How to start with bitcoin?
Hello. Could someone advise me on how to start my adventure with cryptocurrencies and bitcoin? Where to set up an account to buy the first bitcoin? Is now a good time to start investing? Which wallet to choose. Thank you for all your advice and best regards. Agata
Hello. Could someone advise me on how to start my adventure with cryptocurrencies and bitcoin? Where to set up an account to buy the first bitcoin? Is now a good time to start investing? Which wallet to choose. Thank you for all your advice and best regards. Agata
17 users upvote it!
10 answers

For my part, I can recommend a Trezor or Leger hardware wallet. The safest option to store cryptocurrencies.
If you are just starting out, I recommend using the Coinbase or Binance exchange. They offer a lot of currency pairs and have a simple and clear interface so you should be able to handle it :) Regards
For my part, I can recommend a Trezor or Leger hardware wallet. The safest option to store cryptocurrencies.
If you are just starting out, I recommend using the Coinbase or Binance exchange. They offer a lot of currency pairs and have a simple and clear interface so you should be able to handle it :) Regards
Machine translated
5 likes

It's best to start with a solid education, and then set up an account on one of the cryptocurrency exchanges. When it comes to Polish projects, I recommend BitBay, and if foreign, then only Binance.
It's best to start with a solid education, and then set up an account on one of the cryptocurrency exchanges. When it comes to Polish projects, I recommend BitBay, and if foreign, then only Binance.
Machine translated
5 likes

Start by reading guides on various portals. Then learn the basics of stock market trading. The next step is to choose a good and, above all, safe exchange. Deposit and trade :) Well, unless you just want to trade. If you want to farm, I recommend using a hardware wallet, e.g. ledger or trezor
Start by reading guides on various portals. Then learn the basics of stock market trading. The next step is to choose a good and, above all, safe exchange. Deposit and trade :) Well, unless you just want to trade. If you want to farm, I recommend using a hardware wallet, e.g. ledger or trezor
Machine translated
5 likes

Start by watching videos, reading guides, etc. etc. Then open an account on any exchange where demo play is possible. Do that for half a year and see if you're on the plus side. If you decide that you have enough knowledge, open an account on a real exchange and start investing real money. Remember not to invest more than you can lose and not to fall into the so-called FOMO (fear of missing something).
Start by watching videos, reading guides, etc. etc. Then open an account on any exchange where demo play is possible. Do that for half a year and see if you're on the plus side. If you decide that you have enough knowledge, open an account on a real exchange and start investing real money. Remember not to invest more than you can lose and not to fall into the so-called FOMO (fear of missing something).
Machine translated
2 likes

Step One - Learn more about Bitcoin
It is not possible or necessary to understand every little detail about bitcoin.
Below I will give you such basics about bitcoin
- The number of bitcoins is limited to 21 million.
- Bitcoin has never been hacked, and as its popularity grows, it becomes more secure
- Bitcoin does not require an intermediary such as a bank to verify that the payment is valid. This is done using the blockchain technology on which cryptocurrencies are based. This reduces transaction time and costs.
- Bitcoin is software, which means it is constantly being developed and improved. Expect it to become faster and cheaper.
- Unlike other things like gold or other collectibles, Bitcoin is easily traded around the world.
- While the price of Bitcoin has fluctuated greatly over the last ten years, its daily use is steadily increasing.
- If you don't plan to hold Bitcoin for a long time, it is risky due to its volatile nature.
- Bitcoin is a better store of value than fiat currency due to its volatility and high transaction costs. Both of these issues are addressed with continuous software updates, and as Bitcoin's market cap increases, its volatility will decrease.
Step two - buy Bitcoin
There are many ways to buy Bitcoin. If you are just starting out, I recommend using a platform like Coinbase or Luno. Both are very easy to use, offer very good security and you can buy BTC by card or transfer.
Step One - Learn more about Bitcoin
It is not possible or necessary to understand every little detail about bitcoin.
Below I will give you such basics about bitcoin
- The number of bitcoins is limited to 21 million.
- Bitcoin has never been hacked, and as its popularity grows, it becomes more secure
- Bitcoin does not require an intermediary such as a bank to verify that the payment is valid. This is done using the blockchain technology on which cryptocurrencies are based. This reduces transaction time and costs.
- Bitcoin is software, which means it is constantly being developed and improved. Expect it to become faster and cheaper.
- Unlike other things like gold or other collectibles, Bitcoin is easily traded around the world.
- While the price of Bitcoin has fluctuated greatly over the last ten years, its daily use is steadily increasing.
- If you don't plan to hold Bitcoin for a long time, it is risky due to its volatile nature.
- Bitcoin is a better store of value than fiat currency due to its volatility and high transaction costs. Both of these issues are addressed with continuous software updates, and as Bitcoin's market cap increases, its volatility will decrease.
Step two - buy Bitcoin
There are many ways to buy Bitcoin. If you are just starting out, I recommend using a platform like Coinbase or Luno. Both are very easy to use, offer very good security and you can buy BTC by card or transfer.
Machine translated
1 like

You set up an account on the exchange, buy bitcoin and trade. I assume you have some basic knowledge of investing... If not, the first step is to get informed and educated, because without it you will lose your money sooner than you know it.
You set up an account on the exchange, buy bitcoin and trade. I assume you have some basic knowledge of investing... If not, the first step is to get informed and educated, because without it you will lose your money sooner than you know it.
Machine translated
1 like

Machine translated
Machine translated

Machine translated