@ -147,6 +147,7 @@ Alice is now ready to start using her new bitcoin wallet.((("", startref="GSquic
Bitcoin transactions are irreversible. Most electronic payment networks such as credit cards, debit cards, PayPal, and bank account transfers are reversible. For someone selling bitcoin, this difference introduces a very high risk that the buyer will reverse the electronic payment after they have received bitcoin, in effect defrauding the seller. To mitigate this risk, companies accepting traditional electronic payments in return for bitcoin usually require buyers to undergo identity verification and credit-worthiness checks, which may take several days or weeks. As a new user, this means you cannot buy bitcoin instantly with a credit card. With a bit of patience and creative thinking, however, you won't need to.
[role="pagebreak-before"]
Here are some methods for getting bitcoin as a new user:
* Find a friend who has bitcoin and buy some from him or her directly. Many bitcoin users start this way. This method is the least complicated. One way to meet people with bitcoin is to attend a local bitcoin meetup listed at https://meetup.com[Meetup.com].
@ -193,7 +194,7 @@ In the input field for the bitcoin address, there is a small icon that looks lik
Joe now has Alice's bitcoin address set as the recipient. Joe enters the amount as $10 US dollars and his wallet converts it by accessing the most recent exchange rate from an online service. The exchange rate at the time is $100 US dollars per bitcoin, so $10 US dollars is worth 0.10 bitcoin (BTC), or 100 millibitcoin (mBTC) as shown in the screenshot from Joe's wallet (see <<airbitz-mobile-send>>).
[[airbitz-mobile-send]]
[role="smallerninety"]
[role="smallereighty"]
.Airbitz mobile bitcoin wallet send screen
image::images/mbc2_0102.png["airbitz mobile send screen"]
nadams
7 years ago