One of the quickest ways to start sending and receiving bitcoin is by downloading the app called “GreenAddress” from the App Store or Google Play Store. Before you start, it is important to know that this process will take approximately 10 minutes, and we recommend you to set up your bitcoin wallet in a calm and private place.

Once you’ve downloaded and installed the app, you will be shown the login screen of GreenAddress. Since you don’t have a wallet yet, click on “Create new Wallet”.

It is extremely important to back up your wallet. Wait? I need to back up my money?! Yes, contrary to the traditional financial system, where a bank is in charge of safekeeping your money, with cryptocurrencies, you are responsible for your own money. Bitcoin works with a universal 12 or 24-word backup phrase, by which you can restore your bitcoin wallet in case you lose your phone, for example. Write down the 24 words “GreenAddress” shows you after you clicked “Create new Wallet”. Please, do not keep a digital copy of these words on your computer as anyone with access to these 24 words can access your bitcoin. It is, therefore, much safer to keep these offline on paper and preferably in a safe.

After you wrote down the 24 words on a piece of paper, you may scroll down, click on the checkbox, and press continue. You will now be asked for a few random words out of your 24-word selection to confirm that you wrote down all 24 words correctly.

Now that you’ve verified the backup phrase, which you can use to recover your bitcoin in case of an emergency, it is time to protect your wallet for daily use. We recommend you configure at least two types of 2-Factor Authentication (2FA) for your own safety. Bear in mind that it would be preferred to use an email address, Google Authenticator, or mobile phone number which is not configured on the device you are running the GreenAddress app on.

Finally, you may configure a short PIN, which will be asked by the GreenAddress app once you want to send a payment.

Congratulations! You just set up your very first bitcoin wallet and you are ready to send and receive bitcoin payments. After you click “Show URI and address”, you will be shown the first address in your wallet. You may share this freely with the world as this is kind of like your bank account number. During the verification process of bittr, you may enter this as your receiving address so that we can send you your bitcoin.

Do you have any questions? Reach out to us at hello@getbittr.com.