One of end users offered me bitcoins for my domain name. I have no idea how bit coins work or even what bit coin is ? Can anyone throw some light how it works ? And is it safe ?
You may use Epik escrow/marketplace or NameSilo marketplace...
They accept Bitcoin as payment method...
If you're not sure about using Bitcoin, don't use it.
Ask them to convert their bitcoin to $ then send you payment.
If you messed up with bitcoin and send it to a wrong address, it's gone there is no refund
They can easily convert their bitcoin to $ anyway.
There are many wallets available using cloud based, exchange or local. Most exchange provide this services too. For example Coinbase.com, by the way you get $10 when you create your account and start using their service. I prefer exchange wallet and active multi-factor authentication, if you geek enough to understand a local wallet is highly recommended as you keep it yourself.But whats wallet system in bitcoin
you will be ok
Yes, actually i am not well versed with Bitcoins.
I got it Bitcoin is crypto currency ?you will be ok
I got it Bitcoin is crypto currency ?
There are 1000+ crypto in the market e.g. ethereum litecoin etc. I even have my own currency
Can anyone tell me what are those different kinds of wallets in bitcoin and which one to choose ?
+ NameCheap marketplace, but it is suitable only for their domains.You may use Epik escrow/marketplace or NameSilo marketplace...
They accept Bitcoin as payment method...