•5 years
How to start investing in bitcoin?
Hello. I have a question. I just got interested in the subject of cryptocurrencies and would like to invest some of my wallet in bitcoin. How to start investing in cryptocurrencies? Could you recommend a place where I can easily and, most importantly, safely buy my bitcoin and then sell it without any problems? I would like to add that I am interested in purchasing with a debit card. Is there such a possibility at all?
Another question is the storage wallet. I would like to ensure maximum security of my bitcoin, but I am curious if it is worth buying a ledger or trezor hardware wallet as a beginner? Perhaps they are intended only for more advanced cryptocurrency users? What do you think, is it better to buy or rely on wallets that I can install in a smartphone? Thank you very much for any advice and suggestions. Regards, Dawid.
Hello. I have a question. I just got interested in the subject of cryptocurrencies and would like to invest some of my wallet in bitcoin. How to start investing in cryptocurrencies? Could you recommend a place where I can easily and, most importantly, safely buy my bitcoin and then sell it without any problems? I would like to add that I am interested in purchasing with a debit card. Is there such a possibility at all?
Another question is the storage wallet. I would like to ensure maximum security of my bitcoin, but I am curious if it is worth buying a ledger or trezor hardware wallet as a beginner? Perhaps they are intended only for more advanced cryptocurrency users? What do you think, is it better to buy or rely on wallets that I can install in a smartphone? Thank you very much for any advice and suggestions. Regards, Dawid.
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If you want to buy Bitcoin, you will find tons of places to do so. You can choose from exchanges from many countries, exchange offices (both online and stationary), you can even buy BTC from another user if you find a willing person. The choice of the method of purchase depends, among others on whether you care about anonymity, maximum security, the lowest possible price, etc. Most users use exchanges because they have high liquidity and you can execute your order for Bitcoin at any time. However, you have to select the big ones and send them only the necessary documents for verification. You can also look for an exchange that does not require verification, but there are fewer and fewer of them. When evaluating exchanges, it is worth considering several factors: - low transaction fees, - wide offer, - availability of crypto-fiat pairs (e.g. BTC-PLN), and not only crypto-crypto, - transparent interface, - no need to verify your account by the KYC procedure, if you care. I don't know an exchange that meets all these requirements, so it's worth focusing on what you consider most important. The largest of the exchanges is currently Binance: it has a very high liquidity and transaction volume, a wide selection of cryptocurrencies in many pairs (including stablecoins), the possibility of using staking, launchpads and many other opportunities for additional earning. Until recently, KYC verification was not required on it, but unfortunately that changed in 2021. If this is important to you, you can set the Polish language on it, but as far as I know, you will not make a transfer in PLN. This option is available on the Polish Zonda exchange (formerly BitBay), but it also has a lot of disadvantages, e.g. high transaction fees, mandatory KYC and a small amount of cryptocurrencies to choose from compared to Binance. If you care about anonymity, it's worth taking a look at the Kucoin exchange, which does not require KYC (because it does not support fiat currencies, so the only option is to deposit and withdraw in crypto), and also boasts a large amount of available cryptocurrencies. For starters, I recommend trying one or two larger exchanges, because the smaller the stock exchange, the greater the risk of losing money, for example as a result of a hacker attack or the sudden "disappearance" of its owners. Large exchanges usually return stolen coins from their own funds to owners. At the beginning, I would not be influenced by the availability of leverage or complicated financial instruments. It is safest to start investing with simple transactions and crypto education. Bitcoin and Ethereum are considered the most secure cryptocurrencies, but still their price fluctuates greatly. Altcoins, on the other hand, can drop to almost zero, so I advise you to watch out for them. It is very difficult for a beginner to distinguish between a good cryptocurrency project and a scam. When it comes to wallets, Ledger is the best for me. I can take it anywhere, it provides a high level of security, I had no problems with it. The price hurts a bit, but there are reductions sometimes, it's worth following. With more crypto, it pays off anyway. Trezor has good reviews too, but costs a little more. The difference is not that big, however. One thing is very important - it is better to buy directly from the manufacturer. It is never certain whether a private person placing an advertisement has installed spyware on a device. It would be a shame to lose your cryptocurrencies through such an oversight. You can also choose a "paper" wallet, ie without being connected to the network. It is simply a printed key, consisting of many characters, which, when making a transaction, must be entered in the appropriate field on the stock exchange or another platform. The sheet itself can be damaged, lost or become illegible, so you need to take care of your backups and hide it well. Only one type of cryptocurrency can be stored in such wallets. Whatever you choose, remember about security and further education in the subject of cryptocurrencies :)
