Bigmurph6
Banned
ATTENTION
This guide applies to Bitcoin, aka BTC only. Though the naming is almost identical, Bitcoin Cash, aka BCH is a different cryptocurrency. Bitcoin Cash (BCH) has it’s own blockchain and it’s own exchange rate. Bitcoin Cash (BCH)'s exchange rate to USD is significantly lower than Bitcoin (BTC) to USD. Please ALWAYS make sure to pay for your order in Bitcoins (BTC). Do not make any payments in Bitcoin Cash (BCH) unless you have discussed with the sponsor about using (BCH) or any other form of cryptocurrency. Your funds will be lost if you were to send a different form of cryptocurrency to a (BTC) address.
WHY SHOULD I CHOOSE BITCOIN?
It’s almost completely anonymous if you purchase and send an anonymous way. Any payment can be completed from multiple accounts, a single wallet can have as many as you want receiving address and a different one for sending funds. Account verification/validation might be mandatory for Bitcoin Exchanges, places where you can buy the coins, but you don’t need to do this for your personal wallet or wallets.
It requires significantly less time for payment confirmation. We might need 1-2 days to process and confirm your Western Union and MoneyGram payments and 10-20 minutes for the Bitcoin ones. The faster your payment will be confirmed the faster a sponsor will ship your order and should be delivered faster.
Bitcoin is not backed by any single bank or country. It’s decentralized. There is no authority to block a bitcoin transaction there are no reasons to do so. Over the years things have changed in regards to Western Union and MoneyGram transactions which
an cause these transactions to be blocked sometimes for a reason that might be from a good one to the most stupid one. A blocked transaction will require your time and additional costs to resend the payment.
365 days a year and 24 hours a day – Bitcoin payments are always available. Just make sure that your Internet connection is up and running. It’s like PayPal, credit/debit cards or any other online payment method you are used to, but with a much higher level of anonymity.
HOW BITCOIN IS ANONYMOUS?
Probably you’ve heard that all Bitcoin transactions are public and Tradeblock or blockchain are some of the best places to “watch” them. Also buying bitcoins from an exchange might involve an account verification/activation (SMS, e-mail or credit card/bank statement). So how can it be anonymous? Assuming you bought some coins from an exchange and confirmed the transaction with your personal phone number. On the other hand, you don’t need to verify your email address, confirm your phone number or identity for creating and using a bitcoin wallet. Next, you can create a new wallet and transfer your funds there. You can transfer the funds in a single transaction, you can do it in multiple transactions and using different receiving addresses. Actually the most private way for Bitcoin payments is to never re-use an address wallets like mycelium or samurai automatically change the address every transfer. Maybe you might want to transfer the funds from the exchange to multiple wallets and finally to your personal wallet this is not really needed but depending on how anonymous you want it to be this will help. The bitcoin fees are extremely low, so it’s really your personal decision how private it should be.
Are you concerned that some Bitcoin wallets are keeping activity logs and your IP might be revealed? A VPN solution could help you to keep your IP safe there are many to choose from Nord VPN is a good simple choice with a low cost and high speed.
*NOTE: Usually Tor is not recommended for Bitcoin payments especially for not tech savvy users. A malicious TOR exit node intercepts the traffic between your computer and your online wallet and you could lose all your bitcoins. I would recommend that unless you are very familiar with TOR to just use a VPN.
HOW SHOULD I STORE MY BITCOINS?
Identical to printed money, bitcoins are stored in a wallet. There are a few types of wallets designed for bitcoins, from the online wallets, standalone Bitcoin clients for desktop and mobile to hardware ones such as Trezor which are made for only one purpose for storing and managing your Bitcoin funds and transactions. A handy guide how to choose your wallet with full description is available I would recommend using mycelium or blockchain I would recommend not using coinbase it is a very convenient wallet but is not very anonymous.
