How to Buy Bitcoin — Beginner

A simple guide for beginners

The best way to understand bitcoin and other cryptocurrencies is simply to buy some of them and try it out. In this guide, I’ve included instructions on how to purchase bitcoin. I always recommend everyone buy $10 worth as an interesting learning experience. Whether to invest, what you invest in, and when you invest is up to you. This guide is not investment advice. If you want to read up on bitcoin before buying, check out this Bitcoin Source.

  1. A place to buy it called an exchange.
  2. A place to store it called a wallet.

Step 1 — How to Get a Wallet?

The wallet I recommend for complete beginners is called Coinbase. You can download it as an android or iOS app on your phone. You can get started by clicking this link.

Coinbase

Step 2: How to sign up for a Coinbase account?

Remember the first time you registered for a bank account? It may have seemed easy at that time, but in back, the process was pretty intensive. You had to show up at a physical bank near you. You also had to show up during banking hours during the middle of your work day. You had to present government issued photo ID or passport to the bank and if the manager wasn’t there, you had to come back another day. Getting set up to purchase crypto currency is not all that different, it’s just done online. Remember that when you get frustrated at any point in the process.

Coinbase Signup Page

Step 3: How to connect to a Money Source?

In order to buy crypto currency, you need a way to pay for it. You will need to add a payment method to your Coinbase account the same way you would add your debit card to your amazon account. Enter in either a debit or credit card. Note that there will be a much lower threshold for purchases on a credit card for risk reasons.

Step 4: How to buy the crypto currency?

Yes, we did it!

Hurray! You are now the happy owner of a cryptocurrency. Have fun with your investing mind! I wish you become a wealthy one.

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Parth Patel

Parth Patel

Author | Full Stack Developer at Community Agency