Bitcoin tutorials

A personal blog by Kimotho Kamau. I write about bitcoin. Contact me

A USD Wallet backed by blockchain

April 06, 2020

A virtual USD wallet enables you to store US dollars in an online-wallet that you can access 24/7, and it also allows you to convert a part or all of your US dollars to your local currency anytime. This guide discusses the importance of holding USD instead of local currencies in uncertain times, and compares the alternatives ways(commercial-banks and forex bureau exchanges) of getting in and out of USD.

How to send bitcoins to localbitcoins

April 03, 2020

This guide demonstrates how to send bitcoin to localbitcoins. In most cases, you send bitcoin to localbitcoins when you want to sell to get local currency/fiat. You can send bitcoins to localbitcoins from any exchange or from a personal wallet (mobile app, desktop/laptop or hardware). In this guide bitcoins are sent from binance.

How to sell tether(USDT)

March 27, 2020

This guide demonstrates how to sell tether(USDT) to buy bitcoin. Tether is pegged 1-to-1 to the US Dollar, hence if you have 100 Tether in your binance wallet, it means you have 100 USD, which you can use to buy bitcoin, then sell the bitcoin to your local currency. It also shows how you can use tether to buy bitcoin at a lower price if you think that the current price is too high and you are anticipating a drop.

How to buy tether(USDT)

March 26, 2020

This guide demonstrates how to buy tether(USDT) using bitcoin. It first explains what is tether, its background and how it works, then goes to the steps of buying it using bitcoin.

Send bitcoin to binance

March 26, 2020

This is a short guide that shows how to send bitcoins to binance. You may be sending bitcoins from another exchange or your wallet (mobile app, desktop app or hardware wallet). For this example I will demonstarate sending from a peer-to-peer cryptocurrency exchange called localbitcoins

How to setup Two-Factor Authentication

March 25, 2020

This guide demonstrates how to setup two factor authentication. This is a security feature that adds extra security to your account. Most bitcoin exchanges have a wallet for each user and since the wallets contain valuable funds, bad actors are incentivized to use advanced tactics to hack into the wallets. Adding two factor authentication (2FA) adds an extra layer of security that protects your account against hackers.

How to open a binance account

March 24, 2020

This is a guide on how to open a binance account. A binance account is required when you want to buy tether(bitcoin-backed USD) or when you want to buy other cryptocurrencies.

How to store bitcoin

March 23, 2020

This is a deep-dive into why you need to store your bitcoins securely, then factors to consider while choosing among the many different bitcoin wallets

How to buy bitcoin part II

March 22, 2020

This guide shows you how to buy bitcoins. It is a continuation of the 'How to buy bitcoin part I' which walks you through the signup process for an exchange account.

How to buy bitcoin part I

March 21, 2020

This is part of a step-by-step guide on how to buy bitcoins. It walks you through the signup process for an exchange account. Which will enable you to buy or sell bitcoins (Part II), and access to a bitcoin wallet that can send and receive bitcoins.

What is Bitcoin

March 20, 2020

A compilation of resources that answers every question about bitcoin, its origins, why it was created, how it works, what makes it a great investment and where it is one of the most novel technologies of our times and in the years to come.