A Bitcoin Starter Guide That Is Safe And Easy. Part 1 of 6.

The purpose of this post is to get our members, and others in our community, comfortable with a new form of currency that is rapidly becoming more mainstream. We have future plans to implement this as a payment processor at State-Of-The-Art-Sites once we feel we have accomplished that goal. Update (02/17/2017): A new payment processor that allows purchases utilizing Bitcoin will be added in about one week.

The only way you are ever going to be comfortable with anything new is to utilize it in your marketing efforts. I outline a simple method below that will you help you test out the waters first risk-free and without any financial investment on your part.

New to Bitcoin? No doubt you’ve seen this thing beginning to gain popularity and you are probably wondering if you should get involved.

Well, the answer is yes, but do not go “all in” without doing some testing first that doesn’t require a financial investment on your part.

The first thing you will want to do is sign-up for a Bitcoin wallet at Coinbase which is one of the best and most secure online wallets according to several reviews out there. You will get your Bitcoin wallet address after doing that.

Then you will want to join Updated (02/27/2017): InfinityTrafficBoost andΒ Moon Bitcoin which are websites that provide a way to collect Bitcoin on a daily basis for FREE! After you reach the minimum amount required, both will deposit Bitcoin in your new wallet.

If you have the means to invest some funds, consider HitsMonkey as it provides “viral” traffic PLUS Bitcoin payments several levels deep if your downline goes pro! Most recently (5/31/2017) I joined ICoinPro which has an outstanding educational section on learning everything Bitcoin. If you have the means, the compensation plan can take your Bitcoin earnings to the next level too.

It’s that easy and it is a safer way to get some initial exposure to a crypto-currency that is starting to make a move in the marketplace. As with anything new, the more you use it, the more comfortable you will feel about it.

This starter guide content and subsequent training will be free of charge. However, if you wish to donate Bitcoins for the help provided, do so here…

Donation Address:Β 1AFoDcG1yyWfS4M7ettwJwFFVSDDQtwDpS

Disclaimer: The content provided on this website is solely for informational purposes and should not be interpreted as an offer to buy or sell. I am merely sharing strategies I have used in the past, that were not developed by me but taught by others, when it comes to investing. As with any investment, you should consult a licensed financial advisor prior to implementing any investment strategy. I am not a investment advisor, broker, or dealer and not liable for errors, omissions, or losses as a result of the use of this content.

To Your Success!

Brad Webb
Co-Founder
State-Of-The-Art-Sites

Was this helpful? If so, please share with somebody else that you believe could benefit from this content. You can do so by using the social media tools at the top of this page.

Contact me at: Facebook – Brad Webb or GPlus – Brad Webb

This entry was posted in Bitcoin Basics Series and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

19 Responses to A Bitcoin Starter Guide That Is Safe And Easy. Part 1 of 6.

  1. Bitcoins…. personally I am extremely reluctant, Payza had problems so how are bitcoins going to differ?

    Bidcoins were started by two Russian guys I understand – unstable and volatile and full of corruption history…..

    • Randy T says:

      Sir Richard Branson is accepting Bitcoin in his Virgin Galactic venture and Overstock.com as well as Amazon and many more including some of the starbucks locations. I wouldn’t be afraid to use it as a pay processor, in fact I intend to invest a small sum of money into it as mant have forcast it to be the biggest winner in 2014. It surpassed Gold and Silver in 2013 by leaps and bounds. It will eventually stabalize once the max amount of bitcoin are produced but, that could be a couple of years from now.
      Randy Tucker

  2. Brad Webb says:

    Maureen, you should be reluctant and that is why I’m suggesting starting out with a no investment vehicle. However, your information is inaccurate about where Bitcoins originated. The Bitcoin concept was started by Satoshi Nakamoto who published the following paper on the subject http://bitcoin.org/bitcoin.pdf. I’m neither endorsing nor rejecting Bitcoins at this point but just like many corporations in the U.S. right now, it is worth researching which I am doing.

  3. Bo Tipton says:

    I am glad you are researching for us. Good information to have. I look forward to hearing more. Quick question. How long did it take you on coinad to get where you could cash out?

    Thanks
    Bo

  4. Brad Webb says:

    Bo, a little over a week but I’ve got a downline in this which I gain Bitcoins from as they accrue so that might not be an accurate gauge to go by. Regardless, the idea is to just get some exposure and get your first transfer started to your Bitcoin wallet. You’re not going to get rich from that but it does start to get you comfortable with how it all works. I just included clicking through ads there in my daily routine like I do many other sites and before I knew it, I was there.

    There are plenty of other Bitcoin PTC out there but the minimum on this one seemed reasonable compared to some of the others I found that would take forever.

  5. Hello Brad and fellow commenters πŸ™‚

    I have been dabbling with bitcoin for over a year now and recently my primary business focus online has implemented it as a transaction mechanism.

    Simply ignore all the pro/con discussions regarding its status and validity as a currency or commodity, and treat it as a means of transacting online to see its true value.

    It can be used by anyone in any country..

    It has extremely low to zero transaction fees..

    There is no chargeback risk..

    The list of benefits could continue for some time yet, however, let me finish by saying that bitcoin (or crypto currencies in general) will become the digital transaction mechanism of choice in the near future.

