Bitcoin Buying Guide - Easy 3-Step Guide to Buying Your First Bitcoin – LIFESTYLE BY PS icon

Bitcoin Buying Guide - Easy 3-Step Guide to Buying Your First Bitcoin

Are you looking for a guide to buying bitcoins? Want to know where to start? People have many misconceptions about bitcoins - the very first widely known and accepted cryptocurrency in the world.

For example, many believe that only hackers and dubious people use it. But Bitcoin is distributed with everyone, from TigerDirect to Expedia through Dell and even Subway, which now accepts payments in bitcoins.

Why so popular?

Bitcoin has many advantages over other currencies. For example, you can send bitcoins to someone as payment without contacting the bank (and without receiving additional commissions). It is also much faster than transferring money by bank transfer . You can send bitcoins to someone, and they will receive coins in seconds.

With all this, it is not surprising that many people are now trying to buy bitcoin for the first time. However, it is not so simple as going to your bank and withdrawing bitcoins - or going to the store and looting hard-earned money for bitcoins.

The system works a little differently. This bitcoin buying guide will discuss some things you need to know before you buy so that you can buy safely.

First, although the price may exceed 2000 ounces per coin, you do not need to buy all of Bitcoin. In most places, you can buy coins in bitcoins for only $ 20. Thus, you can start small and continue by learning how everything works.

Secondly, this article is intended for general purposes only and is not intended for financial advice. Bitcoin can be risky, and before buying, you should consult with a financial advisor to find out if it suits you.

Here are 3 easy steps to buy bitcoins:

# 1 buy bitcoin wallet

The first thing to do before buying coins is to purchase a virtual wallet for storing coins. This wallet is a text string that people can use to send your bitcoins.

There are various types of wallets, including wallets that you download to your phone or computer, online wallets, and even stand-alone wallets to be stored in the refrigerator.

Most people prefer to have a wallet on their phone or computer. Popular portfolios include Blockchain, Armory, Bitgo MyCelium, and Xapo.

This is usually as simple as downloading the wallet to your phone as an application or downloading the software to your computer from the wallet's main website.

# 2 decides where to buy

There are different types of places to buy, and each one is slightly different. There are online merchants who sell bitcoins directly to you in cash (or by bank transfer or credit card).

There are exchanges where you can buy and sell bitcoins to others - like in the stock market. There are also local exchanges that can help you contact sellers in your area who want to sell.

There are also ATMs where you can buy money, and your coins will be delivered to your wallet in a matter of minutes.

Each Bitcoin seller has its pros and cons. For example, ATMs are great for privacy, but they make you 20% more than the current price, which is ridiculous. (At a BTC price of $ 2,000, this is $ 400! Thus, you pay $ 2,400 instead of $ 2,000).

No matter where you decide to buy, be sure to do your research and contact a reliable seller with a good reputation and solid customer service. First of all, new buyers will have questions, and they may need additional support to help them in the first transaction.

Take your time and explore the various places to buy before you decide. Factors to consider include the price of parts, additional fees, payment method, and customer service.

3 Buy Bitcoin and transfer it to your wallet

Having found a place to buy, prepare your money (that is, you can send a bank transfer or use Visa to fund your account). Pay attention to a good price. (Bitcoin prices always fluctuate 24 hours a day, 7 days# a week). Then place an order when you are finished folding.

As soon as your order is completed and you receive your coins, you will want to attach them to your wallet. Just enter your bitcoin address and ask the seller to send you bitcoins. You should see them in your grandchildren's wallet for a few minutes (depending on how quickly the seller decorated them).

Voila, just increase bitcoins. You can use it to decorate other services and serve better or on a rainy day.

The last thing to remember: Bitcoin is not yet in its infancy. This can be very risky. Never buy more bitcoins than you can exhaust. Want to learn more? Visit for more tips, articles and guides.

Bitcoin Buying Guide