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In todays Video I will show you how to Buy Bitcoin from scratch. This is a Step-By-Step guide in which I myself but $10 worth of Bitcoin and show you how to do so using Coinbase. You can also use different Cryptocurrency exchanges Like Kraken, Gemini, Binance, and Binance.us.
Want to know the best place to buy Bitcoin? I’ll start it off with my four favorite exchanges that I invest with, Coinbase, Gemini, Kraken, and Binance – I have all accounts- you really can’t go wrong with any of them and the signup process is almost identical with each. These exchanges offer ease and safety. Always be sure to be safe when investing.
These exchanges also may have you KYC (Know Your Customer) and AML (Anti Money Laundering) laws when you sign up. This is where these companies will ask you for your personal credentials like your social security number, phone number, your address, and other information, just like any other legitimate brokerage you would use.
You should also make your accounts secure by downloading an app called Authy from the app store. This will help secure your bitcoin and give you access to 2 factor authentication.
Once you’ve opened and secured your account, you have to fund it. You can fund your account with Credit Card, Debit Card, and even your Paypal or Bank Accounts.
Now you are ready to Buy Bitcoin. Once you fund your account, you can invest either once, daily, weekly, etc, if you want to average into it over time.
Select how much you want to purchase, and then the Bitcoin will take a few sections to settle into your wallet account. You can send send your Bitcoin to a cold wallet, or a hot wallet. The hot wallet is keeping your Bitcoin online, the benefit is that you can buy or sell almost anytime and have liquidity. The downside is you’re taking on a risk and trusting that the exchange or the website you keep your coins on is secure enough to not lose your money.
These are the easiest ways to buy Bitcoin today, but they are not the only way. You can also buy Bitcoin now using your credit card, Paypal, and many other options.
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Please always check with a professional before making any decisions with your money. These videos are for educational purposes only and I am not responsible for your actions in any way. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Joe Parys is not providing you with individual investment advice. Joe Parys is not registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. Joe Parys is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
Affiliate Disclaimer: These descriptions usually contain affiliate links. If you decide to purchase a product through one of them, I receive a small commission at no cost to you. I never endorse products that I have not personally used myself or not found to be beneficial in my life.
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