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Podcast What can you program in just one tweet? You can find a download for the Bitcoin Core Wallet on Bitcoin. The first thing you should do is Encrypt your wallet. Encrypting your wallet will password protect all of your bitcoin addresses. If you do not encrypt your wallet, anyone with access to your computer can take your bitcoins. Your wallet file wallet. If you lose this data, you will lose the bitcoin in all of those bitcoin addresses. Anytime you create a new bitcoin address or send bitcoins to someone, Bitcoin Core will add that new information to your wallet.
This contains a list of your public keys, they appear as a long string of characters. At this point you are ready to accept bitcoin. You can share this address with anyone you want to receive money from. Depending on the sending wallet the transaction will appear instantly or it may take a few minutes. In this case it took about 15 seconds to show up, and a little notification popped up to let me know to check my Bitcoin Core wallet. The transaction will appear as pending until Bitcoin Miners confirm the transaction.
To confirm a transaction, miners have to find a new block which happens roughly every 10 minutes. Most wallets accept a transaction after block confirmations, so the funds are completely available after minutes. Some wallets will let you spend the bitcoins after only 1 confirmation, but it is best practice to wait for at least 3 blocks. You can track the progress in from the transactions tab.
If you use bitcoin regularly it can be difficult to keep track of your transaction history by seeing only public keys, so you may want to create a new bitcoin address for different purposes and label them. Go back to your receiving addresses and create a new address with a label. If someone is asking you to provide them with a "Testnet" address, then only provide it if you are to get the BTC for free. Testnet coins have no real world value, and are mainly only used by developers.
If you are still only new to the world of bitcoin and want to know more about how the payment system works, then i highly suggest that you sign up for our free email course called "Bitcoin Basics". It will teach you all the basics you should know about bitcoin before starting.