Saturday 14 August 2021

How to Buy Bitcoin - Step One


To learn more about bitcoin, you should get some in your pocket to get an idea of how they work.

Although it is often portrayed as dangerous and difficult, the process of getting bitcoins can be much simpler and safer than you think. It is likely to be easier than opening a bank account. It is also safer, considering what's been happening in the banking industry.

There are several things you should know: how to get and use a software wallet, how to send and retrieve money, and how to buy Bitcoin from an exchange or person.

Preparation

You will first need a wallet before you can get started. Registering with an exchange that will host your wallet is a simple way to do this. Although you will eventually want one or more exchange wallets, I recommend that you start with one on your computer to get a better understanding of bitcoin. The exchanges are still in their early stages. Once we reach that point, I will recommend that you start moving your coins and money off exchanges or diversifying across them to protect your money.

How to Buy Bitcoin - Step One

To learn more about bitcoin, you should get some in your pocket to get an idea of how they work. Although it is often portrayed as dangerous...