Hello,
I am new to bitcoin, I have managed to set up a wallet on blockchain and on coinbase.
I am also aware of bitaddress and how to upload my wallet to blockchain.
That said, can anyone explain to me the cheapest method of buying BTC?
Also, what is purpose of buying / saving BTC?
How do people go about trading BTC?
Should I be using an online BTC wallet when buying & storing BTC and what one is best if so?
If anyone could give me an inspiring newbies crash course as to why i should be buying BTC and uses / purposes of it along with strategy and practical educational info I would very much appreciate it.
Thanks,
Hero
You can choose many different ways to acquire some bitcoins, for example you can buy them directly from the people that have it, and living in the same city. A good site to conduct these sort of trades is localbitcoins.com
There is also a possibility to buy bitcoins through cryptocurrency exchange, but you need bank account for that, to have a chance to pay for bitcoins, unless you have money at paypal. If you have Paypal you are likely to have to submit verification.
Bitcoins ATMs are kind of expensive because they change the fee, the average is somewhere close to 7% so i dont recommend that.