How to setup a bitcoin wallet (short version) | Bitcoin wallet tutorial

hey guys my name is Kip and today I want to make a quick video for anybody trying to set up their first Bitcoin wallet and buy their first Bitcoin it can be a little bit confusing at first so I just want to make a quick video to show you guys how to do it how to set them up and buy your first Bitcoin on the two wallets that I’m going to be suggesting for you guys are coin base and circle if you guys have done any research on Bitcoin wallets you’ll see these are two of the most popular Bitcoin wallets right now and both of them actually have apps for iPhones and Android phones and tablets so the two really good wallets and you guys probably want to download the apps if you are going to sign up for these wallets so the first one um is coin base and I’ll leave links to both of these Bitcoin wallets in the description below um but if you don’t want to click the link it’s coinbase comm and the other one is circle comm oh sorry circle comm and the first one I’ll do is coinbase I’ll just show you guys you’re going to want to click sign up and then it’s going to ask you your first and last name your email so they can send you a verification email and you can click the link that they send and then you’re going to choose a password and the state that you guys live in um you’re going to agree to the terms and conditions and then you can hit create account and then if you guys want to go with circle um you’re just going to hit sign up on the web and it’s going to ask you the same info your first name your last name and email so they can send you a confirmation email and then all your desired password and then you’re just going to click create account and I’m actually signed in to my accounts already guys just so I can show you um if you did sign up for up side just log that on mine so if you guys did sign up for coinbase it’ll look like this just give me one second sorry guys so if you signed up for coinbase um when you first sign in it’ll look like this this is going to be your Bitcoin wallet and it’s going to tell you your balance at the top of the screen and bitcoins and then in how much it equals in u.s. dollars excuse me and what I’m really showing you guys today is how to set up your wallet and first get funded so the first step you guys are going to want to do in coin base is um you can go up here to your um little avatar and click settings or you can go down here to settings just want to click settings you’re going to put in all your information on this page and then you’re going to go to payment methods and then you guys going to add a payment method to buy your first Bitcoin um you guys can do through PayPal your bank account or a credit or debit card and I suggest using a credit or debit card that’s what I always use myself because it’s instant when you buy it and process the payment you’ll have the Bitcoin instantly in your account that then you can go use however you guys want the bank account it will take between four and five days to add it to your account and but you will be given higher buying limits everyday when you first sign up for coinbase you guys are hit with um a $50 a day buying limit so you can only buy $50 each day in Bitcoin um after you’ve used your account for a while and they can see that you’re armed reputable customer and you’re using account how it was made to be used and you’re not doing anything sketchy you can actually request higher limits and they’ll up your limits for you guys so today I’m just going to show you how to add a credit or debit card I’m just going to want to click it um you’re going to want to put in all your info your credit card number the expiration date the CVC number which is the little number on the back and then you’re going to click Next and it’s going to save all the info into your coin based profile um after that once you guys want to buy your first Bitcoin you’re just going to come over here to buy or sell you know make sure we guys um we’re on by up here and then you’re just going to put make sure you’re on Bitcoin you’re going to want to be by Bitcoin not ethereum and then you’re going to want to put how much you want to buy and Bitcoin say $100 you just put it in the usdollar it will convert it into Bitcoin for you and then I’m using you’re going to want to switch it to um you’re going to hit add a link to a new payment method and it will bring you to the page where you added your credit cards and then you can add this in as your payment method so once you do that you’re just going to put in the desired amount you want to buy and then switch this to your payment method and then hit buy Bitcoin um it’s as easy as that guys but you will see um I believe when you actually go to purchase it before you hit by it’ll tell you there’s a 3.75 percent fee for buying Bitcoin on a credit for a debit card so if you guys were to purchase $100 in your first Bitcoin it would actually be a hundred and three dollars and seventy five cents and then if you guys what did sign up for circle I’ll just show you real quick this is what your back account is going to look like this is your account where it shows all your Bitcoin transactions then you guys are going to want to go up to your settings and then you’re going to save in all your information and then go to cards and banks and then you guys are going to go down to add account and it’s going to ask you if you want to add your debit card or your link up your bank account and you can see the fees are much lower they’re actually no fees for circle and circle when you first sign up you’ll have a $300 a week so every seven days you guys can buy up to three hundred dollars worth of Bitcoin every week um those are your limits for a circle so once you’ve saved in your credit card or your bank account you’re just going to go back over to your account and then hit add money it’s going to ask you how much you want to add say a hundred dollars and then it’s going to tell you how close you’re getting to your limit down here and you’re going to pick from which account that you added your bank account or your credit card then you’re going to go down and add a hundred dollars it’s as easy as that guys it’s really simple it sounds really confusing at first but once you guys get the hang of it it’s really not if you guys have any questions or if I didn’t go over anything enough I always leave my link to my facebook profile you can friend me on Facebook and I’ll do anything I can to help you guys get set up and going armed if not if this video was helpful just make sure to subscribe to my channel I’m going to have more tutorial videos coming as soon as I can umm so I hope this helped a lot of got a lot of people set up their first bitcoin wallet I have a good one guys

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