WHAT IS BITCOIN,
How to buy Bitcoin for the First Time
Bitcoin is a decentralized, peer-to-peer cryptocurrency system designed to allow online users to process transactions through digital units of exchange called bitcoins (BTC).
Started in 2009 by a mysterious entity named Satoshi Nakamoto, the Bitcoin network has come to dominate and even define the cryptocurrency space, spawning a legion of altcoin followers and representing for many users an alternative to government flat currencies like the U.S. dollar or the euro or pure commodity currencies like gold or silver coins.
Insiderkk does not give investment advice, however we cannot ignore the growth in demand and investment associated with digital currencies.
Three quick steps to buying Bitcoin
Welcome to the world of Bitcoin. By now, you have probably heard about the world’s largest cryptocurrency on the news or through a friend. Supporters talk about it becoming the global currency of the future. So, you might be saying to yourself: I want to be a part of this financial revolution. How do you buy Bitcoin?
STEP 1: Find a crypto exchange or trading platform that offers Bitcoin
There are a number of exchanges that will let you trade your funds for Bitcoin. One of them is the eToro trading platform another is Coinmama we partner with but there are plenty more..
STEP 2: Sign up
If you’d like to buy Bitcoin through eToro or Coinmama, all you need to do is sign up, verify your account and make a deposit. From there, you’ll be able to buy and sell Bitcoin easily.
STEP 3: Buy Bitcoin
Bitcoin can be purchased fractionally, so you don’t need to buy a full Bitcoin to own some. For example, if Bitcoin’s price is $10,000, you can purchase 0.1 Bitcoin for $1,000.