Here’s a quick guide helps you get started.
Step 1: Create a Bitcoin Wallet
A Bitcoin wallet allows you to start buying Bitcoin right away. But before you open an account with the first website you find in a search result, there are some things you should know before embarking into the world of cryptocurrency.
There are many different types of wallets available for mobile, desktop, hardware, and the web. These wallets offer different features so it’s crucial you research your options to find the one that’s best for you. But once your mind is made up, setting up a wallet should only take a couple of minutes.
Step 2: Put Some Bitcoin in Your Wallet
With your wallet set up, it’s now time to buy some Bitcoin. There are many ways to do this just like there are many ways to create a wallet.
Different Ways to Obtain Bitcoin
- Accept Bitcoin as a payment for goods or services
- Receive Bitcoin from a friend or someone near you
- Buy Bitcoin directly from an exchange
The most secure way to buy Bitcoin is through an exchange but you need to make sure the site you’re buying from is secure. A popular Bitcoin Exchange is Coinbase
Step 3: Start Using Bitcoin
Most people who deal with Bitcoin do so because it’s an excellent digital payment option. But with so many merchants now accepting Bitcoin, it may seem “safe” to spend money with anyone who accepts it. There are no laws on how merchants accept Bitcoin and you should only buy from a store that’s using a trusted payment gateway.
Spend it Wisely
Bitcoin is still in its infancy stage and people are trying to figure out what to do with it. But if you’re as tech-savvy as you think you are, you probably already know how you’ll be spending it.