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This video will show you how to create a free online bitcoin wallet, where you can send, receive and store bitcoins in.
AN IMPORTANT NOTE: Treat this the same as a bank account, but even then much more securely than that. If a hacker gained access to your account, or you gave out your password, your bitcoins could be stolen, and there is ABSOLUTELY nothing you can do in that event. There are no charge backs, and no one will reimburse you. Authorities would not even be able to track down the person who stole them. So be careful!
With that said, these bitcoin wallets are very secure, and can be accessed from your internet browser, or from an app on your phone (blockchain app). The site uses a very cool authentication system that means that even they don’t have access to your bitcoins, only the person with the password does.
Just please read up on the security information of the wallet before you store a large amount of bitcoins there, as I don’t take any responsibility for any coins you might lose. I have used this wallet for a while with no issues.
The site to go to is blockchain.info. Then click the wallet option at the top right.
Then, choose the create wallet option at the top left.
Here you can enter an email if you choose (I would recommend entering one, but if you want to remain completely anonymous then you can).
Then, enter a password that is at least 10 characters long, has an uppercase letter, and a number.
After this, hit continue. It should then pop up with a page with a pneumonic device that can be used for password recovery. WRITE THIS DOWN OR PRINT IT OUT! It is your only option in the case of a lost/forgotten password.
After this hit continue, and then just type in your password to log into your wallet. Here you can do all the things you would do with any other bitcoin wallet, such as receive and send coins.
You can also set up two factor authentication in the settings here, so that it requires a second password for more protection.
Your bitcoin address that you can receive bitcoins on will be on the front page of your wallet in the form of a long string of letters and numbers, as well as a QR code (that can be scanned by a phone). This is the address you can paste into a site such as http://www.bitvisitor.com/?ref=1H4v3X6Yf4SjUndU4r18ybvzzFfdwfoVk8 which will then send you bitcoins. This is also the bitcoin address you would input to a mining pool to receive the bitcoins you have mined.
You can also send bitcoins from this wallet. All you have to do is copy and paste the address you want to send bitcoins to in the send address box. (For instance my address is 1H4v3X6Yf4SjUndU4r18ybvzzFfdwfoVk8 so you could copy and paste that in to send me bitcoins.
Keep in mind that there is a “Miner’s fee” for sending bitcoins. This fee supports the bitcoin network and keep it operating well. Currently the fee is .0001 bitcoins (about 10 cents) per transaction.
If you have any issues just leave a comment below and I will get back to you!