How to get started in Bitcoin and invest in other cryptocurrencies

in bitcoin •  7 years ago 

Want to know how to get into Bitcoin? All of these websites i'm a member of or have tried them out
Here is how you invest in Bitcoin. First you find an exchange to convert Fiat money into Bitcoin or other cryptocurrencies. I use Coinbase My referral link here ==> https://www.coinbase.com/join/592ec713f38abaf7361313b0
Next after you sign up on Coinbase you have to provide who you are photo ID and follow their directions to get signed up before you send them ANY money. I have my debit card linked to them for deposits and bank account linked for withdrawals. They are federally insured by FDIC for all the US dollars of yours they have up to the standard amount. Also Coinbase has fees about 4% if you deposit coin or withdraw coin. You can also try gdax.com as a cheaper alternative to coinbase. its the same company and accounts can be linked but is less beginning user friendly and more advanced level friendly. Also if you purchase bitcoin or altcurrencies and you want to send them to a new site, make sure you send it to the same currency wallet or you could lose those funds. Also be aware that most cryptocurrencies have a sending fee of .0001 which for bitcoin is about 20 bucks. If you are moving currencies from website to website it is advised to use litecoin or ethereum.
After that you buy your bitcoin you have options you can store it on Coinbase (not recommended) or store it in a wallet. https://bitcoin.org/en/choose-your-wallet . Make sure it is a bitcoin wallet any funds you send there will be lost if you send it to the wrong wallet. DO your research on which wallet fits your needs the best. ALSO decide what you want to do with your bitcoin before you send it. Bitcoin has fees every time you send it somewhere. If you dont want to store your bitcoin on a wallet and want to trade it there are numerous exchanges where you can buy altcoins (alternative coins to bitcoin). My primary exchange is Bittrex.com they have A LOT of alt coins one of my favorites is Zencash. However Bittrex has a high number of people signed up for them and may not be taking any other people. Binance is another exchange its a little more complicated then bittrex doesnt have as many coins but is adding more coins all the time. Referral link ===> https://www.binance.com/?ref=10997883 Its an asian exchange not sure where it is based at. Yet another alternative is KuCoin less coins yet but you have a chance to win a porche 9/11 when u join. Referral link ===> https://www.kucoin.com/#/?r=7Ha7v2 . Any altcurrencies you buy it is advised that you watch the currency for a while or look at its chart to make sure you arent buying it at its high point instead at its lowest.
Some less safe options for investing are the loaning your bitcoin out for making daily interest which i was making money at now using Bitconnect. Until they shut down and gave "reimbursed" with bitconnect coins at the value they had been which quickly plummeted and a 1400 dollar investment turned into 87 dollars so. Davor is newer and current daily interest is better. Davor supposedly has a trading bot and can gain you money. However Bitconnect was accused of being a ponzi scheme so use at your own risk. refefral links ===> https://davor.io/Account/Registration?r=C750B6

Some helpful tips ALWAYS research any thing you invest your money in after all its your money. NEVER invest money your not willing to lose. cryptocurrencies are EXTREMELY volatile and you could lose lots of money. Day trading can be fun and a bit like gambling when you go up a 1000 or more dollars a day. If you have gambling addiction where you find you are using money you should of bought food with but instead bought crypto gambling hotline is ===> National Problem Gambling Helpline Network (1-800-522-4700) If you have any questions feel free to message me. If i missed something or you want to add something let me know.
Also if you have any thing to add below feel free.
Thanks Zerxcrypto slang.jpg

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