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How to Buy, Use, and Spend Bitcoin - Mashable ExplainsStep 1: Get a wallet � Step 2: Get Bitcoin � Step 3: Spend Bitcoin � Step 4: Advanced Bitcoin use � Step 5: Explore more cryptocurrencies. Set up an account with a reputable cryptocurrency exchange. � Collect the documents needed to verify your identity for Know Your Customer (KYC) exchanges. � Get a. Inform yourself. Bitcoin is different than what you know and use every day. � Choose your wallet. Free bitcoin wallets are available for all major operating.