CHOOSE YOUR BITCOIN WALLET
The best way to store your Bitcoins is a wallet on your computer or mobile phone as you’ll get full control over your Bitcoins. A noticeable example of a stand alone wallet is mycelium or samurai. Just remember, there are two types of desktop wallets with full validation and simplified ones. Full validation requires you to download all the “block chain” data on your computer, which is a very large database (60 GB and growing every 10 minutes) that contains all the transactions ever made using Bitcoin. Full validation in theory provides an extra layer of security and allows merchants to avoid “double spends”. As a normal user, simplified validation works just fine and there is no reason to maintain a complete copy of all the transactions. You are only interested in a small part of the block chain that contains your transactions and it is about 25-30 MB. Online wallets are very popular nowadays as they are easy and quite fast to set-up, don’t require any free space on your HDD and are just as convenient, especially when we are talking about relatively small transactions or occasional ones. An example would be when you want to transfer you bitcoins from a Bitcoin Exchange to your personal wallet.
IMPORTANT
Its strongly recommend using online wallets only if you are totally new to Bitcoin and/or you intend to use bitcoins for occasional, relatively small payments, without keeping to much of your own funds in bitcoins.
HOW DO I CREATE MY FIRST BITCOIN WALLET?
This can be as simple as going into the playstore and downloading a wallet like mycelium or samurai. When you download your wallet you will be given a 12 word sequence. This 12 word sequence is how you will recover your bitcoin wallet if you were to ever lose or damage the device that your bitcoins are stored on. ALWAYS keep this sequence written down and kept in a safe place just as you would a key to a safety deposit box.
HOW DO I GET BITCOINS?
The fastest way to get bitcoins is to find a Bitcoin Exchange or a Bitcoin ATM. You can also use as an example the local trader option that comes with mycelium or you can use websites to trade fiat(actual usd or euros) for bitcoins. Here are some examples that you can search to find the one that will work for you. Ugmuscle doesn’t verify any of these options. There just examples of some that can be used.
All you need to know about bitcoin ATM. Detailed ATM maps. Browse ATM by countries. They also have a mobile App for Android or iOS.
DISCLAIMER
Frequently bitcoin ATM fees and buying exchange rates can be high usually between 8-20% depending on buying or selling also rates differ depending upon location and the market price. Please always double check the amount of bitcoins you will receive for your fiat(actual money) and compare it with an official and actual exchange rate I like to use the bitstamp rate. If the amount of bitcoin you will recieve is significantly lower than the expected price try to wait to purchase. Bitcoin can have fluctuations up and down or some times it will stay level. Do not proceed with payment if you can see that bitcoin is unstable. Wait a bit until it becomes stable or goes down in value. This can be good because your bitcoin amount will be the same but its value can go up. This can also be bad if you buy and then the value goes down. I reccomend to always buy more bitcoin than you will need. Maybe 10% extra so that if it drops in value you will still have the correct amount of value that is needed to send.
Ugmuscle does not verify any exchange. We do though have some examples below
Exchanges where you can purchase bitcoins via cash deposit: WallofCoins, LocalBitcoins, LibertyX, BitQuick, Mycelium LocalTrader, Breadwallet
Ugmuscle doesn’t verify any exchanges in bold are the reccomended exchanges.
Exchanges where you can purchase bitcoins via credit/debit card: CoinMama, BitPanda, Bitit, Cex.io, BitStamp Crypterium instantexchange
Ugmuscle.com does not verify any exchanges in bold are just reccomended exchanges
Exchanges where you can purchase bitcoins via bank transfer: Gemini, Xapo, BitStamp, Kraken, BitPanda, instantexchange
Ugmuscle doesn’t verify any exchanges in bold are just reccomended exchanges
IMPORTANT NOTICE FOR ANONYMITY
If your exchange is offering a wallet make sure to stay away from keeping your funds in that wallet or making any payments from that wallet. You should always have a personal 2nd wallet like Breadwallet, Greenaddress, Mycelium (mobile devices) Electrum (desktop). Any funds deposited in the wallet that your Exchange offered should be moved immediately to your second wallet to keep your anonymity.
There are video tutorials prepared by LocalBitcoins.com and other exchanges that you can find online. They will provide you a similar experience, meanwhile at LocalBitcoins you can buy bitcoins with cash, bank transfers, PayPal and other various payment methods which makes LocalBitcoins a convenient place to buy bitcoin. Try to use a top ranked seller that has an up to date account and is active.
HOW DO I SEND AND RECEIVE BITCOINS?