If you want to buy Bitcoin, you will find tons of places to do so. You can choose from exchanges from many countries, exchange offices (both online and stationary), you can even buy BTC from another user if you find a willing person. The choice of the method of purchase depends, among others on whether you care about anonymity, maximum security, the lowest possible price, etc. Most users use exchanges because they have high liquidity and you can execute your order for Bitcoin at any time. However, you have to select the big ones and send them only the necessary documents for verification. You can also look for an exchange that does not require verification, but there are fewer and fewer of them. When evaluating exchanges, it is worth considering several factors: - low transaction fees, - wide offer, - availability of crypto-fiat pairs (e.g. BTC-PLN), and not only crypto-crypto, - transparent interface, - no need to verify your account by the KYC procedure, if you care. I don't know an exchange that meets all these requirements, so it's worth focusing on what you consider most important. The largest of the exchanges is currently Binance: it has a very high liquidity and transaction volume, a wide selection of cryptocurrencies in many pairs (including stablecoins), the possibility of using staking, launchpads and many other opportunities for additional earning. Until recently, KYC verification was not required on it, but unfortunately that changed in 2021. If this is important to you, you can set the Polish language on it, but as far as I know, you will not make a transfer in PLN. This option is available on the Polish Zonda exchange (formerly BitBay), but it also has a lot of disadvantages, e.g. high transaction fees, mandatory KYC and a small amount of cryptocurrencies to choose from compared to Binance. If you care about anonymity, it's worth taking a look at the Kucoin exchange, which does not require KYC (because it does not support fiat currencies, so the only option is to deposit and withdraw in crypto), and also boasts a large amount of available cryptocurrencies. For starters, I recommend trying one or two larger exchanges, because the smaller the stock exchange, the greater the risk of losing money, for example as a result of a hacker attack or the sudden "disappearance" of its owners. Large exchanges usually return stolen coins from their own funds to owners. At the beginning, I would not be influenced by the availability of leverage or complicated financial instruments. It is safest to start investing with simple transactions and crypto education. Bitcoin and Ethereum are considered the most secure cryptocurrencies, but still their price fluctuates greatly. Altcoins, on the other hand, can drop to almost zero, so I advise you to watch out for them. It is very difficult for a beginner to distinguish between a good cryptocurrency project and a scam. When it comes to wallets, Ledger is the best for me. I can take it anywhere, it provides a high level of security, I had no problems with it. The price hurts a bit, but there are reductions sometimes, it's worth following. With more crypto, it pays off anyway. Trezor has good reviews too, but costs a little more. The difference is not that big, however. One thing is very important - it is better to buy directly from the manufacturer. It is never certain whether a private person placing an advertisement has installed spyware on a device. It would be a shame to lose your cryptocurrencies through such an oversight. You can also choose a "paper" wallet, ie without being connected to the network. It is simply a printed key, consisting of many characters, which, when making a transaction, must be entered in the appropriate field on the stock exchange or another platform. The sheet itself can be damaged, lost or become illegible, so you need to take care of your backups and hide it well. Only one type of cryptocurrency can be stored in such wallets. Whatever you choose, remember about security and further education in the subject of cryptocurrencies :)
Machine translated
To start investing in Bitcoin, it is best to start by creating an account on a cryptocurrency exchange. In Poland, popular exchanges where you can buy Bitcoin using a debit card include BitBay, Coinbe, and BitMarket. After registering on the chosen exchange, you need to verify your account according to their procedures, and then you can make a purchase of Bitcoin. As for a wallet to store Bitcoin, for a beginner investor, I recommend installing a wallet on a smartphone or using an online wallet available on the exchange. If you are concerned about security, you may also consider purchasing a hardware wallet such as Ledger Nano S or Trezor. Although they are more advanced, they provide the highest level of security. It is also important to remember to store private keys in a secure place and regularly back up your wallet. Ultimately, the decision about choosing a wallet is up to you and depends on your preferences and level of expertise in cryptocurrencies. Good luck and successful investments!
To start investing in Bitcoin, it is best to start by creating an account on a cryptocurrency exchange. In Poland, popular exchanges where you can buy Bitcoin using a debit card include BitBay, Coinbe, and BitMarket. After registering on the chosen exchange, you need to verify your account according to their procedures, and then you can make a purchase of Bitcoin. As for a wallet to store Bitcoin, for a beginner investor, I recommend installing a wallet on a smartphone or using an online wallet available on the exchange. If you are concerned about security, you may also consider purchasing a hardware wallet such as Ledger Nano S or Trezor. Although they are more advanced, they provide the highest level of security. It is also important to remember to store private keys in a secure place and regularly back up your wallet. Ultimately, the decision about choosing a wallet is up to you and depends on your preferences and level of expertise in cryptocurrencies. Good luck and successful investments!
Machine translated