What are the steps to do this? I have no cell phone.
- Create an account at localbitcoins.com
- Look on localbitcoins.com for local seller that you can meet with.
- Respond to the seller's localbitcoins ad with the amount of bitcoins you want to purchase
- localbitcoins will provide you with a "verify code". DO NOT allow the seller to see or know this code under any circumstances
- Arrange a time and location to meet the seller
- Bring the cash and the verify code with you to the meeting
- Show the seller that you have the cash when you meet them
- The seller will send a "release code" to localbitcoins and will receive a "verify code" back from localbitcoins in a txt
- Since you have never given the "verify code" to the seller, the only way they could have it would be if it came directly from localbitcoins
- If the "verify code" received in the txt by the seller matches the "verify code" that you have, then (as long as you trust localbitcoins.com) the bitcoins are now in your localbitcoins wallet and you can hand over the cash
- Go home, log into your localbitcoins account. You should see the bitcoins available for you to send wherever you like listed under the "wallet" link on the website
1. How do I get an address?
Install a bitcoin wallet on your computer. Wallets generate and keep track of addresses for you and allow you to send and receive bitcoins.
Some popular wallets to look into:
2. How do I get a passcode to buy and sell the BTC and store it securely (not online for people to hack)?
I don't understand your question. You can secure any of the wallets I've listed with a passphrase.
3. How do I confirm that I've received the BTC once I give the seller the cash?
The seller will receive a txt message with a verify code. Compare it to the verify code that you received from localbitcoins. If it matches, then you casn trust that you have the bitcoins (as long as you trust localbitcoins.com).