Bitcoin uses payment addresses for sending and receiving funds. A Bitcoin address looks like this:
1CrFvJ8hjXk6LXVxRowhJ8i7RdUCag7fZ1
ATTENTION
The Bitcoin address above is a donation address. If you would like you can donate to this address the lowest amount possible just to try sending some bitcoin.This will show you how your wallet works and you can see if your wallet automatically includes the transfer fee or if you need to add in the transfer fee. You can also see how long it takes for a bitcoin transaction to confirm.
The confirmation is the final amount that is actually received. When you transfer bitcoin can change in value. I reccomend transferring a little extra to make sure that once the transfer confirms it is still above or at the correct amount needed to be sent.
Depending on the wallet used it can take between 3-5 confirmations to confirm. I reccomend using the fastest speed available in SAT or miner fees. This will make sure that you send the correct amount.
You don’t have to remember it or keep it safe, you can have an unlimited number of payments addresses for your wallet. Try to follow a simple rule: one payment, one address. Every time when you hit the receive button in your wallet, a new receiving address will be generated, or you will need to find the option to generate them manually.
If you use a higher quality wallet you will always have a new address and it will calculate the miner fees above the amount needing to be sent. Wallets like mycelium will do this and it is a reccomended wallet.
NOTE
Online wallets or mobile applications might ask for your wallet password or two-factor authorization code if you are sending bitcoins. If you have your Google Authenticator app enabled, just open it on your smartphone and insert the provided code. Or you may receive this code by SMS or even by Email it depends on your wallet’s settings. I definitely recommend using 2 factor authentication and a pass code before sending a transaction once you send a bitcoin transaction it can not be stopped or returned. Always check the address that you are sending to is the correct address. **I recommend checking the first 3 lettersor digitsand the last 3 lettes or digits to be sure that you’re sending to the correct bitcoin address. **
The easiest way is to copy and paste the address that you are sending to. Sometimes you may have more than one address on your clipboard so that’s why its important to always check before sending.
QR codes are here to simplify Bitcoin transactions. They are extremely convenient if you are using a wallet on your mobile phone or to scan a QR code sent to you by the receiver. Just open your wallet and scan the QR code in order to complete a payment.
You can scan that image with a simple QR-scanner on your smartphone and you will be able to read the payment address and the BTC amount if it is specified.
Some desktop clients have the option to insert a QR-code when you are sending some funds. Just save the QR code image and insert. The Bitcoin wallet will read it and add the address automatically.
Sometimes bitcoin wallets have an option to generate QR codes for a payment address. Save that image of the QR code and you can then use it at your convenience if you were to need to receive some bitcoin from someone you can send them the QR code that you have saved through an email or sms message. I know that some sponsors offer this service to help make things easier when using a btc atm. You will have received the QR code from them and instead of depositing the bitcoin into your wallet you can just send it straight to there wallet from the bitcoin atm. This will save you on miner fees and time transferring from wallet to wallet.
Long story short
Bitcoin wallets provide a similar user’s experience. There is a SEND button to make payments and a RECEIVE button to get them. You’ll need a payment address and an amount to be transferred. An exchange is a good place to get some bitcoin. The fees are usually low and Bitcoin used correctly has a higher anonymity level than other online payment methods. It’s somewhere near to cash payments. It’s also so much easier than all other payment options. Once you learn how to use bitcoin you will probably never send another WU or MG payment transfer again and there are so many different online businesses that accept bitcoin now that it can be good to have to use online. I save a ton of money using places like purse to save up to 33% on anything from Amazon.
You can actually even use purse as a wallet also. Once you start to use bitcoin it becomes very easy and convenient.
It might be a little hard at first but after the first transaction you will then be a pro because it really is easy once you take the leap and send your first transaction.
