I do not blog often but because Bitcoin and cryptocurrencies are starting to become more noticed by the mainstream investors and mainstream media as a valid and viable way to invest your money for short term and for the future, there are probably a lot of people out there who are wondering how to get started.
For that reason, I will be covering in this article how to get started buying Bitcoin and will continue with articles towards advanced short term and long term strategies and ICO’s as well as mining and investing sites.
For Today, I will start with simply where to buy and store bitcoins. In other articles, I will give more detail about buying at specific sites, if there is a demand for it or will just continue with what to do with your cryptocurrencies once you have them.
Please let me know what you are looking for and I will be glad to help you out in future posts.
There are 2 things that you need to obtain Bitcoin:
- A place to obtain your bitcoin.
- A wallet to store your bitcoin in
Popular ways to get bitcoin are:
- Have a friend or associate send them to you
- Exchange /Wallets
a. Coinbase
Most established wallet. You can buy BTC, Etherium and Litecoin from a bank account or credit card. There will be set up time needed for your identity and to set up your bank accounts. Bank accounts take 4 to 5 days to process, while credit cards are almost instant.
https://www.coinbase.com/join/5244f7b4401efcd289000016
Deposit $100 or more and you will be credited a $10 reward. Please use my link provided
b. Uphold
https://www.uphold.com
Transfers take 5 days after you set up your account
c. Local Bitcoins
Buy, sell and trade with people locally. You can use gif cads, PayPal, bank transfers and more. You can even meet, in person with the person you are buying your bitcoin from and do the transaction in person.
https://www.localbitcooins.com/?ch=ewti
- Exchanges
a. Coinmama
Exchange from Fiat to your wallet. Fast transactions but their rates might be high.
https://www.CoinMama.com/?ref=thevitalsource
b. Shapeshift
Exchange between different cryptocurrencies. From your wallet to your wallet. They do not provide a wallet
c. Paxful
Buy and sell with other people. I have not used this service and the prices look like they could be higher, but they claim fast transactions
https://paxful.com/roots/buy-bitcoin/index?affiliate=rDgQ4v9nYJo
- Hardware Wallets
a. Trezor
This is the wallet that I use. It supports Bitcoin, Bitcoin Cash, Litecoin, Cash. Dash, Zcash, Etherium classic and Etherium (as well as ERC Tokens through Myetherwallet.com)
https://shop.trezor.io?a=btc@thevitalsource.com
b. Ledger
This is the next most popular hardware wallet and worth looking at the options available. Supports many different coins and works through a USB port on your computer
https://www.ledgerwallet.com/r/f1aa?path=/products/ledger-nano-s&tracker=MY_TRACKER
There are other wallets and sources to buy your bitcoin at, but these are the most popular and most reliable. I will add more in the future
I hope that this gives you a good start.
If you have any questions, please post them below.
If there are any subjects about Bitcoin and other cryptocurrencies that You would like me to discuss next, leave a note below also.
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