It’s Easy to Create a Bitcoin Account

Creating and Using Bitcoin Accounts

Creating and using a Bitcoin account in most cases is easier and quicker than creating and using a traditional bank account. In order to get started, read an overview pertaining to Bitcoin accounts from Bitcoin.it:

“Think about what happens when you give a bank teller some cash and ask that it be deposited into your account. You tell them your account number, and they credit your account with that amount of money.

The money itself is mixed up with all of the other money in the bank, and is given out to other customers with other account numbers.

With the Bitcoin “accounts” feature, you are the bank. The balance you see is the total balance for all accounts, and you can create an arbitrary number of accounts.

When you receive bitcoins, they are always assigned to one of your accounts, and you can change which account is credited based on which bitcoin address receives the coins, just like you tell a bank teller which account to credit when you deposit cash in your bank. However, sending bitcoins is like withdrawing cash from the bank; the coins that are sent out and debited from an account are almost always not the same coins that were deposited into that account.”

 

 

For more information on creating Bitcoin accounts, please visit our page on how to create a Bitcoin wallet.


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