Buying Bitcoin - Step One

Buying Bitcoin - The first step

The easiest method to learn about bitcoin, would be to begin and obtain several inside your "pocket" to get a sense of the way they work.

Regardless of the hype about how difficult and dangerous it may be, getting bitcoins is easier and safer than you may think. In a lot of ways, it is usually easier than opening an account at a traditional bank. And, given what has been happening within the banking system, it is usually safer too.

There are some things to learn: getting and taking advantage of an application wallet, finding out how to send and receive money, learning how to buy bitcoin from a person or an exchange.


Before getting started, you will have to obtain crypto podcast a wallet. This can be done easily enough by registering and among the exchanges that will host wallet for you. And, although I think you will want to have one or more exchange wallets eventually, you should start with one by yourself computer both to get a better sense of bitcoin and since the exchanges continue to be experimental themselves. When we get to that stage from the discussion, I will be advising that you will get in the practice of moving your hard earned money and coins from the exchanges or diversifying across exchanges to maintain your money safe.

What is a wallet?

It is a way to store your bitcoins. Specifically, it is software that has been made to store bitcoin. It can be operate on your desktop computer, laptop, mobile phone (except, up to now, Apple) and can be also designed to store bitcoins on such things as thumb drives. If you're worried about being hacked, then that is a wise decision. Even the Winklevoss* twins, who have millions invested in bitcoin, put their investment on hard disk drives that they then put in a security deposit box.

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