If you have not used bitcoin before, then this guide will help you understand what is needed to create a bitcoin account and start making purchases, using bitcoin.
Using bitcoin is easier than you may think, it's a Virtual currency, you just need to convert your own money into bitcoin, by buying them on-line, it's really that simple.
Some bitcoin providers will allow you to transfer directly from your account, without the need for a Wallet. We have looked at many bitcoin providers and found some to be too unreliable, some are too expensive, and some don't serve some countries. One reliable bitcoin seller is CEX.IO. They only charge 2% for each bitcoin purchase's, and allow direct transfers once the coins are available on your account. This will allow you to purchase research chemicals using bitcoin.
You will need to identify yourself, either through your Facebook account (easiest) or register your details manually.
Use Google Authenticator APP (download to your smart phone) or just follow the alternative instructions for the authentication of the account.
You can buy bitcoin with credit/debit cards, and your account can be approved in as little as 1 hour. When you first create an account with CEX, you will be forced to wait 48 hours, before you are able to withdraw any bitcoin.
Once your bitcoin are available in your account, you will be able to transfer the correct amount to our provided accounts, in order to pay for your research chemicals.
Later down the line, you may want to look into setting up a bitcoin Wallet for yourself. At the time of writing this article, we feel that Green Address provides the best and safest bitcoin Wallet, but please research your own options. Creating an account with Green Address is easy. Simply follow the steps to register an account, making sure you save your passwords somewhere safe, as you complete your registration. You will be given the option to download an App for your phone, and even to link your Facebook account in a limited operational capacity, for the easy transactions.
Once you have you bitcoin Wallet, transfer your bitcoin into your wallet for safety, or use them by purchasing your research chemicals, directly from your CEX account.
USA Clients Only:
Coinbase allows you to buy bitcoin instantly by connecting to your USA bank account, and purchasing bitcoin directly. You need an account number and routing number, which can be found on a check. A credit card can also be linked to your account, for greater flexibility. Coinbase also acts as a bitcoin wallet, allowing you to store your bitcoin once purchased. A Coinbase account is ideal for beginners first getting involved in bitcoin.