Create A Crypto Wallet
Creating a Bitcoin wallet is simple, and fun.
New To Cryptocurrency?
If EDUSwarm (EDU) is your first experience with Cryptocurrency, specifically Bitcoin (BTC) there are a few things that you need to understand to set up the system that BTC uses. In the Crypto world the term “wallet” is used in place of “bank-account.” EDU only accepts BTC for payment when you become a member and only pays affiliate commissions in BTC.
This document is to give you basic information and a few references where you can complete the steps required to participate.
Cryptocurrency systems work on the same premise with your wallet, that your bank does with funds. You simply enter “debits” (making a payment) or “credits” (deposits into your account). EDU does not utilize any Fiat currency or any currency that is involved with any type of controlling Central Bank.
We are going to provide you with some possible solutions to get you started. Now that you are ready
to begin with EDU Swarm, here are the steps to follow;
To expedite your enrollment process please “Purchase your BTC before beginning the enrollment process.” This is important because when you start the process and get to the payment screen it is going to ask you to transact in BTC.
If you have not procured your BTC previously, the time that it takes to get your initial amount set up will delay your enrollment.
Action Step #1– Set Up Your Crypto Wallet
Your wallet is like your bank account.
It will be used for commission payments to you as earned, by EDU and, it will also facilitate any payments that you choose. There are many choices for you to consider when selecting your wallet. Because it is separate from EDU Swarm you are free to select any wallet you want.
Some of the more popular wallets are shown below. You can investigate to see which ones have the best options for you.
You will need to be able to provide an active wallet when you complete a pay cycle and your earnings post in your back office.
You will then provide that wallet address and submit your request for payment to your wallet, and you are all set.
Listed below are a few wallet’s that you may want to review. There is no charge from any wallets that we are aware.
Action Step #2– Acquire your Bitcoin (BTC)
For many of you this is a whole new experience.
For many of you this is a whole new experience. We are dealing with a commodity called Bitcoin.
Like all commodities, there is a person who wants to sell BTC they possess and there is a person somewhere that wants to buy BTC. You have a buy/sell relationship that you build. BTC ranges in price when you purchase it.
There are no rules so there will be a percentage or fee charged when you buy or sell BTC. Here are a few options for your consideration.
One company that we want to refer for ease if you are in the USA is LibertyX – www.libertyx.com
When you go to their site and establish an account you will see a simple registration process, locations where you can buy BTC,
the price that each location charges and much more. If you need to get BTC quickly while you make permanent
arrangements this is a good source.
This is a simple convenient way for new people to buy enough BTC to join EDU Swarm.
Action Step #3– Join EDU Swarm!
Welcome the EDU Swarm Family!