How to buy Bitcoin / Cryptocurrency
Please contact me directly if you have questions.
This is only a quick, general guide. This is not financial advice....
There are a lot of legit cryptos out there, but be careful of scams...
Cryptocurrency Exchanges
Think of the
cryptocurrency market just like the stock market.
Different blockchain systems & companies for the most part have their own TOKEN or COINS.
A TOKEN is like a STOCK & has its own "stock symbol", like
Bitcoin ($BTC),
VeChain ($VET),
Ethereum ($ETH), etc.
To get started, you will need to purchase these TOKENS on a CENTRALIZED crypto exchange, mostly similar to online stock exchanges.
Just like a stock exchange, you will need to either link your bank account or a credit card to purchase any cryptos.
Currently, at least in the US, credit card companies do not allow crypto purchases, so bank account it is.
On MOST exchanges you will also need to go through an
ID verification process to prove you are who you say you are.
This verification is needed before you can deposit funds or trade.
Usually this entails entering your SSN (in the USA), uploading a utility bill & your ID.
VERIFICATION IS GOOD, IT KEEPS EVERYTHING SECURE
>>> A secure & trusted exchange to get started at is
COINBASE.
Signup with my referral, we will both get $10 when you buy your first $100:
https://www.coinbase.com/join/fronse_b
It is common for people to buy $BTC / $ETH at Coinbase, then send these funds to other exchanges to buy different Crypto.
>>>
BINANCE is another tried & true exchange. They also have a "fiat-onramp" where you can buy directly, just like Coinbase.
If you are a USA resident, use
Binance US, signup here:
https://www.binance.us/?ref=35107018 & recieve $15 when you complete all the Account Verification.
If you are outside of USA, use original
Binance:
https://www.binance.com/en/register .
At the moment there is no signup bonus here, BUT if you can get others to signup via YOUR referral link, you get a % commission on every one of their trades!
Once you are a pro with centralized exchanges. The next step if you are serious about blockchain & cryptocurrency is to look into all the different blockchains
out there. It started with Bitcoin. Ethereum was next with its revolutionary "smart contracts" chain. With Ethereum, any individual or business can release there
own token / coin. So Etherum has its own "crypto stock market".
MANY other blockchain companies have emerged, trying to improve on what Ethereum did. Each different chain has their own tokens/coins & DEXs... Solana, Vechain, Cardano, the list goes on & on... Go find your favorites or hit us up for some suggestions.
If you want to be in full control of your cryptocurrency, wallets & avoid the centralized exchanges above you create a wallet on Ethereum and start looking into
Decentralized Exchanges (DEX). The most popular being
Uniswap. I will be posting another article about the
benefits of DEX trading. It is basically how cryptocurrency was meant to be handled, P2P without a centrallized middle man. But you have to be extremely careful as
there is no central entity that can bail you out if you make a mistake. Opsec is critical. OK more on this soon...