Thread: Easy Bitcoin Security

If your not familiar with bitcoin, please feel free to read up on it here...

https://bitcoin.org/en/

After you are familar with the unregulated bitcoin market you can open up a wallet that is linked to your bank account here...

https://www.coinbase.com/

Now before you just start spending bitcoins like dollar bills at a strip club, its important to make sure you take extra security measures. To do this you will want to open up another wallet to act as a proxy. You can do that here...

https://blockchain.info/

Now...when you find a specific "item" you want to purchase. You can...

1. Transfer money directly from your bank account to your coinbase wallet
2. Next, take money from your coinbase wallet and send it to your blockchain wallet.
2. Then send it from your blockchain wallet to your 'item' source's blockchain wallet.
3. He will then transfer the funds from his blockchain wallet to his coinbase wallet, which goes directly to his bank account.

The circle of bitcoin life. It's really simpler than it sounds.

You can add a 3rd wallet if you'd like but it isn't really necessary unless your transferring ungodly amounts.

There are alot of smart people out there that have better ways of doing it i'm sure, but this is as simple as I can make it. I would like to see other ideas posted so I can improve. This little instruct-able is designed to add an extra layer of security to your bitcoin use. There may be some small fees involved with blockchain, but it's minimal.

Don't forget your responsibility of due diligence.

Love you brothers,

Zen