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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
I Did It! I figured out how to use Bitcoin. I am downloading Bitcoin Core Wal. but have not used it yet. I have never used bitcoin. While it installs, I installed Electrum on my Mac & bought $4 of bit on CashApp & moved to My Wallet on Electrum. I lost like 11cents on $4.13. It there a cheaper way?
I'm wondering how one would restore a wallet that was made from a BIP39 seed to a Bitcoin Core wallet? Bitcoin Core does not use BIP39. So I presume you'd have to provide it the master private key.. but what is that exactly? Because on Ian Coleman's BIP39 utility website.... it shows BIP32 Root Key, Account Extended Private Key, and BIP32 Extended Private key... they are all different... which one would work to use in Bitcoin Core? How would one backup their Bitcoin Core wallet private key? Is there an applicable mnemonic? Or is it just the private key? Does Core work with QR codes? (Reading and Generating?)
I setup with Electrum and read how to sign (approve) transactions without plugging in my hardware wallet to the computer directly. But I also saw the option to export my wallet's setup to Bitcoin Core. I'd rather use a full node than depend/trust someone else as is the case with Electrum. I don't see on YouTube or elsewhere how to go back and forth between my hardware wallet's SD card and Bitcoin Core on my laptop to sign transactions. Can anyone point me to rhe self-help how-to resources for this, please?
TL&DR: What is the simplest way to exit money from Iran to Europe (legally!) using Bitcoin, now that there are US sanctions? Hello, A friend of mine (not at all interested in Bitcoin for speculation/investment) has asked me about Bitcoin for the following reason. He is originally from Iran but he moved to Europe (France and Switzerland) about 40 years ago. He recently got some money in Iran thanks to some heritage. However, due to US sanctions, it's not possible at the moment to simply sell the money, convert to EURO and receive the money in his EU bank. Thus he had this idea to circumvent sanctions (1) somehow buy Bitcoin in Iran with local currency (2) sell the bitcoin in Europe. So my questions are two, and I'd be very grateful if any Iranian fellow, or anybody with experience, could help: Q1: what is the simplest way to get (relatively high amounts of) bitcoin in Iran using money currently staying in a Iranian bank (as opposed to cash)? Do they have something like Coinbase? My friend is quite old and he's searching a simple and secure way to do stuff, even if there are some fees. Not crazy hackerish/technical solutions. Also, he does not live in Iran, as I said, so He needs to do things online and not in the street. Q2: Assuming he gets bitcoins in Iran, what are the procedures (if any) to declare these bitcoin in Europe (France/Switzerland), their source, and convert them to EURO in a "100% legal way"? My friend is not at all interested in breaking any European/Swiss law. thanks in advance!
Bitcoin is extremely empowering but also different than the currency you know and use every day. Step 1 ---> Get Started With Bitcoin Before you start using Bitcoin, which is still experimental but has been operational without any interruptions for over eight years, there are a few things that you need to know in order to use it securely and ... How to Use Bitcoin. Bitcoin was the first digital currency to eliminate the middleman. By avoiding banks and payment processors, Bitcoin developed a decentralized, worldwide market that requires only an Internet connection and an... How to Use Bitcoin Online. Bitcoin, being a digital currency accessed online, is naturally more of a fit for being used via websites than via actual stores. And indeed, there are many more options ... Before you can use Bitcoin you need to get a Bitcoin wallet. The first thing you’re going to need to do in order to use Bitcoin is to get a Bitcoin wallet. There are a lot Bitcoin wallets you can choose from, but if you’re just starting out I would suggest using one of the more user friendly wallets (i.e. Coinbase or Blockchain.info). Just ... Bitcoin does not require merchants to change their habits. However, Bitcoin is different than what you know and use every day. Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls.
How Bitcoin Works in 5 Minutes (Technical) - YouTube
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