TUTORIAL - Bitcoin: A tutorial on how to stay safe purchasing and spending Bitcoins


20 September 2017 Greg Smith
  • TUTORIAL - Bitcoin: A tutorial on how to stay safe purchasing and spending Bitcoins

    This is the easiest and cheapest way to purchase bitcoins. This is what we recommend anyone who is new to BTC to use. 


    How to Purchase and Spend Bitcoins Anonymously.



    Bitcoin (BTC) can be completely overwhelming when starting out. Most of that is due to the unnecessary, technical information, which most people don’t need to know, so for this tutorial we’re just going to show you how to purchase and spend BTC anonymously.



    What you need:


    • A computer


    • An Email Address (Create an address to use only for BTC)


    • Tor Browser or VPN (Not Necessary – Just extra precaution)


    CASH MONEY – (Entirely Necessary)



    1) Sign Up For LocalBitcoins.com



    Click on the Sign Up Button and on the following screen you’ll enter your Information and your newly created email address, as shown below. Fill out the Captcha Form and click REGISTER.


    2) Check your email for the Authentication Link and Activate your account. Close out of Localbitcoins.com and re-open. Make sure your Username and Password work, and Login. The hard part is now done!



    3a) You should be at the HomeScreen now. “I want to buy bitcoins,” should be selected and on the Payment Method box, select Cash Deposit. Then click SEARCH.



    3b) Now we’re going to find out how much we need to buy in BTC to cover our DVD Costs. General rule of thumb is buy what you need plus $20 in case BTC value fluctuates while we’re shopping. Typically doesn’t happen and we’re not really concerned with the value of BTC since we’re not investing in it. We’re using it as a means of currency exchange. Google, “BTC Price” and click search. 



    As you can see below I need $300 to cover my DVD’s and shipping, which comes out to be 0.76 Bitcoins. This is the number we’re concerned with. Remember that number and move on to the next step…


    4) Here is where we will choose our Seller. Just find someone that accepts deposits from a Bank near you – Bank of America, Arvest, Chase, etc. The seller should also have a 100% Feedback Rating and offer to do transactions for the amount of USD you’re going to send. Once you find one that seems good, click BUY.


    5) Here is where you’ll initiate your trade for USD to BTC. Input the Number of BTC you want to buy and it will give you the USD amount you need to send. Click “Send Trade Request” and proceed.



    6) Once the trade request has been initiated you will see the directions on the right side on how to proceed. Just follow the directions. This seller has stated requested you use your genuine IP (No TOR or VPN) which is OK since we have no identifiable information about ourselves and it’s NOT illegal to purchase Bitcoins. *Not all sellers require you to use your genuine IP, but if you feel uneasy about it, just look around. There are tons who don’t.



    After you’ve done what the seller requested: 1) Deposit Money in their Account, Upload Pic of Deposit Receipt, and received confirmation from Seller on transaction, we’re ready to spend our newfound Bitcoins!




    7) As in the pic above, click on your Profile Icon and click Wallet (it will have BTC in there hopefully).



    Here you will enter the Receiving Wallet Address (you will receive this from your DVD seller), the amount in USD you want to send, a description your seller requests (if they want to know who it’s from), and your password. Once that’s done, click “Send from Wallet”. 



    Congratulations! You have now paid for your DVD’s and you should get a confirmation and tracking number to let you know when to expect your Sex in the City – The Full Collection DVD Set.