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A wallet manages a user's private keys. Wallet software is used to send and receive Bitcoin. It also keeps track of the user's transactions, addresses, and balance.
2
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What is the best way to purchase Bitcoins quickly?
Check out bitinstant.com
You can deposit cash and get btc sent to your email or btc address right after you pay.
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Bitcoin Wallet is downloaded I think. What next?
You will likely want to encrypt your wallet by going to Settings/Encrypt Wallet
You will want to make sure that your password is secure by using numbers and both lower and uppercase letters at the very … I'm not sure I understand what you mean about closing your wallet and making it disappear forever. It's generally okay to quit your wallet at anytime even if it is not completely thru syncing. …