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Bitcoin For Dummies

ISBN: 978-1-119-07613-1
208 pages
April 2016
Bitcoin For Dummies (1119076137) cover image

Description

Learn the ins and outs of Bitcoin so you can get started today

Bitcoin For Dummies is the fast, easy way to start trading crypto currency, with clear explanations and expert advice for breaking into this exciting new market. Understanding the mechanisms and risk behind Bitcoin can be a challenge, but this book breaks it down into easy-to-understand language to give you a solid grasp of just where your money is going. You'll learn the details of Bitcoin trading, how to set up your Bitcoin wallet, and everything you need to get started right away. An in-depth discussion on security shows you how to protect yourself against some of the riskier aspects of this open-source platform, helping you reduce your risks in the market and use Bitcoin safely and effectively.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks, with transaction management and issuing of Bitcoins carried out collectively by the network. Bitcoin allows easy mobile payments, fast international payments, low- or no-fee transactions, multi-signature capabilities, and more, but the nuances of the market can be difficult to grasp. This informative guide lays it all out in plain English, so you can strengthen your understanding and get started now.

  • Understand the ins and outs of the Bitcoin market
  • Learn how to set up your Bitcoin wallet
  • Protect yourself against fraud and theft
  • Get started trading this exciting new currency

The Bitcoin market is huge, growing quickly, and packed with potential. There's also some risk, so you need to go in fully informed and take steps to manage your risk wisely. Bitcoin For Dummies is the clear, quick, easy-to-follow guide to getting started with Bitcoin.

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Table of Contents

Introduction 1

Part I: Bitcoin Basics 5

Chapter 1: Introducing Bitcoin 7

Chapter 2: Buying and Storing Bitcoins 21

Chapter 3: Bitcoin Pros and Cons 43

Chapter 4: Making Money with Bitcoin 61

Part II: Banking with Bitcoin 77

Chapter 5: Your Bitcoin Wallet 79

Chapter 6: Bitcoin Transactions 91

Chapter 7: The Blockchain 103

Part III: Using Bitcoin in Business 111

Chapter 8: Using Bitcoin in Commerce 113

Chapter 9: Staying on the Right Side of Legal 123

Chapter 10: Bitcoin Security 135

Chapter 11: Mining for Bitcoins 147

Part IV: The Part of Tens 159

Chapter 12: Ten Great Ways to Use Bitcoin 161

Chapter 13: Ten (or So) Other Crypto-Currencies 167

Chapter 14: Ten Online Bitcoin Resources 173

Index 179

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Author Information

Prypto is known as a brand for "Keeping Crypto Simple" by offering bitcoin scratchcards to resellers. Its client base is those who are new to bitcoin or those who want to try it out. Prypto sponsors all major bitcoin events, releases videos on how bitcoin can help their customers, and specializes in turnkey blockchain solutions.

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