The world is now moving away from a physical form of currency and embracing digital cryptocurrency like bitcoin, Ethereum, and Litecoin. A number of merchants have started their trades in cryptocurrency as it is easy and safe. One can also trade or invest in these types of currencies in order to generate income out of it. In order to have any transaction in the cryptocurrency, you must first open a bitcoin account with the service provider company. After that, you can have a wallet to transact from.
Opening an account is very simple. It has the following steps.
- Select the service provider that you want to have a wallet with and visit the wallet’s website.
- You can sign up on the website using your email address. They will ask for a piece of basic information about yourself. Then you have to create a password.
- Back up your paraphrase from the security point of view.
- After this, link your mobile number and answer the password recovery questions.
After having all setup, you will be able to access your wallet and start transacting through it. You can store all your crypto’s, keys, and digital possessions in this wallet. Security is a major aspect when you start trading or investing in these currencies, thus with whom you should open a bitcoin account is a task you need to complete with thorough research. There are around 43 companies you can associate with, but one should choose wisely as different companies serve the purpose according to one’s requirement.