Bitcoin is the currency of the future, hell some believe the future is already here since more banks and retailers are already accepting Bitcoin as a form of payment. Even uncle same is taking their cut of your Bitcoin sales. That’s right! new laws enacted in Washington now demands that you pay taxes on any gains received from selling or trading Bitcoins. Currently the price of bitcoin is right around $10,000 – $11,500 per Bitcoin, down from $19,000 a month ago. This is why I think now is the best time to buy in. To buy Bitcoin or any other digital currency you need to have a wallet first.
There are several platforms you can buy bitcoin from. Coinbase, Bittrex, Binance, and the list goes on. I personally have only used Coinbase as it’s the only site that allows you to buy bitcoin directly with a credit card or cash (from bank account). It’s also very easy to signup for a free account.
When you Signup On Coinbase and spend at least $100, you will receive an additional $10 in free Bitcoin.
After you have created a free account, you will go through a short verification process. Once that is complete, you can go ahead and buy your first bitcoin and bitcoin wallet.
If you wish to jump in and buy other coins, digibyte, dogecoin, ADA, these are all cryptocurrencies that you can also purchase. But these coins are currently not available on Coinbase. That’s where a platform like Binance comes in. Like Coinbase, you can create a free account on Binance as well and once you go through a similar verification process, you can buy other coins as well. Although platforms like Binance only accept bitcoin and not US dollars. So first get you some bitcoins via Coinbase, then transfer over to Binance to purchase other smaller coins. Make sense? if you need help or have any questions just comment below.