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Bitcoin Basics: Getting, Storing, and Converting Some
Rating: 4.0 out of 5(135 ratings)
7,938 students

Bitcoin Basics: Getting, Storing, and Converting Some

Bitcoin Baby steps
Last updated 12/2017
English

What you'll learn

  • How to buy bitcoin
  • How to convert bitcoin into other cryptocurrency
  • How to use a bitcoin wallet

Course content

7 sections23 lectures35m total length
  • Welcome: Course outline2:32

    Discover what bitcoins are, how they work, and how to store them by choosing wallets like Exodus, Copay, and Coinbase, while exploring different wallet types and converting between cryptocurrencies.

  • Bitcoin Basics0:59

    Learn how bitcoins are claims stored on a decentralized blockchain, and how ownership uses private and public keys with a public address. Wallets manage these keys to send and receive.

  • The duck is a private and public key pair?1:30

    Understand how Bitcoin uses public and private keys, using an email analogy to show why the public key is shareable and the private key remains secret for accessing your bitcoins.

  • Example: Public and Private Keys1:20

    Learn how public keys, private keys, and public addresses work in Bitcoin wallets, including importing addresses, copying keys, and sending or receiving coins through wallet software.

  • What is a wallet?1:33

    Understand what a Bitcoin wallet is as software that stores private and public keys and helps you make new ones, with four main types including desktop, mobile, online, and hardware.

Requirements

  • Have a PC, an open mind, and about an 1 hour.

Description

Bitcoin Baby steps into the world of crypto currencies. We are going to be mainly focused on bitcoin and litecoin in this course. These fundamental skills will help you explore other cryptocurrencies as well. The goal is to learn how to get bitcoins via the coinbase exchange, how to store them in your wallet and then how to convert between them. 

Who this course is for:

  • Bitcoin beginners and noobs