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MarkRoberts
Bronze Bitcoiner
Bronze Bitcoiner
Posts: 483
Joined: Wed Jan 13, 2021 10:19 am

How does one even buy Bitcoin?

Fri Feb 26, 2021 12:09 pm

An easy way is to sign up for an exchange.

In the United States and we have Coinbase Pro, Gemini, Kraken, Cash App, Swan Bitcoin and many other options.

Use Coinbase Pro, Gemini, Cash App.

All are easy to use - you deposit money into the account, use ACH Transfer, and you use that money to buy Bitcoin.

What you do after this is up to you. You can leave it on the exchange, but most people feel that this is against the entire ethos of cryptocurrency and will suggest that you take them off of the exchange and into your own wallet.

Take baby steps. Just buy and Hold On for Dear Life. Leaving crypto on an exchange makes it easy and tempting to trade it or sell it. Just hold.

It's never too late to get into. You have no idea how early you are.

You don't make money off of this, sort of. If you buy $1.00 worth of Bitcoin the value of that Bitcoin may go up or it may go down. The long-term trend has always been up. You don't make anything until you sell. But you won't magically be earning any sort of realistic income by just owning a Bitcoin. Again, I strongly urge you to not sell. I urge you to avoid scams. Many people believe Bitcoin's market cap can meet and exceed that of Gold.

[url]mycryptoparadise.com[/url]

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