Thoughts on Bitcoin as payment?

[Mr. HIND]

I've been reading on bitcoin as a means to bypass WU and MG for those vendors that accept it, quicker and more convenient for the vendor, I think we'll be seeing a steady increase in this as an option over the next year or so.

I have been reading about it and have to understand it better. I'm looking for a bitcoin wallet that makes sense and then best way to purchase bitcoin and transfer to the wallet. 

Can someone PM me a link or suggestions on what worked for them on best way to set this up and cheapest means to purchase low amounts of bitcoins? 

Thanks - I have a fairly good idea but just curious for those that have had success with it and what worked for them. Or a web link that walks you through it step by step, I have read several - I just get a bit confused and want to make sure i do it securely and safely.

I'll post info here as it's common knowlege online and nothing new for unwanted infiltrators to learn.

 I recommend anyone start with either coinmama or coinbase and go through the process of creating and verifying an account. This includes giving bank or Debit card details, as this is required to tranfer funds for the purchase of cryptocurrency. No different than Paypal confirmation process. I suggest using bank info as cards can be quite finniky.

 Then learn how to navagate the user interface. Coinmama is mainly a place to purchase Bitcoin, Litcoin, Ethereum etc. But I'll use coinmama for a purchase example here:

 Say for instance one needs $150.00 USD in Bitcoin you select the bitcoin Button at the top of the page and this will bring up the Bicoin purchasing page. At the bottom right under 'USD' enter the amount of US Dollars you need to purchase and hit the purchase button. The next screen that pops up will ask for the wallet ID you want to tranfer the funds too.

 You could use your own wallet ID, which is suggested, but a little trick is to eneter the wallet ID a vendor sends you, after a purchase. Copy n  paste the vendor wallet ID. Next you go through the payment options. Once the purchase has been made Coinmama will send you an email to verify all info is correct before moving ahead with the actual purchase.

 The confirmation email is to make sure you have selected 1) the correct currency and 2) correct wallet address ID. When you are certain everything matches up hit confirm and you will get another email confirming the purchase showing the total amount and the wallet ID the currency was sent too.

 This final confirmation email can be forwarded to the vendor if needed. It dispalys the funds sent to their wallet with hash info etc. Also a .pdf can be printed anytime showing the transaction details.

 And Finally, the transaction has a pending time, so if you mess up you can go back in to coinmama and cancell the tranfer a start all over.

Good luck and take care