Friday, February 27, 2015

A great place to start

As there are many questions surrounding Bitcoin, I commonly refer many to the site weusecoins.com. This site is full of valuable information and resources for those who are interested in Bitcoin for personal use as well as merchants who wish to accept it as payment. 

If you're new to Bitcoin, the video on the homepage will be a great start. It explains the basics of this new virtual currency in a clear and concise manner. I also like their Getting Started page. Here they explain everything one should do when starting out and it's outlined in easy to follow steps.

The Q&A pages contain answers to some of the common questions that are asked.

Lastly I like their Bitcoin for Merchants section, here you’ll find details as wells as features and benefits for merchants who are considering Bitcoin for payment.

One thing I did not see, but would recommend for all web or mobile based wallets, is that you make sure to enable 2-factor authentication, like Google Authenticator, this will help protect your Bitcoins should someone gain access to your login and password. 2-factor authentication provides an extra layer of protection by requiring a one-time use code for logins or other actions. The codes are generally generated on your phone using an app, you can also print them in advance.

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