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 a 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.
Follow
me for clear insights, real guidance, and a learning journey
That
actually makes sense.
Let’s grow smarter—together.
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