Topic: which step i should take before buy bitcoin? (Read 499 times)
You should know many things before buying a Bitcoin. You should get a trusted wallet before buying Bitcoin. You should also the various transactions you can and can not do with your Bitcoin. You should know who to sell and when to sell.
I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?
You should to know before buying bitcoin when you will sell it.
Know where you can buy, where you can store it, and its value. We have a BTC101 blog post that might help you: bit.ly/Bitcoin101Guide
But the key is to understand the market and the crypto world--staying informed is how you avoid making unnecessary mistakes.
Hope this helps
But the key is to understand the market and the crypto world--staying informed is how you avoid making unnecessary mistakes.
Hope this helps
Before buying bitcoin you must to know from where you can buy bitcoin with a preferable price and a minimal fee so you have to do a search before you buy bitcoin
Before buy bitcoin i think you have to learn lot of thing. Exchange, altcoin and many other things that i can't mention all here is basic knowledge to playing cryptocurrency. I advice you to buy altcoin instead of bitcoin because bitcoin value is too high and almost of all altcoin has a low value. If you want to research there are many altcoin that is best to buy and hold because great vision and professional team such as nano, icon, vechain etc.
have you heard about dollar cost averaging? it's a technique which you 1st invest a chunk of your money then invest the same amount when the value of the coin/BTC drops or increase in % of your target. this will help you to become comfortable with your investment and lessen the risk of loss. for example, you want to invest 100 USD on BTC. 1st invest 20 USD if the value increases/drop by 5% invest another 20 USD then another 20 USD for the next fluctuation. this trick is advisable for a beginner since they can not timing the market perfectly.
Here's a brief overview of what you need to look into before you make your foray into bitcoin;
1. Understand how exchanges work, find out which have the coins you are interested in trading then choose the one with the highest liquidity/lowest fee
2. Look into the difference between software and hardware wallets, if your budget allows get a hardware wallet, otherwise max sure you enable 2FA on your software wallet
3. Understand a little about how bitcoin fluctuates, this will allow you to buy when it's at its optimal price.
1. Understand how exchanges work, find out which have the coins you are interested in trading then choose the one with the highest liquidity/lowest fee
2. Look into the difference between software and hardware wallets, if your budget allows get a hardware wallet, otherwise max sure you enable 2FA on your software wallet
3. Understand a little about how bitcoin fluctuates, this will allow you to buy when it's at its optimal price.
Make sure that you understand how wallets work.
Buying bitcoin must be careful first to see the state of the market. The fluctuations that occur where prices often fall up make specific considerations and references. I think if you want to buy bitcoin in a cheap state and cultivate certainty that one day bitcoin the price will rise. That is all
I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?
Before buying bitcoin, I highly advice that the first thing you check out is the market. See first what is the value of bitcoin, because there are times when it's value is high which not really very ideal to spend your money on. So, the best thing to do is to wait for it's value to go low and then that's the time that you can buy.
I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?
Get acquainted and check how to settle income in the tax office in your country to avoid possible problems.
Get acquainted with exchanges, check how to convert BTC to FIAT.
Good luck.
I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?
Well, simple in order for you to succeed and survive bitcoin world you must consider your self that lose sometimes is normal, you need the so called Wait. Waiting patiently is the key for you to earned well while you are thinking now on how to get started on bitcoin.
Before you buy bitcoin, you should have learn and knowledge about bitcoin and how it works. Then find a wallet where you can store your bitcoins. You also need to accept that investing in bitcoin is very risky.
Honestly just read a lot, sniff out any information you can, don't believe rumors that you can't prove by yourself. One of my relatives invested heavily into a dead currency due to a friend's recommendation.. Just try to figure it out for yourself.
The only thing you need to know before investing in Bitcoin is that you are investing in highly volatile currency and you could lose your entire money as Bitcoin is in the initial phase of development no one is sure what is going to happen down the road so if you are not comfortable in such kind of situation then it is recommended not to invest in such cases. Do your own research before taking any investment decision and do not blindly trust others opinion. I am optimistic about Bitcoin but I wouldn't recommend you investing it without understanding what Bitcoin is all about and how it works.
I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?
You need to be 100% sure that source which you are buying from is legal and you need to be confident that after purchase you will get your btc. After that read some threads on forum about making wallet safe, cause without it you will be an easy target.
1 Register a wallet. The wallet will keep your Bitcoin safe. Types of wallets: https://themerkle.com/here-are-the-best-bitcoin-wallets-for-2018/
2 Choose an exchange. Firstly, google exchanges operating in your country and make a list of them. As I don't know where are you from, I can offer to look at global ones.
3 Register with a preferable exchange. It's better to open an account at
the exchange which supports your currency of use.
4 Deposit money to the exchange. It's better to try with a little amount
first to understand the whole procedure and not to be scared
risking much.
5 Buy Bitcoin. It can be bought in small fractions, like 0.1 or smaller, but you need to check it with the exchange.
6 Transfer Bitcoin to the wallet. Though most exchanges claim to be safe, they still can be hacked. So better store your Bitcoin in your wallet. [/li][/list]
2 Choose an exchange. Firstly, google exchanges operating in your country and make a list of them. As I don't know where are you from, I can offer to look at global ones.
3 Register with a preferable exchange. It's better to open an account at
the exchange which supports your currency of use.
4 Deposit money to the exchange. It's better to try with a little amount
first to understand the whole procedure and not to be scared
risking much.
5 Buy Bitcoin. It can be bought in small fractions, like 0.1 or smaller, but you need to check it with the exchange.
6 Transfer Bitcoin to the wallet. Though most exchanges claim to be safe, they still can be hacked. So better store your Bitcoin in your wallet. [/li][/list]
I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?
in this situation, I think you need to check the price before you buy and you need to decide where do you want to buy bitcoin because there are many websites or third party that could help you to buy bitcoin. and I think, you can buy bitcoin right now before the price increases again and maybe you can buy for small portion first to see if the price increases or decrease. and if the price decreases, then you can buy bitcoin again. be careful to decide if you want to buy 1 bitcoin directly because the price now is hard to predict.
If you want to know how to buy Bitcoin without a broker, the easiest way is to use a trading platform. There are many trading platforms out there with various features. It is important to choose the right and reliable exchange place. You can dig up as much information related to the trading company from the members, ask the experts, and find out via the internet.
When comparing exchanges, remember to look at the fees charged for buying Bitcoin and what payment methods to offer.
When comparing exchanges, remember to look at the fees charged for buying Bitcoin and what payment methods to offer.
Many peoples talking about price, but you need also learn about technology and security.
Your bitcoins may be stolen and you cant back it because transactions in this network cancelable
Your bitcoins may be stolen and you cant back it because transactions in this network cancelable
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