Part 2/6:
- Decentralization: Bitcoin is not governed by central banks or governments, which helps protect it from inflation caused by excessive money printing.
Setting Up Your Bitcoin Wallet
To begin using Bitcoin, the first step is to create a Bitcoin wallet, which is a software program for storing your coins. There are two primary types of wallets available: desktop wallets and online wallets.
Desktop Wallet
Visit bitcoin.org to download the wallet client compatible with your operating system.
Install the client and run the software.
Make note of your Bitcoin address, which you will need for sending and receiving transactions.
Online Wallet
If you prefer an online option, follow these steps: