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If you’re looking for a primer on bitcoin and cryptocurrencies, you’re in the right place. We’ll take a look at the basics — what bitcoin is, where it comes from and how to buy it — as well as a range of other topics including valuation, legality and its practical applications. Creating a wallet varies with the wallet type. If you select a hot digital wallet—a software wallet—you must download the software to your computer, smartphone, or tablet. The software will automatically install the wallet, and you can deposit Bitcoin into it. One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange such as Coinbase. Coinbase has an easy-to-use “buy sell” button and you can choose which cryptocurrency you want to sell and the amount.

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