    Thanks for continuing to be a progressive and responsible ‘Admin’ Brad πŸ™‚

    Nice !

    Peter Watson aka surgreen

    • Randy T says:

      Peter, you are spot on about the wave of the future when it comes to Bitcoin (Crypto-Currency). If you buy something from another country that doesn’t share your form of currency you are essentially using crypto-currency in the transaction anyway.

  6. Brad Webb says:

    Let me play devil’s advocate for a minute with regards to Bitcoin. Both Peter and Randy are correct about the application and potential of the Bitcoin now, as well as, the future. I’ve studied economics and the markets all my life and when you understand what a deflationary currency (Bitcoin) could become when most fiat currencies (Government money) are collapsing, it’s hard not to get excited.

    However, Bitcoin does have flaws (which I will cover in detail later) and it is very unforgiving to those that don’t know what they are doing. Security, using exchanges to covert Bitcoin to local currency, and something as simple as making a mistake with your wallet address (1BBdxh24xdc44reuXFSbwCmDzM1HHMu62A) can be very costly and irreversible.

    It’s hard not to have a pro/con discussion and I appreciate the comments from everybody, but I do want to remind those that are coming in to follow my instructions above, I will go over Bitcoin in digestible segments so you don’t feel like you’re sitting through an economics class.

    For now, just get comfortable using it with amounts that won’t hurt if you make any mistakes.

  7. Diana Grinyer says:

    Hi Brad,

    How many wallets can one person have?

    I have another person suggesting another wallet,
    and I think that is a little confusing. Why not just
    one wallet for all the bitcoins.

    Is one wallet better than another?

    Thanks,

    Diana Grinyer

  8. Brad Webb says:

    Diana,

    This is a part of the education process I will be going through later because I want to do this in stages but I’ll answer your question. You are not limited by the amount of wallets you can have. In fact, it is recommended that you DO NOT keep all of your Bitcoins in one particular wallet but spread them out in several so if you are compromised, you don’t lose everything.

    I personally like blockchain.info because their passwords are encrypted, so as an administrator, they don’t even know your password which is what we use at State-Of-The-Art-Mailer too. You can also restrict access to just your I.P. address if it is a static one, as well as, use a two factor authentication such as a Yubikey for additional security.

    They aren’t the only choice available in the marketplace and I have no affiliate link associated with that recommendation so feel free to pursue other options if you have found something that is to your liking.

  9. Brad Webb says:

    One of the things you may have notice by now is that CoinAd doesn’t provide any promotional banners on their site. I have made a banner with their branding included that you may use to run a banner on places like BucketsofBanners. Yes, that was a shameless plug but because they don’t provide banners, it isn’t saturated in the marketplace. This may serve you well to pick up some downline members that will help you gain Bitcoins from their activity.

    Anyway, here’s the banner link: http://state-of-the-art-mailer.com/images/Coinad.png

  10. Very nice starter guide, Brad. I think this is a very good way for a person to test the Bitcoin waters. There is nothing to lose – you are not investing any money – and only Bitcoin to gain…and sometimes even losing a little money is ok as long as you pick up some knowledge along the way.

  11. clara mc lean says:

    How do people that are not in the US connect their bitcoin address to a bank account because most sites ask for a US bank account only?

    regards
    clara

  12. Brad Webb says:

    Clara,

    Response changed 2/20/2014. I was previously a member of Mt Gox which covered international customers for such things. However, very bad press along with poor company procedures have caused this Exchange that was once the largest in the industry to decline rapidly.

  13. Have you checked out Coinbase.com for Bitcoin wallet? I really like this one. I also joined Block Chain as well. Like you said, it is a good idea to have more than one wallet just in case πŸ™‚

    I really love how you are giving out information about Bitcoins in small doses. Bitcoins is a lot to wrap your brain around and I find it quite overwhelming. I will keep up with your blog for sure and try to follow your lead.

  14. Brad Webb says:

    Jonathan, my next update is going to cover Exchanges and how to use them. As I mentioned in my previous post, I am a member of Coinbase which is technically not an Exchange but works like one. I was using Mt. Gox but I would no longer recommend them because they are having some real problems with trade delays and bad press. The only downside to Coinbase is they only allow U.S. members to link to a bank account which is not good for international customers.

  15. Pingback: Bitcoin Buying and Selling Guide. | 30dayonlinebusinessguide Reviews

  16. Hi Brad,
    Thank you for the education provided. I registered with blockchain last year and have been using it with a couple of PTC bitcoin sites. I am able to cashout to my wallet anytime with no problems. What I have observed is that there is a lot of attacks on my wallet but am always informed by blockchain about an attempt to log into my account. My blockchain account is linked to my cell phone, a code is sent to my phone anytime I attempt to login which I think is awesome. I am a no tech guy but I hope Brad Webb will elaborate on that. Thank you

  17. Brad Webb says:

    You are doing it right by setting that up Francis. The cell phone authorization you are using is known as a 2 factor authentication which is an enhanced level of security to protect your account. There is no such thing online as “guaranteed security” but those who don’t use enhanced security like that are at a higher risk. Good job!

Leave a Reply

Your email address will not be published. Required fields are marked *