Tag Archives: coinbase

Why having eWallet with bitcoins is not “luxury” anymore..

No, i am not going to expand about blockchain technology ..

It’s enough to understand that the internet is shifting from internet of information to the internet of value – thanks to the Blockchain technology, a secured database managed by a global network of computers.. enables transactions to be registered simultaneously and validate in few seconds.. is shaping the web and changing the world we know.. day by day.. hour by hour.. in different domains but especially in financial..

I will try to keep this post as simple as possible.. in my point of view, having an electronic wallet with some bitcoin holding is not a “luxury” anymore or actually is a very good idea.. considering the following factors:

  • Forecast of a range of analists that One bitcoin will reach the level of one million us dollars..
  • The vision of Bitcoin as the ‘NEW GOLD’ asside the upcoming Facebook new currency: Libra as the ‘NEW DOLLAR’ is processing..
  • Its logic to have local worldwide currency and to enable direct transfer without involving of third parties.. people deserve more than slow transaction, high commission and other sickness of traditional banking systems..
  • The fact that its popularity is constantly growing.. in general and in comparison to the other virtual / crypto currencies.. and that momentarily, there is no any real alternative to this solution..
  • The understanding that nobody can really stop the future.. governments.. banks.. will try..

Let get into the numbers:

Considering the value of one bitcoin today is ~10K USD. If the analists right and single bitcoin will reach the level of one million dollar.

You make 100 times of anything you have in your eWallet now. 1000 USD will became 100000 USD and so on. So if you have some believe in bitcoin, it will be smart to give it some attention.. sign-up for electronic wallet and fill it with some bitcoins holding..

How to setup your electronic wallet and buy bitcoins:

  1. In order to start the process all you need is an ‘active email account’ and a ‘strong password’
  2. Next thing is to signup for one of the electronic wallet solutions online.. are many different companies* but my advise is to stick to coinbase which is known and trusted and offer very easy procedure.. so,
    ** Signup with Coinbase **
    – you will need to ‘verify the confirmation link’ automatically sent to you..
    and you will find your wallet ID address right down the email as follow or under ‘tools’ in your account:Example of electronic wallet address:

    Your Wallet ID:

    242bbfc7-7db8-43cb-b8ef-eb5f5d380068
  3. After setup your electronic wallet in coinbase it’s the perfect time to connect your bank account, debit cards or other alternative payment methods (paypal etc..) to your account and simply buy bitcoins..

After completing the setup procedure you will be able to access your electronic wallet from any of your devices such as: mobile, ipad, desktop etc.. and screen your live statistics anytime.. E.g. a screenshot of coinbase digital wallet:

coinbase1.jpg

For any questions about bitcoin and electronic wallets contact us:

Alternative electronic wallets:
SpectroCoin