The first step to crypto and the main question I'm asked is "How can I buy bitcoin and how much should I buy?".
The amount is up to you, I try to not give straight up financial advice, in general the more the better, never buy more than you can afford to lose or go without. Crypto is a highly fluctuating currency. As for the buying part, it's easy.
There are many platforms to buy from, the main one being Coinbase, it's been around forever and is a trust source.
Below is my referral link to get you started.
1. Download the app to your phone or use the website from your PC.
2. Make an account (I highly suggest adding 2 Factor Authentication and a passcode for more security, you will be adding sensitive information due to payments and tax purposes)
3. Add payment sources and go through the verification steps. The more verification steps you finish, the higher deposit and withdraw limits you will have. When purchasing it's suggested to use a debit card since it's an instant purchase. Using a bank account can take up to 2 weeks sometimes to receive your funds.
Side note: One thing I'm asked about a lot is "Why do I only have 0.0000xxx amount of bitcoin, LTC, ETH" When buying crypto everything is viewed in what's called "Satoshi's"
Lets say you purchased LTC from Coinbase, 1 LTC at current BTC price will show 0.0200000, so technically you have 0.02 BTC
4. To buy, simply click Buy at the bottom, select the coin that you wish to purchase, for this example we'll use LTC. Select the payment source, type in the USD amount that you wish to purchase, then click buy, it's that easy.
5. Now that you have your coins, you can either hold them on Coinbase for as long as you want and sell them at anytime. Most people are more interested in trading for Alt coins, if that's more your style head on over to How to send coins to exchange
The amount is up to you, I try to not give straight up financial advice, in general the more the better, never buy more than you can afford to lose or go without. Crypto is a highly fluctuating currency. As for the buying part, it's easy.
There are many platforms to buy from, the main one being Coinbase, it's been around forever and is a trust source.
Below is my referral link to get you started.
1. Download the app to your phone or use the website from your PC.
2. Make an account (I highly suggest adding 2 Factor Authentication and a passcode for more security, you will be adding sensitive information due to payments and tax purposes)
3. Add payment sources and go through the verification steps. The more verification steps you finish, the higher deposit and withdraw limits you will have. When purchasing it's suggested to use a debit card since it's an instant purchase. Using a bank account can take up to 2 weeks sometimes to receive your funds.
Side note: One thing I'm asked about a lot is "Why do I only have 0.0000xxx amount of bitcoin, LTC, ETH" When buying crypto everything is viewed in what's called "Satoshi's"
Lets say you purchased LTC from Coinbase, 1 LTC at current BTC price will show 0.0200000, so technically you have 0.02 BTC
4. To buy, simply click Buy at the bottom, select the coin that you wish to purchase, for this example we'll use LTC. Select the payment source, type in the USD amount that you wish to purchase, then click buy, it's that easy.
5. Now that you have your coins, you can either hold them on Coinbase for as long as you want and sell them at anytime. Most people are more interested in trading for Alt coins, if that's more your style head on over to How to send coins to exchange
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