GET OUR FIRST WALLET

We have already commented on many advantages offered by cryptocurrencies in relation to traditional means of payment and storage of value. Therefore, it is very likely that they are already convinced to try out using these cryptocurrencies and it does not matter if they want to obtain them by mining their own coins despite the significant investment or if they prefer to obtain cryptocurrency units in a much simpler way. and more immediate way, which is to make a direct purchase. In both cases, they must have at least one cryptocurrency portfolio and that is what we will demonstrate in this article.

And just access the website that we have on the BitAddress.org screen, and we will see how this system allows us to request a new Bitcoin wallet in a very, very simple way. We know that you will not ask us for any documents. This is obviously part of the fact that this process is very fast, it’s free, which is also a very important point because, of course, because you don’t have to process any form of payment or wait for us to pay, it’s also very, very fast and the process is extremely simple.

So let’s open a web browser window. In this case, we already have our preferred browser open, which in this case is Mozilla Firefox, and we are going to enter the address that we had on the screen. It’s bitAddress.org and we hit enter. And load the website:

In fact the concept that this website uses is even used by several governments around the world to generate electronic signatures for their citizens so that they can pay their taxes and really the process is enough for us to move our cursor once the website finishes create and in this way identifies the standards with which we carry out the movement and from them we generate our portfolio.

Which is composed, we know, by our public address. As we mentioned, the one that we have to indicate to whoever is going to pay us in bitcoins or simply send us units of cryptocurrencies, and we will also be given the private key, which is the one with which we can sign the messages with which we declare the Bitcoin network that we want

Maybe send some of our Bitcoin units to someone you know or as payment. It could be an exchange for a product we purchased or a service you provided to us. So, if we realize, every time I move the cursor in a certain way, the percentage that we have on the right side of the page increases and in fact what we need is for this number to reach 100%. It starts to grow. While we keep moving the cursor. And the idea is good. We pattern our movements until we reach 100 percent. And automatically, once that percentage is reached, the site will detect it and what it does is take all the logic of the way we move the cursor, in addition to other factors, such as the date. And this, being unique to each person, we consider, for example, like the impressions of our fingers or the iris of our eye. Wow, something that only belongs to us. And is that this pattern of movements is not repeated from person to person. So what the site does is process it and what it gives us in this Bitcoin wallet that has its components that we mentioned on the left

We actually have an example of a public key or address and on the right a private key. What we actually have is the QR code and the string of characters that make up our address. Also here they put us in green, that this is an address that, of course, we can share, that we can indicate to all the people who will make us, for example, a deposit. Well, and the right side also marks us with red. And for us to be very careful that this is our private key, it’s a secret. It’s pretty much like the password we put on our electronic bank account, for example, and it’s obviously private because someone might have it if we share it with them. Well, you would have access to our entrance before cryptocurrency units, you could pay something with them or make some transfer. So, in the same way we protect our bank password.

Here too we have to protect our private key. But in fact, all this we already have on the screen, because it is the only thing we need to be able to start using these coins, but the most recommended way to keep them is to print them. So let’s click on the paper portfolio option.

I mean, what does the Paper Wallet say? Let’s click. And what it will load is that it will show us our public and private key in a printable format. So, in this other part of the site, what the site is even allowing us to do is generate more than one wallet, because as we mentioned, having multiple bitcoin drops costs us absolutely nothing, not for commissions, not for annuities, or anything like that. Therefore, the default value is three. However, this time we are only interested in generating a first demo portfolio, so let’s exclude the value of three. Let’s put the value one. And we click on the button on the right that says generate. We automatically only have a single public address and a private key for that address. We have its same QR code and on this side, let’s say vertically, we have the alphanumeric code that would be, for example, 14, U, J, J, S, J, B, B, etc. what is really important is that we always remember that of course the characters that are in upper and lower case matters. But hey, we have all the information in the QR code and on the right side. We also have the private key and information for that key in the QR code. So we want this PDF to be generated so that we can also print it. In fact, let’s click on the button that tells us to print. And in this case, for demonstration purposes, let’s print it to the PDFs. So you’re going to click here, okay? Really here we can send it directly to the printer, but for effects. Starting from the simple demo, we will simply ask you to generate a PDF, so with that you can grab that PDF, in fact you can also store it, but ideally, as we mentioned, you print it. And is that the information contained in this sheet is really fundamental and we must take care of it like any other important document that we have on paper. For example, the contract of our bank account or even the deeds of a property that we have in our name, because in the end this is the information that will give us access to our Bitcoin units that we delete or, of course, it is the influence we need to spend them as best suits us. In fact, as we said, all possible care must also be taken, from printing the file information on a sheet and even if possible, of a special material, say, a little more resistant than normal paper. Or if not, well, on my sheet I’ll have it laminated to offer just that greater protection. Of course, take all measures like the ones we suggest, including storing it in the essential part of our house, our house, where it can’t be easily located by someone with bad intentions or even using safes sometimes against fire, because if the fire hits this leaf, it is completely burned and the ash remains. Of course, it is also very common among people who use Bitcoin and of course, it is in fact highly recommended that they store it in a safe in a bank vault, for example, if they have this service hired or can think about hiring it.
And is that there is really no measurement left, because as we commented, for example, we would not leave piles of notes on a table in our house and possibly the door open. Well this one is the same. These are the codes necessary to use our cryptocurrency units and therefore, in the same way, we should not spare any action that serves to protect these units, because at the end of the day they are money, as we have already mentioned.

Originally published at https://www.reddit.com.