Hello,
I'm trying to get started with BTC and am definitely uncertain about some things. I am planning to get some BTC from a person on localbitcoins.com. What are the steps to do this? I have no cell phone.
1. How do I get an address?
2. How do I get a passcode to buy and sell the BTC and store it securely (not online for people to hack)?
3. How do I confirm that I've received the BTC once I give the seller the cash?
Thanks
1. bitcoin.qt or for android try Mycelium https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en Both create a starting address and store the info locally.
2. you will have to go online. coinbase in USA is fairly simple. in stting it up you give them access to a bank account. Buying BTC withdraws form account. Selling BTC deposits USD. This is a lot like setting up a paypal acount. At first until you are confirmed you will wait days to get the BTC. Like paypal they can confirm you by performing test transaction of a few cents you tell them the amounts and now you can buy upto 10BTC instantly
3. the wallet does this unconfirmed entries are grey and once confirmed become black.