This tutorial is meant for beginners who just want to get a stake in the future of cryptocurrency.
1. Get a bitcoin wallet
There are many choices out there, but I still like Coinbase for getting started.
2. Get some free bitcoin
You can use Coinbase directly to buy bitcoins if you’re in a hurry. But if you only want to own a small amount to get started, you can use one of the free “faucets” that give away small portions of bitcoins for free:
- BitcoinGet — Get your wallet address from your the “Account Settings” page in Coinbase. Watch some videos or do the other micro-actions they pay for. Make sure to do a few because you need to earn 60 µBTC to get a payout.
- BitVisitor — Same as above, you should login with your bitcoin address. Click through the sites and collect at least 100 µBTC to get a payout. I think this site is more sleazy and boring to interact with, but it’s another option if you want it.
Bitcoin is definitely the dominant cryptocurrency right now — but that could change. And being early to the party is how people make 2-100x with their cryptocurrency investments.
- Setup an NXT wallet — NXT is an upcoming coin that’s growing quickly and doesn’t use the exact same source code as bitcoin, the way most other alt-coins do.
- Get some free NXT — This site takes awhile to use, but stick with their game for a few days. You need to earn over 1 NXT to get paid out.
- Buy Darkcoin or NXT with Cryptsy — Three weeks ago, I predicted that Darkcoin would increase in value. Then it went up from $2.50 to over $10.00 in a week. Despite the higher price, I still like this coin. No darknets have started officially using it yet, and its anonymity makes it ideal for this use case. Darkcoin is already valued higher than Dogecoin and will continue to increase in value so long as developers can keep up with the code and it gets any kind of media exposure and adoption for real commerce.