![]() Bitcoin Money will explain Bitcoin to you like you’re a child… because it’s literally a children’s book.There are a variety of books covering all aspects of Bitcoin, from understanding the blockchain to valuing cryptocurrencies as a new asset class. There’s nothing like a good Bitcoin book to snuggle up with before bed. There are valuable resources out there that will provide a foundation of knowledge for you to build upon before purchasing Bitcoin. Learning more about Bitcoin, its history, and its future will give you more confidence when it comes time for your first Bitcoin purchase. How can you bust through Bitcoin myths with ease? Education, of course. In order to better understand why these ideas are nothing more than folklore, you have to understand Bitcoin itself. Governments will eventually shut down BitcoinĪll of these myths are so pervasive in popular culture that you may have heard someone say one of these exact sentences at your last cocktail party or heard it on television just the other day.The price of Bitcoin fluctuates is too volatile to ever be used.Bitcoin is inefficient and unsustainable.Bitcoin is only used for illegal activities.You have to bust through the most prominent Bitcoin myths in order to see the truth of the world’s largest and most influential cryptocurrency. ![]() Perhaps, you’ve heard someone unfamiliar with Bitcoin ask these kinds of questions: Isn’t Bitcoin just a tool for criminals? Why should I learn how to buy Bitcoin if it’s just a scam?ĭon’t let these myths perpetuated by fake news and pop culture get in your way. You don’t have to be a Bitcoin expert, but you do need to better understand how Bitcoin works before you move forward with preparing to purchase the cryptocurrency. You should wait to buy Bitcoin before you can answer these questions with some level of mastery. You can compile a list of your own questions, or, use the questions below as a jumping-off point: ![]() Whatever the case may be, before you can ask “How do you buy Bitcoin?” you can begin by asking what areas you would like to learn more about before diving headfirst into the Bitcoin waters. Maybe you already have some knowledge on the subject that you learned from a friend, or maybe you are coming into Bitcoin with a clean slate and fresh eyes. Think about all of the things you don’t yet understand about Bitcoin, or how to trade cryptocurrency in general. Store Bitcoin – Make sure your Bitcoin is secure and accessible for future use.Buy Bitcoin – Make your initial Bitcoin purchase somewhere you trust.Learn about Bitcoin – You wouldn’t purchase a stock before understanding how the stock market works, would you?.In fact, you can learn how to purchase Bitcoin with confidence and ease as long as you follow these steps: But buying Bitcoin doesn’t have to be difficult. It can be intimidating to get into cryptocurrency, especially for the first time. Learning more about Bitcoin, its history, and its future will give you more confidence. Let’s dive into everything you need to know to purchase Bitcoin. Here we’ll discuss topics like educating yourself before buying, dispelling myths about cryptocurrency, and understanding just how ownership works with Bitcoin. Our simple interface makes buying and selling Bitcoin easy and quick. Our social feed is a great way to ask questions and learn about how other traders are approaching the crypto market as a whole. This simulates trades and uses real market data. We provide a virtual portfolio function, where you can play around in the market with a $100k demo account. We take zero commissions and charge zero hidden fees. For example, if Bitcoin’s price is $10,000, you can purchase 0.1 Bitcoin for $1,000. From there, you’ll be able to buy and sell Bitcoin easily.īitcoin can be purchased fractionally, so you don’t need to buy a full Bitcoin to own some. If you’d like to buy Bitcoin through eToro, all you need to do is sign up, verify your account and make a deposit. One of them is the eToro trading platform. There are a number of exchanges that will let you trade your funds for Bitcoin. ![]() How do you buy Bitcoin? Three quick steps to buying Bitcoin STEP 1: Find a crypto exchange or trading platform that offers Bitcoin So, you might be saying to yourself: I want to be a part of this financial revolution. Supporters talk about it becoming the global currency of the future. By now, you have probably heard about the world’s largest cryptocurrency on the news or through a friend. Welcome to the wonderful world of Bitcoin. Trading bitcoin on eToro is safe and reliable for beginners as well as experienced crypto traders. Excited about learning how to buy BTC for the first time? It’s certainly an exciting time to get started! Read on to best learn how to buy Bitcoin and all it has to offer. ![]()
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