So, you’re interested in Bitcoin and you’ve done some research on it, you understand some aspects of it, you’re excited about its potential, but you don’t know how to buy it.
It’s easy when you know how, and in many instances it’s easier than buying stocks from a legacy broker, but there are a few things that you should be really careful about, and also what should you do with it after you buy it.
Bitcoin can be bought on cryptocurrency exchanges, or on peer-to-peer marketplaces where you can trade whatever the seller is willing to accept., and there are even Bitcoin ATMs where you can get bitcoins from.
Depending on where you live, you can pay for it the traditional ways like debit and credit cards, wire transfers, other cryptocurrencies, or in the case of the peer-to-peer marketplaces a bag of apples if the seller is wanting some golden delicious apples.
Not Your Keys Not Your Bitcoin
Before you buy some bitcoin, you should set up a wallet so you have somewhere to safely store it. There are many different types of wallet, but it’s highly recommended that you have your own, and not use an exchange wallet. There’s a saying in the Bitcoin space: Not your keys, not your Bitcoin. Read More...