Intro How To Buy Bitcoin
It is amazing how many people still claim they do not know how to buy bitcoin! That is why I created this how to guide. I want to help the non tech savvy people take part in the greatest financial revolution in history! I Joey Trend Strongly believe one bitcoin will be worth one million dollars by the time I retire. For the record I am currently twenty-five years old. However, even that prediction some experts say is conservative.
Consider how much money governments around the world have been spending due to the covid-19 pandemic. That printing of money is going to make inflation rise. Do not fear though, bitcoin is the solution! Bitcoin was designed to be a non-deflationary asset. What that means is over time since bitcoin is a scarce asset the price will only rise. There only twenty-one million bitcoins that can ever exist.
Compared to trillions and billions of dollars and other foreign currencies. With governments that can keep printing more money indefinitely. If you are considering getting in the bitcoin game, now is the right time to jump in! Even though bitcoin has been around you would still be early to adopt!
This how to buy bitcoin guide is meant only for residents in the United States of America. That is the jurisdiction is which I live in. Therefore, I can only recommend exchanges that service Americans. However, the exchange I will ultimately recommend does provide services to other countries. Including Austria, Belgium, Bulgaria, Croatia, Cyprus, The Czech Republic, Denmark, Finland, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, The Netherlands, Norway, Poland, Portugal, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland.
Whenever someone asks me how to buy bitcoin for the first time, I tell them to signup for a Coinbase account. Coinbase in my opinion is the most trustworthy and highest-ranking authority when it comes to bitcoin exchanges in the United States. They for years have helped pave the way to brining bitcoin to the masses. When I got my first bitcoin back in 2012 it was from Coinbase. I have had a Coinbase account for over 8 years and counting. Over those years Coinbase has yet to screw me over in any way. In fact, using Coinbase has only made me richer.
Coinbase is an American company. When you choose them as your source of bitcoin you do not have to worry. Coinbase is fully compliant and has been around since 2012. To give you a reference to how new crypto currency is, bitcoin was created in 2009. Other exchanges like Binance were only introduced to the market in the United States in 2019. My point is that Coinbase has an 8-year track record in America. Where as Binance has only had a 1-year track record in America. However, Binance has been available in other markets before 2019. Just for the record Binance would be my second choice. I think that Binance is a legitimate trustworthy company.
When you sign up for Coinbase using my link, both you and I will receive $10 worth of bitcoin free. After you buy or sell $100 worth of crypto currency on their exchange. However, when you sign up for Coinbase not only will you get $10 for free, but you will also get the ability to earn more free crypto currency. With Coinbase Learn all you must do is watch videos about new crypto currencies and take a small quiz.
Whenever you finish the quizzes at the end of the videos you are awarded with considerable amounts of free crypto currency. I am talking $100-$400 worth of free crypto currency. Which you can then use to trade or sell! Yup when you sign up for Coinbase and join the learning program you will be loaded with bitcoin if you choose. That is entirely up to you to act!
Also, if other people ask you how to buy bitcoin you can refer them to Coinbase and earn! People who network often in technology niches have a huge opportunity to earn with Coinbase. Their referral program is both fair to you and the person you refer. It is truly a double win scenario.
This is how to buy bitcoin step by step. For those of you who are still wondering how to buy bitcoin. First signup for a Coinbase account. Then link your bank account to your Coinbase account. After that use, the Coinbase exchange to buy bitcoin at the current price at the time you purchase your bitcoin. Then either hold onto your bitcoin or trade it! After that check out the Coinbase Learn program and get $100-$400 worth of free crypto currency. Which you can either hold onto or trade into more bitcoin!
Now that you know how to buy bitcoin lets talk about the history of it. Bitcoin was created in 2009. The creator of bitcoin remains unknown. Many people say that is on purpose to create a truly borderless currency. With no known creator there is no country of origin. Bitcoin is the creation of the internet and collaboration many experts say. It is widely believed that bitcoin has multiple creators that collaborated as a team to develop it.
Moving on, bitcoin was designed to be a scarce digital asset. Only 21 million bitcoins will ever exist. However, each bitcoin can be divided into 100,000,000 bits. The idea is that as dollars get created bitcoin becomes scarcer. That is because dollars and other foreign currencies have no cap. Think about in 100 years how much more money will be in circulation. However, in 100 years from now there will still only be 21 million bitcoins.
Understand that knowing how to buy bitcoin and how to sell it makes you powerful. You can now make transactions with others via bitcoin and not via a bank! Doing business and paying with bitcoin over seas saves you wiring transfer fees. Bitcoin does have a low fee per transaction, but it is nothing compared to banking fees. For many business owner’s bitcoin is the best thing since sliced bread. They are not wrong.
Thanks for reading and learning how to buy bitcoin in the United States! Good luck to you! Happy holding and selling! For more awesome content please check out other articles on my blog.