**You should always consider to check the Bitcoin official rates I prefer BitStamp, although there are many different exchanges with different rates.Exchanges usually have their own rate so make sure to ask the reciever which exchange rate they use. This will help avoid having to send more than one transfer. Exchanges can be as much as $50-$150 in difference which can be frustrating but a good wallet will take this into account and give you the average price of bitcoin at the time you transfer. **
This guide applies to Bitcoin, aka BTC only. Though the naming is almost identical, Bitcoin Cash, aka BCH is a different cryptocurrency. Bitcoin Cash (BCH) has it’s own blockchain and it’s own exchange rate. Bitcoin Cash (BCH)'s exchange rate to USD is significantly lower than Bitcoin (BTC) to USD. Please ALWAYS make sure to pay for your order in Bitcoins (BTC). Do not make any payments in Bitcoin Cash (BCH) unless you have discussed with the sponsor about using (BCH) or any other form of cryptocurrency. Your funds will be lost if you were to send a different form of cryptocurrency to a (BTC) address.
WHY SHOULD I CHOOSE BITCOIN?
It’s almost completely anonymous if you purchase and send an anonymous way. Any payment can be completed from multiple accounts, a single wallet can have as many as you want receiving address and a different one for sending funds. Account verification/validation might be mandatory for Bitcoin Exchanges, places where you can buy the coins, but you don’t need to do this for your personal wallet or wallets.
It requires significantly less time for payment confirmation. We might need 1-2 days to process and confirm your Western Union and MoneyGram payments and 10-20 minutes for the Bitcoin ones. The faster your payment will be confirmed the faster a sponsor will ship your order and should be delivered faster.
Bitcoin is not backed by any single bank or country. It’s decentralized. There is no authority to block a bitcoin transaction there are no reasons to do so. Over the years things have changed in regards to Western Union and MoneyGram transactions which
an cause these transactions to be blocked sometimes for a reason that might be from a good one to the most stupid one. A blocked transaction will require your time and additional costs to resend the payment.
365 days a year and 24 hours a day – Bitcoin payments are always available. Just make sure that your Internet connection is up and running. It’s like PayPal, credit/debit cards or any other online payment method you are used to, but with a much higher level of anonymity.
HOW BITCOIN IS ANONYMOUS?
Probably you’ve heard that all Bitcoin transactions are public and Tradeblock or blockchain are some of the best places to “watch” them. Also buying bitcoins from an exchange might involve an account verification/activation (SMS, e-mail or credit card/bank statement). So how can it be anonymous? Assuming you bought some coins from an exchange and confirmed the transaction with your personal phone number. On the other hand, you don’t need to verify your email address, confirm your phone number or identity for creating and using a bitcoin wallet. Next, you can create a new wallet and transfer your funds there. You can transfer the funds in a single transaction, you can do it in multiple transactions and using different receiving addresses. Actually the most private way for Bitcoin payments is to never re-use an address wallets like mycelium or samurai automatically change the address every transfer. Maybe you might want to transfer the funds from the exchange to multiple wallets and finally to your personal wallet this is not really needed but depending on how anonymous you want it to be this will help. The bitcoin fees are extremely low, so it’s really your personal decision how private it should be.
Are you concerned that some Bitcoin wallets are keeping activity logs and your IP might be revealed? A VPN solution could help you to keep your IP safe there are many to choose from Nord VPN is a good simple choice with a low cost and high speed.
*NOTE: Usually Tor is not recommended for Bitcoin payments especially for not tech savvy users. A malicious TOR exit node intercepts the traffic between your computer and your online wallet and you could lose all your bitcoins. I would recommend that unless you are very familiar with TOR to just use a VPN.
HOW SHOULD I STORE MY BITCOINS?
Identical to printed money, bitcoins are stored in a wallet. There are a few types of wallets designed for bitcoins, from the online wallets, standalone Bitcoin clients for desktop and mobile to hardware ones such as Trezor which are made for only one purpose for storing and managing your Bitcoin funds and transactions. A handy guide how to choose your wallet with full description is available I would recommend using mycelium or blockchain I would recommend not using coinbase it is a very convenient wallet but is not very anonymous.
