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Need some Bitcoin help for a digital currency newbie......

thebeavthebeav Posts: 3,753 ✭✭✭✭✭

Hi Folks,
I have an account on a site that I have to close. It's only got a 500 dollar balance, but the company will only pay me in Bitcoins. So, I need to get myself a 'wallet'. I've just looked at the Bitcoin.org site and I see that there are 8 or so different 'wallets'. I suppose I would just use that money to buy things on Amazon, possibly ebay, or some other common sites. Can you give me an idea of which wallet I should sign up for ?
I appreciate the help.

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    291fifth291fifth Posts: 23,942 ✭✭✭✭✭

    What kind of a site only pays in Bitcoins? If they owe you 500 real US dollars they owe you 500 real US dollars, not Bitcoins.

    All glory is fleeting.
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    TwoSides2aCoinTwoSides2aCoin Posts: 43,847 ✭✭✭✭✭

    " The block chain gang reserves the right to be quiet. ". Said a coin geek, once.

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    ShadyDaveShadyDave Posts: 2,188 ✭✭✭✭✭

    These two links may help you: https://en.bitcoin.it/wiki/Main_Page and https://www.weusecoins.com/

    I strongly suggest you use a cold wallet, but I'm not sure you know enough to get everything up and running. If you are just looking to get rid of the bitcoins, maybe just buy some silver from JM bullion and convert it to cash if that's what your end game is?

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    1630Boston1630Boston Posts: 13,772 ✭✭✭✭✭

    I have no idea, but will listen and learn here :smile:

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

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    thebeavthebeav Posts: 3,753 ✭✭✭✭✭

    Hi Dave,
    Thanks for the suggestion. I don't see a 'cold' wallet. they have these names, Bitcoin Core, Bitcoin Knots, BitGo, Electrum, GreenAddress, ArcBit, mSIGNA, Armory, and Bither.

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    Batman23Batman23 Posts: 4,999 ✭✭✭✭✭

    @1630Boston said:
    I have no idea, but will listen and learn here :smile:

    Same here. :)

    Let us know how it works out.

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    ScarsdaleCoinScarsdaleCoin Posts: 5,187 ✭✭✭✭✭

    So not everyone takes all crypt. However I believe Provident Bullion is back accepting Bitcoin. My suggestion would be to take it and cash out asap for some silver and just move on.

    Jon Lerner - Scarsdale Coin - www.CoinHelp.com
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    thebeavthebeav Posts: 3,753 ✭✭✭✭✭

    Thanks Jon. That's probably what I would do. I don't have a lot of interest in a cryptocurrency that's trading at it's peak value.
    I'm getting the wallet thing figured out a little bit. Some of them are for android, some Microsoft and some Apple.....

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    Wow... I would not like that ... to be offered payment only in bitcoin... I do not trust the whole cryptocurrency thing anyway.... I think it will implode..... get your money out quickly.... Cheers, RickO

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    CakesCakes Posts: 3,462 ✭✭✭✭✭

    @ricko said:
    Wow... I would not like that ... to be offered payment only in bitcoin... I do not trust the whole cryptocurrency thing anyway.... I think it will implode..... get your money out quickly.... Cheers, RickO

    If you can afford to not have the $500 I would let it ride.

    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
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    thebeavthebeav Posts: 3,753 ✭✭✭✭✭

    Well, I settled on the 'electrum' wallet. Got it downloaded, waiting for the deposit to arrive. Boy, this Bitcoin seems so volatile. It was 4 grand a pop yesterday afternoon and 35 hundred this morning. It'll be an experience.....

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    ChrisRxChrisRx Posts: 5,619 ✭✭✭✭

    @thebeav said:
    Well, I settled on the 'electrum' wallet. Got it downloaded, waiting for the deposit to arrive. Boy, this Bitcoin seems so volatile. It was 4 grand a pop yesterday afternoon and 35 hundred this morning. It'll be an experience.....

    If you hate it now, wait til you try it.

    image
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    TwoSides2aCoinTwoSides2aCoin Posts: 43,847 ✭✭✭✭✭

    I only hope it doesn't turn out like a bad marriage.

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    thebeavthebeav Posts: 3,753 ✭✭✭✭✭

    The transaction was completed yesterday. I now have a wallet with a partial bitcoin in it.
    Now, I can either speculate or dump this off somewhere.

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