Let’s start off with the most fundamental tool – a place where you can store your Bitcoins. There are various options to choose from, and we have picked our favourites.
Electrum’s focus is speed and simplicity, with low resource usage. It uses remote servers that handle the most complicated parts of the Bitcoin system, and it allows you to recover your wallet from a secret phrase.
An intuitive interface and easy of use are Airbitz’s strong points, and by building on Android’s and iOS’s strong security base, Airbitz is designed to protect you from malware, browser security holes, even physical theft.
Coinbase is a web wallet service that aims to be easy to use. It also provides an Android web wallet app, merchant tools and integration with U.S. bank accounts to buy and sell Bitcoins.
Unless you plan on mining Bitcoins or you can alternatively source Bitcoins such as from the sale of a product, then the default mode of acquisition of Bitcoin is via an exchange. It is important to find an exchange that has a solid reputation and, preferably, one that is licensed in the jurisdiction in which it is operating.
Bitstamp is the first exchange to obtain a license to operate in the European Union; it was granted a payment institution license in Luxembourg in 2016. It has an easy-to-use interface and boasts several security features such as Two-Factor Authentication.
Localbitcoins is more of a “classifieds” type of exchange as it lists traders close to your area who wish to buy or sell Bitcoins. It even lists sellers who are willing to use PayPal for example. As always, use with caution and check the seller’s feedback first before entrusting him or her with your money.
Bittrex is not a BTC-Fiat exchange, but rather, it is a BTC-Altcoin exchange. If you would like to experiment with altcoins, this is the best exchange to use and has a sizable portfolio of altcoins to choose from.
Looking to trade Altcoins or merely curious about the different market caps commanded by several virtual currencies? Or perhaps you want to explore in greater detail the world of altcoins by viewing the latest announcements?
Coinmarketcap is the best website for viewing the various prices commanded by most cryptocurrencies in circulation, with almost real-time updates being provided. A very handy tools for those looking to speculate.
The largest cryptocurrency community on the web, Bitcointalk also has a special section dedicated to altcoins, and it is precisely here that altcoin creators seek to make their first post announcing the birth of a new altcoin. Keep up-to-date with the latest and (perhaps not the) greatest virtual currencies.
Other useful links
This is a block explorer which essentially gives one access to Bitcoin’s public ledger, enabling the user to view any and all transactions which have taken place since Bitcoin’s conception.
Investing in cryptocurrencies should be done solely at your own risk and after doing your own research. Speculation in cryptocurrencies is rife and extremely risky. Never invest more than you can afford to lose, and always remember to check whether it is legal to invest in cryptocurrencies by checking the relevant regulation in your jurisdiction. Nothing in this website shall be construed as trading advice in any way, form or shape.