how to  buy and invest in bitcoin and make money

how to buy and invest in bitcoin and make money

Bitcoin is a cryptocurrency that was created in 2009. Bitcoin is the first ever decentralized digital currency and was introduced through a white paper released under the domain name “CryptoNote”. Bitcoin’s creator did not intend to create a monetary system, nor does he have any plans to use it as one. Rather, he designed Bitcoin as a technological experiment. He was able to take concepts from mathematics and computer science and apply them to money. In fact, the inventor of Bitcoin, Satoshi Nakamoto, is now considered a pseudonym, although his identity remains unknown. Over time, people began to adopt Bitcoin and mining entered mainstream culture. As of May 2017, there are more than 12 million bitcoins in circulation and the total market valuation of all bitcoins exceeds $100 billion dollars.

 

Step 1: Buy Bitcoins.

You can buy bitcoins from many online exchanges and local vendors. Popular exchanges include  Binance Coinbase, Kraken, Bitstamp, and LocalBitcoins. If you want to sell bitcoins you can use Paxful and IDT. If you need help getting started, join their Facebook groups:

Step 2: Set up the hardware wallet.

We recommend hardware wallets to store your coins. Keep in mind that these are not regulated by any government agency, and if you don’t do anything to add extra security measures, you’re still putting yourself at risk. These tools allow you to securely control your private keys without accessing your funds unless you’re actually connected to your wallet. Offers secure storage facilities and a plethora of customizable features. We recommend TREZOR!

My favorite features:

Offline Mode – Your Bitcoins will not be accessible until you are connected to Wi-Fi and thus connected to the Internet.

PIN Backup – You can backup your PIN to create a recovery seed later.

Two-Factor Authentication – A second layer of protection to block potential intruders.

Hardware Encryption – Through your PC device you encrypt your stored information including wallet seed phrases and PIN codes.

3. Go to Coinbase.

Coinbase is one of the best ways to buy cryptocurrency. 2. Buy Bitcoin.

If you are not familiar with cryptocurrencies and blockchain technology, this is a great way to get started.

4. Use local bitcoins.

Localbitcoins is an app to meet people who want to sell bitcoins and become someone’s local partner. If you are interested in buying altcoins offline then use this site. (Please use our link below.)

(Auction sites always make me nervous…)

5. Buy cryptocurrencies via credit card Cashgram.

Cashgram is similar to Western Union. You find a contact (person or business), send them money and they give you cash back.

You need a bank account for Cashgram to work. You create a free account on their platform to verify your identity and open a merchant account. After that you can start sending funds.

The biggest thing about this company is that only registered buyers can withdraw money.

6. Buy Bitcoin on Coinbase.
Coinbase is a digital currency exchange headquartered in San Francisco, California. It was founded by Brian Armstrong and Fred Ehrsham while they were students at Stanford University. While Coinbase offers many payment methods including credit cards, bank transfers and gift cards, its primary method of buying and selling cryptocurrency is via bank wire transfer. Using their platform, users can buy Bitcoin, Ether (Ethereum Network Token), Litecoin, Dogecoin, and Stellar/Stellar Lemons using a bank account. Users who want to avoid sending money abroad can use fiat currency instead. In June 2018, Coinbase acquired Earn.com, a company that helps people earn money online by completing small tasks. In October 2018, Coinbase announced that it had raised $300 million led by Bain Capital Ventures, Andreessen Horowitz, Rabbit Capital, and Storm Ventures.

7. Buy crypto using a credit card.
Credit card purchases are easy and convenient, however, they have higher fees than traditional banks. If possible you should avoid paying these fees and use alternatives like Wirex or Coin mama. Coinbase charges 4% + 30 cents per transaction. If you’re planning to make bulk purchases, consider buying bitcoins directly from a third-party seller. Popular choices include Local Bitcoins and Pawful. Both have low fees and fast transactions. Fees for local bitcoins are between 6% and 10%. Paxful’s fees range between 2% and 5%. However, both services require you to pay in cryptocurrencies.

8. Buy cryptocurrency from a bank account.
If you do not mind having your funds held by a third party,

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