You have to own bitcoins before you can buy ADZ in ADZbuzz. If you don’t have bitcoin wallet and even if you don’t know what is bitcoin wallet, then this tutorial is for you.
Definition from Investopedia
„A Bitcoin wallet is a software program where Bitcoins are stored. To be technically accurate, Bitcoins are not stored anywhere; there is a private key (secret number) for every Bitcoin address that is saved in the Bitcoin wallet of the person who owns the balance. Bitcoin wallets facilitate sending and receiving Bitcoins and gives ownership of the Bitcoin balance to the user. The Bitcoin wallet comes in many forms; desktop, mobile, web and hardware are the four main types of wallets.“
Basically bitcoin wallet is the place where you can access your bitcoins, Every wallet has its own unique address (key). It is the place where you can make your bitcoin transactions (receive and send bitcoins). The address of wallet looks like this: 3QEiq5t31fprBK1sz6d1qNpFQ3MdYa8jPr It can also be in a form of QR code
Where to get bitcoin wallet?
The easiest way would be to use third party wallet. It is not the safest option but it’s fast and easy. PS Don’t get me wrong, if I said it’s not the safest, I didn’t mean there is a big risk to lose your bitcoins 🙂 Third party sites can be hacked and this is the risk. The safest option would be to install the wallet to your PC (that way your bitcoins are stored offline).
But if you just want to use bitcoins to purchase ADZ then this extra step is not needed as you are not holding bitcoins. You purchase bitcoins to buy ADZ.
As far as I know, all the exchanges which sell bitcoins have bitcoin wallet included. So you just have to choose where you want to buy bitcoins and you will automatically have a wallet for them.
Here is the list of Bitcoin Exchanges:
- coinbase.com (Worldwide)
- Xapo.com (Worldwide)
- Localbitcoins.com (Worldwide)
- Bittylicious.com (EU and UK)
- Blockchain.info (Worldwide) NB! Blockchain does not sell itself but through coinify.com
Coinbase was previously the most recommended exchange but lately there have been some cases where Coinbase has frozen some US citizens accounts. It is still the favorite for many and in Coinbase the process to purchase bitcoins can be the fastest as you can use your Credit Card to buy bitcoins.
I don’t know much about Bittylicious.
Blockchain is the bitcoin blockchain site where all the btc transactions are seen. Blockchain started to mediate selling bitcoin quite recently. I haven’t used the service myself but it has the option to buy with credit card so it can be good alternative for Coinbase.
Choose the exchange you like and buy bitcoins there. If you don’t know how the buying process is done, I can help you a little. Here are video tutorials on how to use Xapo to buy and hold bitcoins.
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