, you can’t receive or send bitcoins. So the first step is creating your own bitcoin wallet. You have a few different options when choosing a wallet:
Creating an online bitcoin wallet: step by step bitcoin starter guide
Step 1: Creating a bitcoin wallet
There is a whole range of options when choosing an online bitcoin wallet. Coinbase is the most popular one. It’s very easy to navigate and used by over 15 million people. Creating an online wallet with coinbase is possible by clicking this link. By doing so, you’ll get 10$ for free when you buy 100$ worth of bitcoin for the first time.
The next step is to go to your mailbox where you’ll find an email from coinbase to verify your account. Once you have done this, you’ll see the following screen. You can see that your email address is now verified.
Step 2: Verifying your mobile phone
The next step in our bitcoin starter guide is to fill in your mobile phone number. Once you’ve done that, you’ll receive a text message with a short code you have to fill in on the website. After this your mobile phone is linked to your coinbase account. Your wallet is now also secured by the 2-step verification method. No one will be able to login to your account without having and your password and the code you receive on your phone.
When you want to log in the next time, you’ll have to fill in your email address and your password and click ‘sign in’. Almost immediately you’ll receive a text message with a code. Fill this in and you can access your account.
Step 3: Verifying your identity
The third step in our bitcoin starter guide is uploading your ID and coinbase gives you a choice of either uploading your international passport, your driver’s license or your identity card. It’s a necessary thing to do to prevent money laundering. When you clicked the option of your choice, you’ll get two options. Either scanning your ID through your webcam or through the camera on your mobile phone.
When you choose to scan your ID through your webcam, you’ll see a box on your computer screen. Make sure to keep your ID in front of the webcam so it goes between the green lines on your screen and then click ‘OK’.
When you choose to scan your ID through your camera on your mobile phone, you’ll receive a text message with a link. Click on this link and follow the instructions to take a picture of your ID and confirm.
Congratulations! You’ve created a bitcoin wallet with an associated bitcoin address! This address will be used by you to send and receive bitcoins. The address of your wallet can be found under ‘accounts’, ‘BTC wallet’ and by then clicking on ‘request address for bitcoin’. You can find this request button on the right side of your screen and the bitcoin address will look similar to this one: 1LyWYqAuoe9BGqadhu9ZCiwA4XqzyiEAzg
Step 4: Verifying your bank account
The last step in our bitcoin starter guide is verifying your bank account. You enter your bank account and afterwards you’ll see a pop-up window with the account number of coinbase, the name of the recipient and a reference number by which coinbase knows it is your account. Follow these instructions and sent, for example, 0.01$ to the account of coinbase in order to verify it. You can however already sent 100$ and after processing you’ll see the 100$ in your account under ‘Dollar Wallet’ together with the free 10$.
After the bank transfer, it will take 1-2 days before your bank account will be linked to your coinbase account. You will then be able to send money to your coinbase account as well as withdraw money from your coinbase account to your bank account.
Can’t you wait any longer to have your own bitcoins in your possession? Then click here!