I know the crypto currency is in hype now. You might have read other blogs, read it in news or heard about it from friends. It’s crazy how fast the value of crypto currencies like Bitcoin & Ethereum are going up and up with no sign of slowing down.
Here’s link to understand them more.
Bitcoin https://bitcoin.org/en/
Ethereum : https://www.ethereum.org/
or Steemit itself : https://steemit.com [Has various rewards/token values]
As everyone It might take sometime understanding that they are and how they works. Once you have some clue, it will make more sense why the value of these crypto currencies are going up and up as they will be making great roadmap in the future. One thing is for sure that as more people understand these technologies , more it value will rise. So, it always be great to coin to crypto world sooner than later. You might think but the values are already so high ~$2500USD/1 Bitcoin & ~250USD/1ETH. You might think it has already reaches it highest level and no room for growth. but don’t make any mistakes, it just starting to rise again and the value of this currencies will be going much higher every hour/day/month & year.
While that’s short intro about and always you can read more blog/news to understand them. But today my point will be more focused on How to actually get into the crypto world.
The first step to get into will be to sign up with coinbase. As per website it states itself as “Coinbase is the world’s most popular way to buy and sell bitcoin, ethereum, and litecoin.” That’s true but I guess the whole process of buying crypto currency could be much easier and hassell free and there’s still room for that progress to make. But for now, we will be following a guide and how to use coinbase and get some cryto currencies.
Here’s the step by step guide.
Sign up for Coinbase Wallet.
Yes, creating account is free on Coinbase & additionally you will get $10 worth of bitcoin if you sign up with following link https://www.coinbase.com/join/59251cfbb2b3870f450e969c
- Provide basic information
- Submit ID for verification . It might take some day for them to verify you ID. You can submit your Driver’s license or other form of ID for verification.
- Add payment method : you can connect your bank account or Debit/Credit card.
- Purchase bitcoin/litecoin/Ethereum. As you can see in the screenshot, coinbase has friendly interface to buy crypto currency. You can select Bitcoin, Ethereum or Litecoin. I suggest buying Ethereum as it’s value is going up rapidly than others.
- Hold it and watch the value grow.
There you go ! Congrats. You have joined they crypto currency world. I will be covering, how to exchange your crypto currency with other on different exchange sites in my next blog.
Thanks,
Crypto Blog/abhirockon.