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Blockchain.com Tutorial: Beginners Guide to Buying & Storing Bitcoin - YouTube
Channel: Every Bit Helps
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hi and welcome to my blockchain tutorial
so maybe you're new to Bitcoin and other
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cryptocurrencies you know question of
where to start how to buy your very
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first Bitcoin what going to do today is
take you through the entire process of
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creating your very first wallet all the
way through to buying your Bitcoin now I
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blockchain to run the most popular while
it's out there there are other wallets
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available as well such as coin base or
Exodus I've actually got tutorials of
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those as well so if you'd like to have a
look then please look through the series
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of these videos now I use blockchain as
my very first Bitcoin boy and wallet so
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and that's the reason why I've chosen
this one also the fact that you can
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purchase your bitcoins through credit or
debit cards is really helpful so let's
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take us through that process now so if
you navigate to blockchain info please
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ensure that you put the exact address
into here maybe put it into your
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bookmarks and to be always ensuring that
you're going to the same site now like I
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said blockchain is one of the most
popular and well trusted of one it's and
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obviously they're saying here there that
number one digital wallets they've got
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100 million transactions with 15 million
wallets out there as well
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so what we're going to do is go through
and create our first wallet
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now these wallets obviously are free as
well and in here make sure that you put
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in quite a complex password so that it
is strong and then go through and read
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the Terms and Conditions and then click
on to continue what it's now done is
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gone through and created that wallet for
me and it's given me an identifier as
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well what I now need to do is verify my
email so I'm going to go to my gmail
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account here and click on to this email
now in here you can see that I've got a
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wallet ID and now this Warner ID is
almost like a username that you would
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use to log in to any kind of application
or almost like your kind of credentials
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now this is something that you need to
keep personal to you and so please
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ensure that you have a copy of this
wallet ID maybe print it off and put it
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into a safe maybe put it
to a password-protected documents
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something like that anyway and keep that
personal to you now obviously this is
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just a test account that I'm using so I
can show you my wallet ID but just make
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sure you keep that personal and
obviously go through and verify your
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email now that's done I'll return back
to my blockchain website and I'm just
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going to exit out of that for the moment
what I do is I'll take you through
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different options here on the left-hand
side and then we'll go through and show
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you how to buy your very first Bitcoin
and all the different options in here as
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well so what you have when you first go
into blockchain is like a dashboard so
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from here you can send and receive
Bitcoin or ether you can view your
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balances you can view how the value is
tracking you can go through and they
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also have a mobile app as well which I
find really helpful one of the good
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things about the mobile app is that
obviously you can use your own
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additional security like fingerprinting
and things like that and you've just got
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a nice little app and you can download
if you wish so blockchain allow you to
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have two different crypto currencies
which are Bitcoin and ISA so you can
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have two different wallets so you have
your Bitcoin wallet so when you click on
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here you can send and receive Bitcoin
and you can view any transactions that
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you may have made and hear and then you
have ether as well so you can get
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started have a look at your transactions
again you then have the option in here
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to buy and sell Bitcoin that will go
through that shortly after I've gone
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through the different options you then
have an exchange so in here you're able
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to exchange from Bitcoin to ether and
ethers do Bitcoin you have em have your
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Security Center so this is the section
I'm going to go through first and now
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we've already gone through and we have
verified our email and so that's all
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good now the next thing you have is a
backup recovery phase now this is really
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important the reason why this is
important is purely for the fact that
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instead of it for example you lose your
password or you can't remember it for
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any reason there is no option for you to
reset that password with
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blockchain they don't store the
passwords so what you need to do is
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ensure that you have a backup recovery
phrase so for any reason you can't
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remember your password or you can't
remember your details what you can do is
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revert back to this backup phrase what
it does it provides you with a list of
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words so I'll just take us through there
and it gives me some words so it gives
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me a sort of North stairs narrow prevent
and what you should do with these words
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is you need to print them off again you
need to put them into a safe or you need
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to put them into a password-protected
document or something along those lines
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and have those so that they are safe to
you obviously you shouldn't share those
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again this for the purposes of this
tutorial and I can show you those words
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but you need to keep those words and
save to yourself you then have a
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password hint so it's just additional
help in case you've forgotten it you
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then have the option of level two to
prevent unauthorized access to your
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wallet so you can link in a mobile phone
in here and what it will allow you to do
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is use it like an authentication so and
you can use an app such as Google
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Authenticator which you can download
from the App Store and what it provides
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you with is like a one-time passcode so
that when you go to log into blockchain
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you obviously put in your wallet ID you
put in your password and then it'll
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provide you with a like a numeric number
that will be available for 30 seconds
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and you can enter that into the login
script as well so it's just really
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securing it and ensuring that you know
it is you that is trying to log into
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your blockchain wallet so you can go
through and you can enable those steps
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in there as well
you then have an advanced level of
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security as well where you can block
tour requests if I now take us through
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to our settings so in here it provides
me with my wallet ID so this is the ID
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that we got provided to in our Gmail
earlier on so this is my unique wallet
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ID that is personal to me that I must
not share with others so this isn't the
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address that you used to send or receive
Bitcoin or anything like
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it's purely your you know your
credentials so to speak in here as well
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you can pay your mobile phone like I
explained you don't have preferences so
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in here you can put in your mobile
number you can choose a wallet language
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there's a lot of different languages
within this and section obviously I'm
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English so I'm keeping that to English
you can then choose your local currency
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again I'm from the UK so mine's
currently set to GDP but there's loads
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of different currencies in here that you
can use
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you then have Bitcoin unit so and you
can obviously choose from Bitcoin Miller
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Bitcoin or bits you then have
notifications so you can be notified via
