your BitCoins from pretty much anywhere, but means that you have to trust the
service with your BitCoins.
Have a look at the BitCoin client window. This is the Mac version, but like most cross
platform applications it‟s pretty much the same for every version.
That‟s all there is to it. Pretty simple, right?
Filling your wallet
Now it‟s time to put some „Coins‟ in that wallet. There are three main ways to add
BitCoins to your wallet file: donations and free BitCoins, currency exchange, and
BitCoin trading (or becoming a BitCoin merchant). Each one is fairly self-explanatory,
but we‟ll go a bit more in-depth anyway.
Before that, though, it‟s time to introduce some new terminology. BitCoins are sent to
your wallet via a receiving address, which is a long string of randomly generated
characters that points to your wallet file. The process is similar to the sender writing a
cheque for a certain amount, although the process is all automatic and the cheque
doesn‟t need to be manually cashed in.
Interestingly, you don‟t need to use a single receiving address forever; on the
contrary, it is generally recommended that you create a new receiving address for
each expected transaction so that it is easier to track individual payments. All
previous receiving addresses remain valid and active, so it is possible for old
receiving addresses to be reused again and again.
You can also fill your wallet through BitCoin mining - we‟ll be dealing with this later.
Virtual Currency: The BitCoin Guide
http://lachlanroy.com | Lachlan Roy
MakeUseOf.com
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Donations/Free BitCoins
As you may have guessed, this section deals with free BitCoins from websites and
