Install Bitcoin Core (Wallet) on Linux

This article explains how to install Bitcoin Core to use your VPS as a Bitcoin wallet. Please note that the VPS should only be used as a wallet, mining/generating Bitcoins or any other digital currency is not allowed on our network.

Our Budget VPS are the perfect price point for running your own external BTC wallet that is online 100% of the time. The $1.25/month Budget 128 VPS comes with 8GB of storage space. The current rate of growth for the BitCoin blockchain is 100GB per year. The current size of the blockchain is ~150GB, thus the BudgetVPS will need a little bit of extra storage space added as a price of $0.05 per GB/month. We recommend adding 150GB of extra storage space as shown below.

Configurable options screenshot

The commands below will download, extract and install the Bitcoin Core binaries. It's recommend that you use the most recent version of Bitcoin Core from bitcoin.org. This example used version 0.14.2.

# cd /usr/src

# wget https://bitcoin.org/bin/bitcoin-core-0.14.2/bitcoin-0.14.2-x86_64-linux-gnu.tar.gz

# tar zxvf bitcoin-*

# install -m 0755 -o root -g root -t /usr/local/bin bitcoin-*/bin/*

You should now be able to run all the tools included with Bitcoin Core: bitcoin-cli, bitcoind, bitcoin-qt, bitcoin-tx. Be sure take further steps to secure your server, we recommend that you install and configure CSF.
This has been tested on CentOS 6 and CentOS 7 but the procedure should work for most versions of linux. Open a support ticket if you run into any issues.

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