WHAT IS CRYPTOCURRENCY?
Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
“decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation”
Most people trying to get into the cryptocurrency can’t seem to find a proper starter guide. This article will point you to an easy method of purchasing your first bitcoin, ethereum, or litecoin (cryptocurrencies). Yes there are more cryptocurrencies available other than the famous bitcoin. You can purchase an entire coin (cryptocurrency), or you can purchase a fraction of that coin.
Visit Coinbase to get started: https://www.coinbase.com/join/5942924607e57a009c07801d
(coinbase is one of a handful of exchanges. I choose coinbase based on ease of use and lower fees compared to other exchanges)
Using the link above once you buy or sell $100 of digital currency or more, you will get $10 of FREE bitcoin.
Sign up for an account (using your real name)
Verify your email address and open link sent by coinbase
Accept terms agreement
Now click on settings scroll to the bottom
Enter your correct personal information and confirm(secure)
You can select another country if you’re not in the USA
Now in settings click on the “Limits” tab
Follow the instructions and complete, this will give you increased limits on purchases through coinbase
In settings click on “Payment Methods” tab
Enter your bank information (Credit/Debit cards, Bank draft or all three methods)
With bank draft the purchase fees are less but it does take up to 5 days for funds to be deposited. Using a credit/debit card, purchases can be made instantly with higher fees. This is the method I personally use.
From there its pretty straight forward on how to make your purchases
Make sure you select the correct cryptocurrency and payment method
Once purchase is made your cryptocurrency will be available immediately (unless you used bank transfer 5 day wait) in your online wallet.
I hope this helped. This is a beginners guide. I suggest reading everything you can about cryptocurrency and enjoy the rocket to the moon.
If you find this information valuable, please follow, upvote, resteem and or consider buying me a beer. Thank you:
Bitcoin address: 17aHgws539njo8bxazZWTRSP6eV5kBmwYo
Litecoin address: Ldvhr3oK5LG2gjDkiMg645HkYYZuDHi97E
Ethereum address: 0xDF9Bd5e0B7C4602125D96d421b8500ce016E7669
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
