Using Bitcoin to make payments requires one to have a Bitcoin account, which can be established through three steps. The first is to down the Coinomi using a smartphone. For those using iOS smartphones, they will search for the Coinomi on the App Store, while those using Android smartphones will search for it on the Google Play store.
The second step after downloading Coinomi involves writing down the recovery phrase. This is a 24-words phrase, which is unique for every individual. After writing down the recovery phrase, the third step is to set a password.
A good and strong password should have a minimum of eight characters. The characters should include numbers, letters, and special characters. The letters should be both upper and lower cases. Once the password has been set, one can be able to add the Bitcoins to the wallet using the receiving address. It is possible to open a provider account even if one does not have a bank account.
There is an age limitation for people who want to open Bitcoin accounts at the provider. The new policy put in place in 2017 puts 18 years as the minimum age for anyone who wants to open a bitcoin account. This, therefore, means that one has to be 18 and above to be able to open and hold a Bitcoin account.
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