Hey, my name is Adventago, and today I’m going to show you how you can purchase your very first Bitcoin, I know I’m new to this, and it’s a bit of a different post from what I normally do.
But I thought I’ll show you, because I joined the whole Bitcoin community just a few weeks ago, (LOL I know I’m a baby!) by a great guy called Paul Democritou, and he said that the Bitcoin community is rather small compared to other niches, but has a lot of growth potential.
Unfortunately, I wish I had been interested in Bitcoin earlier because now it’s at the price of $54,906.50 (Of the time of making this blog) but hey, that’s how investing goes.
Today I’m going to be purchasing Bitcoin, and I’m going to be showing you the process of how easy and stupid simple it is to purchase your very first Bitcoin, so I have my trusty Windows computer, and let’s go ahead and get started!
All right, so there’s pretty much only 1 website that I trust and that’s Coinbase, I’ve heard a massive amount of endorsem*nt and positive feedback from Coinbase, so I definitely recommend you go with them.
Coinbase has been around for 8 years and it’s been working out pretty good for 35 Million customers worldwide. (Damm that’s a lot of happy faces).
They have a step 2 verification, and a lot, of other security features, so nobody can steal your Bitcoins.
Let’s go ahead and open up Coinbase.
All you pretty much have to do is sign up and that’s it.
All right, so once you create an account and log in this is going to be your homepage, and here you have your Bitcoin price, the price that it went up by since last month, and the percentage.
The Bitcoin price right now is £$54,906.50. Damm! that’s a huge price, back in 2015 it was $333.75. (I wish I was born earlier and invested in Bitcoin, I could have made some awesome profits), but hey, that’s just how life goes.
This pretty much shows you the recent activity of your portfolio, of course, I have a 0 balance since I haven’t purchased anything, and all you do is go to the tab which says, “buy and sell”, and here is where you purchase Bitcoin.
Cool right? It’s pretty simple, this part is the easiest step in this process.
Let’s say I want to buy $1,000, this it’s going to cost me $38.37, that’s the fee they are going to charge me, and I’m going to get 0.01808632 worth of Bitcoin, so let’s go ahead and purchase $1,000 worth of Bitcoin.
First, you have to choose your bank account, and then it’s going to tell you when it’s available.
Since I’m using a bank account it usually takes 2 hours for it to be processed and show in my account, however, you can add your debit or credit card and it’ll be instant.
A little side note: If you use your credit, or debit card, the fees are a tiny bit higher.
If I was to go ahead and buy that much bitcoin, I would be buying a Lamborghini in no time!! 🤣🤣🤣
Also, you can sell through here, so you can specify how much Bitcoin you have in your wallet, and from here you can sell.
After this whole process of buying your very first Bitcoin, you can go to your account and see your Bitcoin wallet, also, you can send Bitcoins to different wallets.
For example, if you wanted to send money to Bittrex, so, you can trade with different coins, all you have to do is set up an account.
But what is Bittrex?
Bittrex is a platform where you can purchase cryptocurrencies with other cryptocurrencies.
As you can see there are a bunch of different cryptocurrencies that you can invest in, usually, you want to purchase the least popular ones because they’re at a lower value.
And hopefully, they blow up and go straight to the moon! And you’re able to make a lot of money.
So, what you have to do is go back to Coinbase and request them to send your Cryptocurrency to Bittrex.
(Don’t worry Bittrex will give you a wallet address to send your cryptocurrency to).
After your cryptocurrency has successfully been sent to Bittrex you can start investing.
Or you can start mining, which is a little more complicated, and it’s a lot more time and energy-consuming, considering the game for mining has gotten a lot harder.
Sorry, the days of using your little pc to mine Bitcoin are far gone, now you must use things like these.
Personally, I prefer investing, but remember, to invest wisely and only invest what you’re willing to lose, and of course the bigger the risk the bigger the reward.
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I’m going to be on lockdown when it comes to Bitcoin investing, and together we are going to get smarter and smarter when it comes to Bitcoin trading.
Who knows, maybe in the future both of us are going to be buying our Lamborghini’s using Bitcoin, only time will tell. 🏎🏎🏎
I hope you enjoyed this, make sure to follow me on your favorite social media for more content.
Thank you for reading, and I will see you in another blog post. 🙂
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