CHOOSE YOUR BITCOIN WALLET
The best way to store your Bitcoins is a wallet on your computer or mobile phone as you’ll get full control over your Bitcoins. A noticeable example of a stand alone wallet is mycelium or samurai. Just remember, there are two types of desktop wallets with full validation and simplified ones. Full validation requires you to download all the “block chain” data on your computer, which is a very large database (60 GB and growing every 10 minutes) that contains all the transactions ever made using Bitcoin. Full validation in theory provides an extra layer of security and allows merchants to avoid “double spends”. As a normal user, simplified validation works just fine and there is no reason to maintain a complete copy of all the transactions. You are only interested in a small part of the block chain that contains your transactions and it is about 25-30 MB. Online wallets are very popular nowadays as they are easy and quite fast to set-up, don’t require any free space on your HDD and are just as convenient, especially when we are talking about relatively small transactions or occasional ones. An example would be when you want to transfer you bitcoins from a Bitcoin Exchange to your personal wallet.
IMPORTANT
Its strongly recommend using online wallets only if you are totally new to Bitcoin and/or you intend to use bitcoins for occasional, relatively small payments, without keeping to much of your own funds in bitcoins.
HOW DO I CREATE MY FIRST BITCOIN WALLET?
This can be as simple as going into the playstore and downloading a wallet like mycelium or samurai. When you download your wallet you will be given a 12 word sequence. This 12 word sequence is how you will recover your bitcoin wallet if you were to ever lose or damage the device that your bitcoins are stored on. ALWAYS keep this sequence written down and kept in a safe place just as you would a key to a safety deposit box.
HOW DO I GET BITCOINS?
The fastest way to get bitcoins is to find a Bitcoin Exchange or a Bitcoin ATM. You can also use as an example the local trader option that comes with mycelium or you can use websites to trade fiat(actual usd or euros) for bitcoins. Here are some examples that you can search to find the one that will work for you. Ugmuscle doesn’t verify any of these options. There just examples of some that can be used.
- BUYBITCOINWORLDWIDE*
An extremely convenient website that will help you to locate a reliable bitcoin exchange that supports your favorite payment method.
All you need to know about bitcoin ATM. Detailed ATM maps. Browse ATM by countries. They also have a mobile App for Android or iOS.
DISCLAIMER
Frequently bitcoin ATM fees and buying exchange rates can be high usually between 8-20% depending on buying or selling also rates differ depending upon location and the market price. Please always double check the amount of bitcoins you will receive for your fiat(actual money) and compare it with an official and actual exchange rate I like to use the bitstamp rate. If the amount of bitcoin you will recieve is significantly lower than the expected price try to wait to purchase. Bitcoin can have fluctuations up and down or some times it will stay level. Do not proceed with payment if you can see that bitcoin is unstable. Wait a bit until it becomes stable or goes down in value. This can be good because your bitcoin amount will be the same but its value can go up. This can also be bad if you buy and then the value goes down. I reccomend to always buy more bitcoin than you will need. Maybe 10% extra so that if it drops in value you will still have the correct amount of value that is needed to send.
Ugmuscle does not verify any exchange. We do though have some examples below
Exchanges where you can purchase bitcoins via cash deposit: WallofCoins, LocalBitcoins, LibertyX, BitQuick, Mycelium LocalTrader, Breadwallet
Ugmuscle doesn’t verify any exchanges in bold are the reccomended exchanges.
Exchanges where you can purchase bitcoins via credit/debit card: CoinMama, BitPanda, Bitit, Cex.io, BitStamp Crypterium instantexchange
Ugmuscle.com does not verify any exchanges in bold are just reccomended exchanges
Exchanges where you can purchase bitcoins via bank transfer: Gemini, Xapo, BitStamp, Kraken, BitPanda, instantexchange
Ugmuscle doesn’t verify any exchanges in bold are just reccomended exchanges
IMPORTANT NOTICE FOR ANONYMITY
If your exchange is offering a wallet make sure to stay away from keeping your funds in that wallet or making any payments from that wallet. You should always have a personal 2nd wallet like Breadwallet, Greenaddress, Mycelium (mobile devices) Electrum (desktop). Any funds deposited in the wallet that your Exchange offered should be moved immediately to your second wallet to keep your anonymity.
There are video tutorials prepared by LocalBitcoins.com and other exchanges that you can find online. They will provide you a similar experience, meanwhile at LocalBitcoins you can buy bitcoins with cash, bank transfers, PayPal and other various payment methods which makes LocalBitcoins a convenient place to buy bitcoin. Try to use a top ranked seller that has an up to date account and is active.
