The simple guide to bitcoins using Electrum

Bitcoin is the most established digital currency available today. It provides a safe, anonymous way to use manage your bitcoins. However, managing bitcoins is not quite as simple as managing a bank account. In this article I will explain how to manage your bitcoins using Electrum. Please note that in this article I will provide working knowledge of how to use Electrum, without entering the mysterious land of cryptography and technical details of Bitcoin.

First of all, I suggest you install the latest version of Electrum. Note that Electrum exists for Linux, Windows, OS X and Android. Instructions will vary depending on your operating system.

Once you have installed it, it will ask you what you want to do: create a new wallet, or restore a wallet. For now, just chose to create a new wallet leaving the default options.

The initial screen

Then, the second step comes along: Electrum will show you your “wallet generation seed”, which is a list of 13 words you will absolutely need to save somewhere safe.

The list of 13 words. If you are serious about bitcoins, you should memorise them

Remember: anybody with these words will be able to recreate exactly your Electrum wallet, and spend

Read more ... source: Bitcoin Warrior