How does a digital wallet work?

A while ago, you were beaten around the ears all days with the news thatBitcoin is a hot item if you want to get rich.
But how do you get started?

First of all, you need to create adigital wallet create. This can be done on an authorized site, such as Coinbase .

- First step: on the site a account create.
- You must.verifying. For that, they need your mobile number. There they send a code, which you have to enter on their site.
Then you have to confirm who you are. This is by a photo of the front and back of aidentity documentto a link that you get back on your mobile phone. For example, the ID card is an ID card, a driver's license or a passport.

After that, it takes a while because they check your identity.
If they have proof that everything you're entering is true, you can start.
You link abank account to your digital wallet by transferring money to it.
This certainly does not have to be a large amount. I tried the first time with barely 10 euros. (Me and my suspicion, well...)
With that money you canbuy virtual coins : bitcoins, litecoins, ethereum. The bitcoin, when I started, stood at 15 600 euros, but even with your 10 euros you can buy a particle. Then, for example, you get 0,00056853 bitcoin in your wallet. If the price would rise tremendously an hour later, you immediately sell at the new price.
Just as easily that you put your money from your bank account into your digital wallet, you might as well put it back to your bank account.
It is, of course, a very variable market. A term that certainly applies: 'Buy the rumour, Sell the news' - When it is publicity, a lot is bought and the value rises. Unfortunately, it is also a bubble that can quickly splash apart.

Everything is possible on the site itself, including buying and selling.