Bitcoin is the thing now-a-day, everybody is talking about it, and everybody is investing in it. It skyrocketing success has made everybody curious about it, so much so that everybody wants to invest in bitcoin. But the question is, is it still safe in 2019? Well, nothing is unsafe unless you know the right way to do it. Explaining you the steps of buying bitcoin.
The steps you could take:
- Step 1: Find a good wallet: No, not your regular leather wallet, choose a good and reliable bitcoin wallet or digital wallets that will help you store your bitcoin, you can keep them with you until you want to spend them or exchange them. You should also keep this in mind that, wallets differ based on features, security and also make sure that you know which platforms the wallets work on. So keep these points in mind before choosing
- Step 2: Choosing the trader: If you go by popular recommendations, you should buy your bitcoin by an exchange. There are a lot of exchanges that differ on the terms of performance. But then there is a risk of security. While some are safe enough, some are not worth putting your trust. So you need to choose the right bitcoin exchange.
- Step 3: Choose your method of payment: Exchanges are quite flexible about their payments method. But this also works as a drawback, as these companies use certain payments methods as a scam. So be careful while you choose a trading exchange company.
- Step 4: Store your bitcoin: After you have bought the bitcoins, keep them stored in your wallet, as discussed in the first step. In this way, you can keep your bitcoin stored and use them as per your convenience. You can also further exchange your bitcoins for currency. Here are the four steps you will require for buying bitcoin. Keep these in mind and also be sure to be safe.