Bitcoin 101

Posted on March 30 2015

Bitcoin has seen a monumental rise in popularity over the last couple of years. You might have heard of it. You might have used it. You might even have purchased seeds from us before using bitcoin. This week we are publishing a series of articles aiming to help educate you on getting started with bitcoin, not just for this website but for online payments in general.

What is Bitcoin?

Here we aim to explain in a way simple way what bitcoin is, how it works and what it can be used for.

Setting up a wallet

Once you know the bitcoin basics, you'll need to get a wallet (a bitcoin bank account). They are simple and free to set up, this is a simple guide how.

Getting bitcoin

Now you understand the basics. You have a wallet but you don't have any bitcoin yet. We'll talk about the types of ways to purchase bitcoin. Think of it like exchanging money for holiday, you simple change your pounds (GBP) to bitcoin (BTC) which you can trade back.

Sending/receiving bitcoin

Now, you understand the basics. You have a wallet. You have bitcoin. This guide explains the dynamics and simplicity of sending and receiving money to each other using bitcoin. 

Buying seeds

Now, you understand the basics. You have a wallet. You have bitcoin. You understand how to send and receive money. Here is where we teach you how to purchase seeds using bitcoin.

 

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