One Month Bitcoin

Welcome Preview 03:24

Let's go through the basics of what a digital currency even is, and how Bitcoin fits into it. 

Digital Currency - Most of us don't actually have money physically in a bank. Most of the 'money' we make and spend is moved and managed digitally. If you use direct deposit, money is moving between you and your company digitally. The US dollar and most other national currencies are just as digital as Bitcoin. 

Bitcoin (BTC) - not a coin! But it is a digital currency - you can send someone bitcoins much faster, more safely, and without the middlemen or fees associated with traditional banking - because it is controlled by a network of people, not one single authority. 

Coinbase - A site where you can buy and sell bitcoins. 

What is Bitcoin? Preview 06:39

Bitcoin is two things: it's a digital currency, and a technology. Let me explain... 

How does the Bitcoin technology work? Preview 10:04

The Bitcoin technology (known as the blockchain) revolutionizes how we share data, and identity across the Internet. 

Where did Bitcoin come from? Preview 10:43

A five minute history of Bitcoin including stories of BitGold, Satoshi Nakamoto's 2008 white paper, the Mt. Gox crash, and Bitcoin Cash.

How to setup your Coinbase account Preview 05:05

Let me walk you through how to set up your Coinbase account.

How to buy your first Bitcoin (BTC) Preview 05:53

Let's buy $5 USD worth of bitcoin together! 

Two Factor Authentication Preview 03:53

How to setup 2FA on both your Bitcoin and your email account for increased security 

Send and receive Bitcoin Preview 02:55

In Coinbase, you can set up your Bitcoin wallet to only receive Bitcoins, and well as to send Bitcoins to other people. Your wallet address is almost like an email address, so when people send you money, they use your wallet's QC code or hash. 

When you want to send money from your wallet, you'll put in the person in question's address. The fees involved should be pretty low, and the transfer should happen pretty quickly. 

Public keys Preview 04:35

Let's learn about Public Keys, and what you need to know to keep your identity safe. 

Private keys Preview 03:23

Now let's talk about private keys, and how to keep them secret, keep them safe. 

A private key is a secret number that allows bitcoins to be spent. It is, more or less, your password.

If you're on Coinbase, the site holds onto your private key for you, and you get access to it by logging in. Which makes Coinbase... kind of like a bank. 

Never leave your money at the exchange Preview 08:44

Three reasons why you should never leave your money in Coinbase, Kraken, Poloniex or ANY online exchange. 

Hot wallet vs. cold wallet Preview 05:53

What's the difference between hot wallet storage, and cold wallet storage?

How not to lose your coins Preview 05:41

Your four step security checklist!