Create or buy a wallet to store your cryptocurrency.
www.binance.com – A well-known crypto exchange where you can store and trade cryptocurrencies.
Create your account, go to funds and then click on deposits.
Under deposits, chose the coin(BTC) you would like to deposit, and then the wallet address will be displayed.
*Note: You can scan the wallet address with a QR Code, click on “Show QR Code” and the QR Code will be displayed.
With Mycelium app for Android/IOS, you can easily store your bitcoin’s.
*please, do not store a large amount of bitcoin on your smartphone, in that case, consider using a hardware wallet.
Download the app and create a new account, then you should immidiatly backup your wallet.
Why it’s important to do a wallet backup?
In case that your phone is lost or has been stolen, you would need to restore your digital wallet, to do that, you will type again those 12 words and then you will get back your bitcoins to the wallet in the new phone.
Write those 12 words down, and store them in a safe place.
Right after, set up a pin code that you can remember.
congratulations, your wallet is ready.
Now you can Recieve/Send Bitcoins.
Hardware wallets- For investors who want high security or they have a big amount of bitcoins, we will recommend using a hardware wallet.
Ledger Nano S Vs Trezor one Vs KeepKey
The main difference between the hardware wallets is the supported currencies, depending on your needs.
Those are 3 types of wallets where you can store your bitcoins, choose the wallet depends on your needs.
Please, feel free to comment below if you have any kind of questions regarding digital wallets or how to use/install it.