Buying bitcoin is easy as 1,2,3 nowadays. Especially when you are in a cryptocurrency community for quite some time now.
This article is a guide for beginner who wants to start buying bitcoin.
How to buy bitcoin?
Buying bitcoin can broken down into three steps.
1. Get a bitcoin wallet
This is the first step in buying bitcoin. Getting a wallet, a program for receiving, sending and storing bitcoins. Bitcoin wallets can be divided into two:
Soft wallet
are apps or program that runs in a computer or mobile phone
Good for storing small/fragments of bitcoin
Free to use but less safer
Hardwallet
are physical devices that will be connected to computers to receive and send bitcoins in a much safer storage.
Good for storing large amount of bitcoins
It cost money but much safer to use
2. Find your bitcoin address
Now you have your wallet. The second step is finding your bitcoin address. Bitcoin address is a series of numbers and letters which usually starts with the number "3" or "1". This is what you give out when someone will send you a bitcoin.
3. Buying Bitcoins
You have your wallet and know your bitcoin address, the last step is to buy your bitcoin. Experts in bitcoin recommend to buy bitcoins in Online Exchange. There are two types of online exchange:
Broker
Sells you bitcoins directly thru a fast and easy transaction process
It has higher fees
It is extremely suitable for beginners
Trading platform
Connects buyers and sellers anonymously
It has lower fees
Suitable for advanced users
Trading platforms lets you store your purchased bitcoin in them, but it is highly recommended to transfer your bitcoin to your wallet if its not in use. It would be safer and you will have the full control on it.
Hope this helps for those who are planning to buy bitcoins.
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God Bless everyone!
nice Brother...