If your looking to buy Bitcoin for the first time you’ve landed in the right place. Fortunately we are going to make this process as painless as possible. I would also like to use a quick quote, “If you want something you’ve never had, you must be willing to do something you’ve never done.” Nothing could be more true for all you first time Bitcoin buyers out there. We have broken down step by step on how to get this done in under a few minutes directly below.
In order to buy Bitcoin you will need to create a wallet. Our top recommendation that is currently available world wide is Coinbase. They have been in business for close to a decade, have over 30 million plus members, and have done billions in transactions. You will be able to not only buy Bitcoin, but have the opportunity to check out other crypto coins as well. Signing up takes less than 2 minutes, and after that all you need to do is connect your checking out or debit card.
- Coinbase Is Highly Reputable
- Trusted by Over 30 Million People
For those of you looking to buy Bitcoin for the first time your doing great! Once you have your account created you will need to fund it. This can be done instantly and will give you some cash to buy your first portion of Bitcoin. You will need to navigate to the Bitcoin option within Coinbase and click on it. After that you will see an option that says “trade”. Then you will want to tap “Buy BTC with Cash”. Type in how much in dollars you would like to buy. Congratulations my friend you have just bought your first bag of digital gold!
- Connect Checking Account
- Can Also Use a Debit Card
Now that you own some Bitcoin you will have some options on how you want to use it. For example you can currently buy things with it in some online marketplaces. You can also trade it in the short term to try and make money off of it. Finally you can just hold it for the long term and look at it as an investment. My advice would be to hold onto it for awhile. Some think that Bitcoin is going to go to the moon in price at some point. Over time most investments do have the tendency to grow.
- Trade Bitcoin for Money
- Invest In Bitcoin Long Term
Stay informed on all things crypto. Coinbase makes it easy to navigate news for each one of the coins on its platform. You will also be able to set price alerts for different coins as well. It comes down to educating yourself on whats possible in this space. Having personally been involved with crypto for the last 5 plus years its definitely been a wild ride. Just make sure to stay on top of whatever coins you might purchase within the app.
- Set Price Alerts
- Setup News Notifications
For anyone out there who was looking to buy Bitcoin for the first time I hope this helped you out. Doing anything new always takes some effort on your part. Right now Coinbase is by far the easiest place to get started. They have been around for nearly a decade, have over 30 million members, and also insure each user up to 250k. If you want to learn even more about them click here.