NTSC camcorder / PAL tv

Greetings everyone,
I’m from Portugal, Europe (PAL). My uncle bought me an camcorder at USA. I don’t have it yet, but I know it records in NTSC format. How can I solve this incompatib? For what i understand are 2 possible situations:

  1. miniDV camcorder (NTSC) --> computer --> burn a DVD with the film
  2. Connect the camcorder directly to the tv.

A friend told me that there are some converters for the 2nd situation. My questions are: Do I need special softare for watching NTSC films at my computer? If I want to burn a DVD to watch at a PAL player, how can I convert the film to burn the DVD in PAL? Is there any software for this too?
In all solutions, will i lose video quality?
Thanks a lot, people