Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin is a peer-to-peer online currency. It means that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
Read our detailed BTC review if you want to learn all the specifics of Bitcoin. And in this article we’re going to make a wallet for BTC storage.
Step 1. Go to Atomic Wallet and click the «Download» button.
Step 2. Choose your device to install the application. We will use the Windows PC.
Step 3. When you have downloaded and installed the application on your computer, run the Atomic Wallet and click the «New Wallet» button.
Step 4. Come up with a strong password you don’t use anywhere else. Press «Set Password».
Step 5. Save the 12-word seed phrase so you can easily regain access to your wallet.
❗ Don’t share this data with anyone!
Step 6. Open your wallet.
Step 7. To find the address of your wallet click the Bitcoin line.