How to Buy Bitcoin
Bitcoin can be bought through exchanges and stockbrokers, or from other owners. Consider the risks of investing in digital assets, regardless of where you get it.
Buying bitcoin or other cryptocurrencies can be a fun and easy way to invest your finances.
Investment in cryptocurrency should carry a warning label like cigarettes: “This product may be harmful to the health of your finances. Never buy more than you can afford to lose.”
The worth of the world’s first and most popular cryptocurrency (Bitcoin) has risen from $1,290+ in March 2017 and is now $39,270.90.
Bitcoin’s highest value is $63,729.5 in April 2021.
4 steps on how to buy bitcoin and altcoins
1. Decide on where to buy bitcoin . Cryptocurrency exchanges like Binance/Coinbase and some few traditional brokers eg Robinhood can get you started on investing in bitcoin.
2. Think on how to store your cryptocurrency. Which wallet are you going to keep your bitcoin. Hot wallet or cold wallet?
3. Make your purchase. Decide on how much you want to invest in bitcoin.
4. Manage your investment. Determine your long-term plan for this asset.
I hope this helps someone