Investing in Bitcoin is actually way more simple than many people think, it is actually one of the easiest investments you can make. Another great thing is that you can start investing no matter what budget you are on. This post will show you how to get started in the most secure and easy way.
It basically works in 2 easy steps:
Step 1 (Or 2small steps)
First, you buy yourself some Bitcoin (and/or other Cryptocurrency) at an exchange, anyone will do the job but if you want to go with the most well-known, trusted and easy to use option I would recommend Coinbase
==> Get a FREE account here (Step 1)
Worth to mention:
You only need to sign up to the above exchange to get started and use the most common cryptos such as Bitcoin, Ethereum, Litecoin, etc. However, it might be a good idea to invest in some “upcoming altcoins) also.
Another exchange worth signing up to (due to their wider selection of coins) is the well-known and trusted Binance exchange. It is the one I personally use the most, even if I purchase from Coinbase, I usually end up transferring much of it to Binance to invest in some of the altcoins I strongly believe will “explode” in a near future.
So, while you are at it, if you want a more “useful” platform where you can purchace Bitcoin and other Cryptos directly with your credit card aswell, then it might be a good idea for you to sign up for Binance also:
==> Get yourself a FREE account here (Step 1.1)
Step 2
Ok, now you got yourself some crypto and even though you can store your investment on the exchange (Coinbase and/or Binance) you need to know that it is never a good idea to do so… At least if the amount is more than you would be prepared to lose.
So, what you need to do now is secure your investment, and the absolute best way to do that is to move your Bitcoin offline. Into a so-called cold storage wallet. A physical wallet in other words.
The most common one is the Ledger Nano S wallet and it is also the same one I use myself, you can get it on different places but I would recommend that you only buy it from the Ledger Nano s website to avoid any “copies”
==>Get yours now! (Step 2)
Step 3
That´s it! There is no step 3!
You are no safe from ANY hacker attack online and also the exchange isn´t in control of your assets.
You are in control.
It isn´t harder than that to get yourself some Cryptos to sit on (in a safe way) and wait for it to grow.
/Michael
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