First Step
Before you buy cryptocurrencies, you must first buy bitcoin. You can buy whole bitcoins, or you can buy fractions of a
bitcoin.
How to Invest in Bitcoin? / How to buy Bitcoin?
One of the easiest way to buy Bitcoins is through online exchanges like:
- Coinbase
- Gemini
- Kraken
- Localbitcoins
Cryptoshib – “It is very important to keep all information about your exchange and codes private. Do not give your friends, kids and relatives access to such information as they might do something unintentional which may harm your account .
Make sure to keep different email addresses and password for crypto. Remember if someone hacks you, there is nothing you can do to get it back.”
Once you have bought your Bitcoins, the next step is to store them. So until you know where to want to store , do not move your Bitcoins from the exchange.
List of online exchanges where you can buy and sell Bitcoins and Altcoins – ONLINE EXCHANGE LIVE
Next – Storage of Bitcoins
As you progress with your skills in crypto , you need to keep your Bitcoins secured. That is where wallets come.
You want to store your crypto where you control your PRIVATE KEY.
Some examples of wallets :
- Blockchain.info
- Myetherwallet
- Jaxx
- Metamask
For Added layer of protection you can store your coin in a Hardware wallet like Trezor or Ledger Nano. In Hardware Wallets your Private Key is isolated from the Internet making it the safest option for storing your coins.
It is OK to give your PUBLIC KEY to other people or platforms to receive crypto currencies but never make the mistake of giving the PRIVATE KEY to anyone.
If you give away your PRIVATE KEY to someone they can access to your account.
Always remember to copy down your Private Keys and keep them in a safe place. Also some platforms will offer backup phrase, recovery link or backup seed. You need to keep these safe as well, in case you need to recover your account.