Hello if your getting started with bitcoin here are 5 things to know. With the price going up and getting new people on board in the crypto game.
1 WHAT IS BITCOIN?
Now there is a long way and there is a short way of explaining this so I`m just gonna get to the main point . Bitcoin is a way to send value anywhere around the planet instantly for minimal fees. Its uncensored cant be taken off!!!
- HOW TO GET A BITCOIN WALLET
There are a lot of wallets for your phone and computer and it`s important to know that your Bitcoin wallet gives you access to the bitcoin network. Think of it like your web browser. There are a lot of different web browsers that let you into the internet Chrome , safari all of them let you do the same thing just like many other wallets out there that do the same thing. I recommend using copay or blockchain.info
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3 HOW DO YOU BUY BITCOIN?
Just like the last point there are variety of ways to buy bitcoin. But since all the exchange sites like coinbase is being looked into by the IRS. Your best bet is a Bitcoin ATM. Find ATM withing your area!! use this site https://coinatmradar.com/
fees in atm will be included good for anonymity!!!
4 HOW TO SPEND BITCOIN
There are a lot more options to spend bitcoin than when it first started. this first one is https://overstock.com/ Dell , Expedia but i suggest you just store them .
5.HOW TO SAVE AND SECURE BITCOIN
Paper wallets and storage for your bitcoin with with qr code. Ledger wallets plugged into your computers basically a usb flash drive that stores your money.
I suggest to never keep your money on an exchange website. They are susceptible to hacking. Alwys safer to store it yourself and do your research!!
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Awesome article! Just change up tip #2 because you have 2 #1 lol
Thanks for that article, I am sure many people new to the Bitcoin world will appreciate it.
For those interested in how to set up their bitcoin or cryptocurrency portfolio, please read my article about Cryptocurrency Diversification