LogFAQs > #904859554

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TopicCan someone explain Bitcoin to me? How to fund/withdraw?
Houston
07/10/18 11:24:24 PM
#11:


Mal_Fet posted...
Houston posted...
R0N1N187 posted...
2) Coinbase


Is this all I need to buy Bitcoin/have a wallet/use to pay a merchant/Receive money? Or do I need to download Bitcoin also?

You just select which currency to buy and buy it.

If you buy $100 worth of Bitcoin, you'll get $100 worth of a Bitcoin. Which would equate to like 1/3000ths of one coin


Okay. So a Merchant I want to pay accepts "Bitcoin".

All I need to do is have a Coinbase account, buy the Bitcoin currency... then how do I get that money to the Merchant? And can that Merchant deposit bitcoin into my Coinbase account?

Is that all I need is Coinbase to make transactions?
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