Download and setup WordPress with its famous 5-minute install.
Download BuddyPress
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Head to your "Plugins → Add New" menu and automatically install BuddyPress.
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Activate the awesome bundled theme, or any other BuddyPress compatible WordPress theme.
Manual Download
The easiest way to get up and running with BuddyPress is via the automatic install. However, it's still possible to
manually download BuddyPress. Once you have BuddyPress downloaded, you will need to upload it to your /wp-content/plugins/ folder.
Subversion Access
If you're a developer and want to live on the bleeding edge, you can download the latest development build of BuddyPress. Using Subversion you can check out the latest copy of BuddyPress using the following:
svn co http://svn.buddypress.org/trunk/