Bitcoins guide

WHAT IS BITCOIN?

Bitcoin is a digital currency.

Read all about it here: https://en.bitcoin.it/wiki/Main_Page

HOW MANY BITCOIN DO I NEED?

The value of bitcoin against US Dollars will fluctuate on a daily basis. If you are unsure how many bitcoin you need to make a purchase, please email info@wormswell.com and we will be happy to provide a quote.  we will then accept that as the quoted amount for the next 48 hours to allow you time to make an order without concern over currency exchange fluctuations.

preev.com is a handy online USD/BTC calculator.

WHAT DO I NEED TO GET GOING?

The first thing you need is a wallet with a bitcoin address. This is an application that enables you to receive, store and send bitcoins. When you create an account with any of the bitcoin sites listed below, a wallet will be automatically created for you. Your bitcoin address is a series of numbers and letters that looks like this: 15w6px2DFzSdyiL471UWXKEkxof9UuHNENg

BUYING BITCOINS FOR THE FIRST TIME:

We would recommend the sites below as well established and reputable bitcoin exchanges. Registration and verification may take a few days so make sure you allow yourself time to go through the process before you place an order with us.

COINBASE (www.coinbase.com)

You can buy bitcoin using

Euros (EUR)

US dollars (USD)

Canadian dollars (CAD)

British pounds (GBP)

Singapore dollars (SGD)

Documentation (ie: passport / driver’s license / ID card) are needed to register and verify your account. Once your account has been verified you can buy bitcoins using secure direct bank transfer or credit/debit card.

BITSTAMP (www.bitstamp.net)

You can buy bitcoin using

Euros (EUR)

US dollars (USD)

Documentation (ie: passport / driver’s license / ID card) are needed to register and verify your account. Once your account has been verified you can buy bitcoins using secure direct bank transfer or credit/debit card.

COINJAR (www.coinjar.com)

You can buy bitcoin using

Australian dollars (AUS)

Documentation (ie: passport / driver’s license / ID card) are needed to register and verify your account. Once your account has been verified you can buy bitcoins using secure direct bank transfer or credit/debit card.

LOCAL BITCOINS (www.localbitcoins.com)

If you do not have a bank account in the currencies used by the bitcoin exchanges listed above, we would recommend using Local Bitcoins. This is a reputable marketplace, much like ebay, where traders in your local area offer bitcoins for sale at various rates and transact with you directly in your local currency. Please CLICK HERE to go to our STEP-BY-STEP GUIDE to buying bitcoins on LocalBitcoin.com.