Looking for the Bitcoin Buying Guide? Thinking where can you start? People have lots of misconceptions when it comes about bitcoin – the first widely known & accepted cryptocurrency across the world. Many people think for the example that just hackers or shady people use it. But, bitcoin is going mainstream with everybody accepting payments in their bitcoin wallet now.
Why is it so popular?
Bitcoin has many benefits compared to other currencies. For instance, it is simple to send bitcoins to somebody as the payment without going through your bank middleman (get hit with additional fees). It is quicker than sending money through the bank wire and transfer. You may send bitcoins to somebody & have them receiving coins within seconds. With this, there is no surprise that a lot of people are trying hard to buy the bitcoin for first time. But, it is not as simple as going to the bank & withdrawing bitcoins – and going to the store and getting some hard-earned money for bitcoin. This system works a little differently than this. The Bitcoin Buying Guide can go over certain things that you have to know before buying – thus you may buy securely and safely.
Firstly, while the cost will be more than $2000 per coin, you do not need to buy the whole bitcoin. Most of the places can allow you to buy different portions of the bitcoin for $20. Thus, you may start off small & start from there since you get a bit more comfortable in a way things work out.
Secondly, the article is for the general purposes and must not be taken as the financial advice. Using bitcoin will be risky & before you make any kind of purchase you must consult with the financial advisor and see if it is a right option for you.
So here given are simple steps of buying Bitcoins:
Get the Bitcoin Wallet
First thing you need to do before buying the coins is getting the virtual wallet for storing your coins. THe wallet is one string of text people may use to send bitcoins.
There are many different kinds of wallets like ones you install to your phone and computer, internet wallets & offline, or cold storage wallets.
Generally it’s as easy as downloading a wallet on your phone as the app and downloading software on your computer from wallet’s main website.