How to Buy a bitcoin Safe and easy ; step by step

 

Bitcoin is global digital currency, everyone investing in Bitcoin, World top richest man like

Elon Musk, Warren Buffet also buy and hold, Now the worth is billion dollars.

In this article I will guide you how to buy Bitcoin safely and easy step by step.

Step 1: You will learn which one is the best and authentic platform for buying bitcoin and why?

Step 2: You will learn how to create account, verify, deposit and buy. And also what are the things essential for step 2 approved.

Step 3: We will compare Top 3 Exchange Platforms if you are beginner, then which is best for you,

which one take less commission and which one is super safe for long term.

Step 4: Storing Bitcoin safely: In this step I will guide you what is the difference between Hot vs. cold wallet and why is it matters or essential for you. In last I will give you my recommendations.

Step last: For beginners security tips that will always warn you before putting wrong step.

Step 1:

In worldwide the number one option that everyone using is Coinbase. Why?

It is because of its U.S regulated exchange known for its strong security, never hacked before,

known to be very safe and easy to use and also simple for beginners. Coinbase operating 172+ countries worldwide.

Rules of coinbase are very strict which helps you to safe your account.

For example: before you buy/sell bitcoin it will ask you for your verification which will keep you safe from scams or fraud.

If the coinbase is not available in your country then the other 2 platforms like Binance and Kraken also the best and worldwide popular platforms.

Binance operating in 180+ countries and Kraken operating in 190+ countries.

My Recommended OPTION: If you are a beginner then coinbase is the best option for you.

Step 2 : Create and Verify Account

(1) Sign up and Create Account :

Go to the platform enter your email, choose a secure password .

Note that : your password must be strong.

For example: ahqpATZQ 87%#?: etc. After putting email and password then apply for verification code then confirm it.

2) Verify your Identity: After sign up and creating account, most platforms like coinbase require ID verification like passport, Driving license or ID card.

In most cases they maybe ask you for a selfie. Don’t worry, your information will be safe because of it’s end to end encrypt platforms.

3) set-up a payment method: After completing your verification next step is add a payment method. You can add Bank account or credit/debit card. If you add Bank account it will take low fees but transaction will be done not in minutes but in few days.

But on the other hand if you add credit or debit card, the transaction will be done in few min but it will charges to you 4% commission for each transaction.

That’s why my recommended option is to add Bank account. I think you don’t have lot of money to give to someone for free.

4) Buy and sell trade section:

Go to Buy/Sell or trade section. Choose Bitcoin (BTC) enter your payment then Bitcoin will show in your wallet. This option is available in Coinbase, After buying Bitcoin, Bitcoin will show into your Coinbase wallet.

Let me clear to you if you really make money from Bitcoin or anyone platforms , you have to start with big.For example: You can start from 100$ to 1000$, it will be worth-full for you but if you start with 5$ or 10$ it's meaningless.

After buying you can withdraw your Bitcoin to a personal wallet for self keeping.

(Comparison):

Coinbase : Make 0 to 0.39% , Take 0.05 to 0.58% very beginner friendly , simple educational guide simple button for buying and sell, Email/chat 24/7 but in some region it offers phone call or phone support. Strong security U.S -regulated audited.

Binance:- Make 0.10%, take 0.10% and sometime it offers low by BNB token.

Available in 100+ countries but not in U.S if you are a U.S citizen then Coinbase is best option for you.

Having rich features, complex not beginner friendly useful for professional, 24/7 customer support. Powerful security, offers Two factor authentication.

Kraken: Make 0 to 0.25%, take 0.10 to 0.40%, ISO certified never hacked,

medium nor easy nor hard but some options may confuse very beginners.

24/7 live chat and Email support.

If you are absolute beginner then coinbase is best, binance offers law fees but it is very complex,

Kraken having high security and low cost trading.

choose one which is best for you and available in your country.

Storing Bitcoin safely:-

It is the most important point for you, suppose that you buy bitcoin on an exchange like coinbase,

binance or kraken etc, move it quickly as soon as possible to cold wallet.

Because when your bitcoin is in the exchange, there's more chances to be hacked.

Easy understanding for you,

There are two type of wallets one is hot wallet and second one is cold wallet.

But the question is what is the difference between hot wallet and cold wallet.

Hot wallets:

Hot wallets are coinbase, Meta musk and exodus.as we know they are connected to the internet.

It is good for small accounts, quick access or continuously trading.

But the disadvantage is this that hot wallets are not good for large accounts.

For example if your phone or computer get virus then they may be hacked.

Best tips for to save in hot wallets:

Always use 2 factor authentication(2FA), use strong passwords like (aserZXvW$%? Etc),

Never open suspicious links or download any pics or files.

Cold wallets:-

Cold wallets are Nano, Trezor which are USB devices or paper wallets. You can buy these devices from Amazon or tech shops. The cost starts from (50$ to 200$). But the question is this; why cold wallets are better option

Reasons:

Because it is offline and hacker can't access this. When you send your bitcoin into cold wallets like Trezor or Nano it will give you recovery seed phrase starting from(12 or 24 secret words) but remember don't screenshot those words. Write on a paper and save that on a secret file.

It is a recovery code for you so never share it with anyone and keep it safe.

Beginner safety tips:

Beware of scams, always use 2FA and use strong passwords.

Understand volatility like only invest that money if you lose you can afford that loss.

don't expect quick response.

Graph will rise and fall because it's the pattern of Market so never feel upset or sad.

Track your investment, use trusty tools to check bitcoin's price.

Most of the exchanges offers price alerts.

Consistency will make you pro.

I hope my knowledge will help you to buy bitcoin safely.💡 If you're hungry to grow, curious to explore, or just trying to figure things out step by step… you're in the right place.
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