How to Buy Bitcoin

in bitcoin •  7 years ago 

How to Buy Bitcoin from an Exchange (To buy from a friend, Skip to step 3)

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This was written for the fabulous women in the Goddess Crypto Mastermind on Facebook. (You can join here: https://www.facebook.com/groups/248498225681141/ )

  1. Sign up for an exchange such as Coinbase
    This URL gives you $10 off $100 order or more: https://www.coinbase.com/join/52c5165f043ef54117000073

  2. Buy Your Bitcoin
    Select Buy/Sell from the menu options, add your phone number, follow prompts to buy bitcoin (you will also have the choices of bitcoin cash and ethereum - you are free to purchase these at this time, or wait).

  3. Move (send) your bitcoin to an offline wallet.

3A. Pick a wallet
My wallets of choice for the phone phone (make sure to password protect your phone if you store bitcoin on it!)
Airbitz (soon to rebrand as "edge"), bitcoin only
Coinomi, multi- coin wallet, seems more stable than Jaxx
My wallet of choice for the computer
Electrum (you can do quadruple security - encrypt your wallet with a password, write down your seed (12 word phrase), back up your wallet on a jump drive, export your private keys to jump drive)

3B: Inside your offline wallet hit "receive" bitcoin, copy that address, go into coinbase, hit "send" bitcoin and paste that wallet address.

Image source: bitcoin.org

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