Most
of us use wallets to keep our cash and credit cards handy and in the
digital world its
much the same.
Digital wallets can be kept on secure
remote servers accessed with a web browser or from your pc with a desktop client and there are many wallet providers to choose from, available for various platforms including smart phones.
much the same.
Digital wallets can be kept on secure
remote servers accessed with a web browser or from your pc with a desktop client and there are many wallet providers to choose from, available for various platforms including smart phones.
Online
wallet at BlockChain
The website blockchain.info has a lot of useful information including a chart of the network speed known as the Hash rate, more about that later as we are only interested in setting up a digital BitCoin wallet for the time being.
Select the blue 'Try A Demo Account' first to explore what you can do. And when you are ready select the green 'Create my Free Wallet'
From
the wallet you can view transactions, send and receive money, create
a view only address, option to keep your transactions private and
very importantly import /export the cryptographic keys of your
wallet, more about that later.
As you would expect selecting Send will bring up a screen for you to enter the BitCoin address of who you want to pay with an address book and the facility to pay by email or sms.
Enter an address, enter the amount and select Send Payment.
That’s
it. All done.
The payment will show up immediately in their wallet and be able to spend it within the hour.
You can only spend once the the transaction has been recorded in the BlockChain and confirmed a certain number of times. The quicker the network, the speedier the confirmations.
Now give it a try by supporting our local charity Riding for the Disabled and make a donation of 10mBTC to
15v3MjwsBgXbFY8GXA1Q6pWATnLomtDqv2
Email me to confirm the payment has been received with Donation to RDA in the subject line.


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