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email or via SMS when you receive
Bitcoin you then have an things like the
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auto logout so this could be really
important if for example you you know
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you keep yourself logged in and you
forget to sign out what you need to do
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is do you need to you know you can
change the different period of time here
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so it automatically logs you out and
no-one can nip onto your computer and
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start using it now I personally would
recommend clicking on the sign up button
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as soon as you're finished but this will
just give you kind of like an additional
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layer again and ensuring that you can
you know obviously log out of this
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account now if you are using a public
computer such as an internet cafe or
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using someone else's computer again just
make sure that you click on sign out but
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you do have that additional layer of
auto log out there as well in terms of
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security so this is where we have the
wallet recovery phrase so like I said
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this is just in case you forget your
password you can change your password in
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here as well you have your password hint
you've got a second wallet password this
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is where you can enable that two-factor
authentication with that one-time code
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as well and you can have a remember and
there as well then you have a drive
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addresses so in here you can manage
different addresses say for example you
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wanted to categorize things within your
Bitcoin wallet and you wanted to say all
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my expenses and you want to put all your
categories in there as well or
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everything this receipts everything that
comes
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a certain address it just kind of you
are your own bank so what you're
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essentially doing just categorizing
things and explaining you know what the
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different addresses are for you've then
got an FAQ section in here as well so
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you know very simple questions being
answered if you've got any questions you
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want to ask me please feel free but this
is in here as well so it's just kind of
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helpful it's what I'm gonna do now is go
to buy our first Bitcoin now before you
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go through and buy your first Bitcoin
it's always important that you and
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verify all your information so put in
your mobile number they might ask you
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for further verification such as your
address and where you're from and your
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date of birth and things like that so
just make sure that you go through all
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of those steps so in here you can see
that if I type in an amount which is 100
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pounds it'll then give me my conversion
into an Bitcoin what it also does it
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tells me the current value of Bitcoin at
the moment or I could choose whether or
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not I want to purchase in and US dollars
or Euros and different types of options
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in here as well if I then click on to my
Bitcoin in here you have two different
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options so like I said previously and
the really good thing about blockchain
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is the fact you can purchase Bitcoin
using a credit or debit card or via bank
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transfer now when I first bought my
first Bitcoin and I made a little bit of
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an error and I thought you know I wanted
to save a little bit of the and the fees
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that were being charged in here and so
as you can see credit cards have got a
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3% and fee and bank transfer has got a
not 0.25 percent fee so what I thought
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I'd do the first time around is I'm
saving myself on the fees and choose
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bank transfer now the one thing to be
aware of here is if you go for bank
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transfer like I have and you know
different banks vary but however from
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the UK I actually got charged a 25 pound
international fee so instead of
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receiving a fee of for example 3% so if
I was looking at a hundred pounds I've
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been looking at paying 3 pounds instead
of paying 3 pounds I actually paid 25
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and so just be a little bit wary of
which option you choose in here I quite
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like the convenience of the fact that
you can use a credit or debit card in
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here as well so I'm going to select that
option and go to continue
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so in here is a confirmation of your
order and so it allows you to and go
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through you can edit it in here as well
and it'll tell you about a Bitcoin it
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tells you your payment fee and and your
total cost if you then click on to
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confirm so what I then did was I put in
my credit card details obviously I
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didn't share those and then I went
through and confirmed that and then
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bought my first Bitcoin so what I'm
gonna do now is show you how to receive
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Bitcoin from others so if I click on to
request you can select the type of
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currency that you would like to receive
so whether or not that be a Bitcoin or
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whether or not that be ether you're then
provided with an address so this is like
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a one-time address for this transaction
so I could and copy this link and send
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it to the person that's sending me the
the cryptocurrency or I can view the QR
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code in here as well so if they've got a
mobile app and they want to send me and
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you know cryptocurrency then what they
can do is simply and scan in that QR
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code or again from this screen you can
simply click copy ill then state that
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it's copied you can then send that
across to them if you then like to send
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Bitcoin or ether of course and you can
often see select again you select the
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type of currency and then you put in
their destination address so you would
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either put in an address or a
destination any time that you're putting
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in an address or a destination you
really need to make sure that you I'm
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going to make sure that it is exactly
correct so check every single letter CH
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at the beginning check the end make sure
it's exactly right
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because once you've sent that Bitcoin
it's gone but you can also use that QR
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code again in here as well if you so
wish and keeps a little bit more secure
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but it depends on you know what you're
sending to and whether or not you have
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that available or not and if I now
choose and to send a certain amount for
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example if I put in five US dollars here
again it does that conversion for me and
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then it allows me to put in description
so I could put in a description in here
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to the person that I'm sending it to and
and then it will and obviously give it a
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description so it's just like I said
we're our own bank
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we're just categorizing with paying
descriptions in here just so we can
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track things through through the wallet
we then have an option in here for the
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transaction fee so you have an option to
go regular which is they say the current
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confirmation time is one hour plus or
you can go priority where it will do it
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under an hour now I tend to find I'm
mostly used and the regular system
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purely for the fact that it normally
happens under an hour anyway and but you
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know it's up to you which way you choose
and obviously you know you've got the
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rates and how much you're actually gonna
be charged to this and as well if I now
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click on to continue it would then take
me through the process of sending that
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Bitcoin and it would send that for us so
my blockchain tutorial I hope that you
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found it useful if you're interested in
seeing more from this series then please
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hit subscribe there's a few other
tutorials in there as well that you
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might be interested in such as coinbase
or Exodus if you liked it then please
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give me a like or if you have any
comments please put them below thanks
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and I'll see you soon
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