Invest in bitcoin — step by step guide
These are the steps that you need to take to get started with investing in Bitcoin now:
1. Find an exchange where you can buy Bitcoins
We recommend that you research and find an exchange that you feel comfortable
2. Find a wallet where you can store you Bitcoins
Remember when it comes to Bitcoin and cryptocurrencies exchanges are not like a bank. You are in charge of keeping your Bitcoins safe. So make sure you are keeping them safe using a secure wallet.
If you want to buy some Bitcoin for an investment or other reasons then we will talk you through the steps. And provide some recommendations for how to invest in Bitcoin safely when you buy it, and safely later on when you store in on a cryptocurrency wallet.
The most common way to buy Bitcoin is through an exchange. An exchange is a trading platform where people meet to buy and sell for example cryptocurrencies like Bitcoin.
1 ) Using a cryptocurrency exchange to invest in Bitcoin:
Now if you feel comfortably and think that Bitcoin is a good investment then you need to find a suitable cryptocurrency exchange as step 1.
If you live in a country where you can register to an online exchange then we highly recommend you get started using that method. Here below we have collected our favourite exchanges where you can register and how to invest in Bitcoin using the best cryptocurrency exchanges.
The steps to use any of these exchanges are pretty much the same:
- Register an account with them
- Deposit money through a wire/bank transfer
- Buy Bitcoin using your deposited money
- Proceed to store your newly purchased Bitcoins at a safe wallet
· Coinbase
· OKEx
· LocalBitcoins
· Kucoin
· eToro
· Binance
2 ) Store you Bitcoins using a safe wallet
After looking into different ways of how to invest in Bitcoin using a cryptocurrency exchange, you should look into secure places to store your Bitcoins at. And with Bitcoins it’s up to you to manage your own private wallets. This is where you should store your coins. The safest and best place to store your Bitcoins are on a hardware wallet. Here below we have listed some of the most popular choices available on the market for storing Bitcoin.
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