HOW DO I SEND AND RECEIVE BITCOINS?
Bitcoin uses payment addresses for sending and receiving funds. A Bitcoin address looks like this:
1CrFvJ8hjXk6LXVxRowhJ8i7RdUCag7fZ1
ATTENTION
The Bitcoin address above is a donation address. If you would like you can donate to this address the lowest amount possible just to try sending some bitcoin.This will show you how your wallet works and you can see if your wallet automatically includes the transfer fee or if you need to add in the transfer fee. You can also see how long it takes for a bitcoin transaction to confirm.
The confirmation is the final amount that is actually received. When you transfer bitcoin can change in value. I reccomend transferring a little extra to make sure that once the transfer confirms it is still above or at the correct amount needed to be sent.
Depending on the wallet used it can take between 3-5 confirmations to confirm. I reccomend using the fastest speed available in SAT or miner fees. This will make sure that you send the correct amount.
You don’t have to remember it or keep it safe, you can have an unlimited number of payments addresses for your wallet. Try to follow a simple rule: one payment, one address. Every time when you hit the receive button in your wallet, a new receiving address will be generated, or you will need to find the option to generate them manually.
If you use a higher quality wallet you will always have a new address and it will calculate the miner fees above the amount needing to be sent. Wallets like mycelium will do this and it is a reccomended wallet.
NOTE
Online wallets or mobile applications might ask for your wallet password or two-factor authorization code if you are sending bitcoins. If you have your Google Authenticator app enabled, just open it on your smartphone and insert the provided code. Or you may receive this code by SMS or even by Email it depends on your wallet’s settings. I definitely recommend using 2 factor authentication and a pass code before sending a transaction once you send a bitcoin transaction it can not be stopped or returned. Always check the address that you are sending to is the correct address. **I recommend checking the first 3 lettersor digitsand the last 3 lettes or digits to be sure that you’re sending to the correct bitcoin address. **
The easiest way is to copy and paste the address that you are sending to. Sometimes you may have more than one address on your clipboard so that’s why its important to always check before sending.
QR codes are here to simplify Bitcoin transactions. They are extremely convenient if you are using a wallet on your mobile phone or to scan a QR code sent to you by the receiver. Just open your wallet and scan the QR code in order to complete a payment.
You can scan that image with a simple QR-scanner on your smartphone and you will be able to read the payment address and the BTC amount if it is specified.
Some desktop clients have the option to insert a QR-code when you are sending some funds. Just save the QR code image and insert. The Bitcoin wallet will read it and add the address automatically.
Sometimes bitcoin wallets have an option to generate QR codes for a payment address. Save that image of the QR code and you can then use it at your convenience if you were to need to receive some bitcoin from someone you can send them the QR code that you have saved through an email or sms message. I know that some sponsors offer this service to help make things easier when using a btc atm. You will have received the QR code from them and instead of depositing the bitcoin into your wallet you can just send it straight to there wallet from the bitcoin atm. This will save you on miner fees and time transferring from wallet to wallet.
Long story short
Bitcoin wallets provide a similar user’s experience. There is a SEND button to make payments and a RECEIVE button to get them. You’ll need a payment address and an amount to be transferred. An exchange is a good place to get some bitcoin. The fees are usually low and Bitcoin used correctly has a higher anonymity level than other online payment methods. It’s somewhere near to cash payments. It’s also so much easier than all other payment options. Once you learn how to use bitcoin you will probably never send another WU or MG payment transfer again and there are so many different online businesses that accept bitcoin now that it can be good to have to use online. I save a ton of money using places like purse to save up to 33% on anything from Amazon.
You can actually even use purse as a wallet also. Once you start to use bitcoin it becomes very easy and convenient.
It might be a little hard at first but after the first transaction you will then be a pro because it really is easy once you take the leap and send your first transaction.
**You should always consider to check the Bitcoin official rates I prefer BitStamp, although there are many different exchanges with different rates.Exchanges usually have their own rate so make sure to ask the reciever which exchange rate they use. This will help avoid having to send more than one transfer. Exchanges can be as much as $50-$150 in difference which can be frustrating but a good wallet will take this into account and give you the average price of bitcoin at the time you transfer. **
Last edited:
