How can we trade bitcoins low level?

We thought about buying bitcoins, but we are total noobs and the whole topic is very complex and there are lots of confusing instructions trying to sell some service.

The main idea was to buy the coins anonymous on the private market, for example selling a car for bitcoins.

Also important is the security aspect, so storage of the coins should be offline and not on a server or desktop machine.

So the following questions arise:

  • What tools can we use to trade with bitcoins. Not interested in apps or services that make it easier, etc. Libraries for python etc sound too complicated, too. Is there maybe an official bitcoin tool for linux?

  • If somebody offers us a bitcoin, how can we validate, that the coin is real?

  • How do you transfer the coin to another person?

  • How can you make sure that the transfer worked? How do you know the seller cannot sell it to another person.

  • Where do you store the coin? Is a wallet needed? How big is the data in bytes/octets? What format could be used to print it out on paper and put in a deposit box?

  • How can you split a coin into smaller parts?

  • What else needs to be considered?

A community answer would probably be a good format here.



from Recent Questions - Bitcoin Stack Exchange https://ift.tt/BoOzQSL
via IFTTT

Popular posts from this blog

Do Kwon’s Detention Prolonged Until 2024 As Montenegro Responds To Extradition Requests

Sam Bankman-Fried Trial Begins Tomorrow: 3 Reasons Ex-SEC Official Foresees Conviction

Future of Bitcoin encryption and security in a QC era