CWE Trading Bots - Liz Malton

Bitcoins aren’t printed, like dollars or euros, but are maintained by a community of open-source developers. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin is notable for a number of advantages:

it is easy (person to person), you can send bitcoins using your computer, tablet, smartphones, or any other devic

e to anyone, anywhere in the world. extremely fair minimal fees (less than 3 cents for every transaction)
it is secure, transactions are verified with state-of-the-art encryption
it is open-source (fully decentralized)

To avail the advantages of bitcoin you need to use a bitcoin wallet (to send and receive bitcoins) and use the services of bitcoin exchanges (to buy and sell bitcoins, i.e. to convert them to your local currency).

“What is Bitcoin?” video: https://youtu.be/HNYBq0ib7iE

How to Create a Bitcoin Wallet? To start using bitcoins you need to create a “bitcoin wallet”, this is basically a bitcoin equivalent of a bank account where it allows you to receive bitcoins, store them and send them to others. There are many kinds of bitcoin wallets. Here, we just listed two of the many. Please note that “bitcoin wallet” is only for keeping, sending and receiving bitcoins and not for buying bitcoins.

1. Blockchain
https://blockchain.info/wallet
To register:
Go to the website https://blockchain.info/ and click “wallet” http://prntscr.com/7ibc6y
Click “Start a new wallet” (Later you will just login in) http://prntscr.com/7ibedj
Put your information and submit it. Then check your email for verification link http://prntscr.com/7ibftk
Don’t forget your indentifier, you will need it everytime you log in to your wallet http://prntscr.com/7ibg52

2. GreenAddress
https://greenaddress.it/en/wallet.html #/create_warning
Please follow this manual to use GreenAddress bitcoin wallet:
https://www.expresscoin.com/wallets/bitcoin/greenaddress

How to Buy Bitcoins? There are many different websites where one can purchase bitcoins. You can use South African bitcoin exchanges, as well as international bitcoin exchanges. SA bitcoin exchanges set the higher prices, but their services are easier. The international bitcoin exchanges set the lowest prices, but you need to pass more difficult verification process and you need to pay in US dollars (with payment card or bank wire). South African Bitcoin Exchanges:
1. AltCoinTrader
http://altcointrader.co.za/
One easy way to purchase bitcoins in South Africa by depositing money via local banks (unfortunately, the prices are very high). Guide for Altcointrader: https://youtu.be/QDXkopRynro

2. Ice3x
http://ice3x.com
Guide for Ice3x: https://youtu.be/xrDet6ccLvA

International Bitcoin Exchanges:
1. Bitstamp
http://bitstamp.net/
Very popular website. The prices are very lower. But you need to send money in US dollars via bank wire transfers. Registration: https://youtu.be/mMqKtxOyQO8
Verification of the account: https://youtu.be/Lpt4HF6ZWWY

2. Cex.io
https://cex.io/
Trading platform which accepts payments via bank wire transfers and payment cards (Visa and MasterCard). Guide: https://cex.io/guide

Note: International bitcoin exchanges ask you to send high quality pictures of your ID and proof of residence document to verify your identity.