If you are sick of working 9-5, you are not alone. It’s time to swap your day job for a career that gives you much more freedom. Investing in Bitcoin offers a whole host of benefits to investors. Not only can you potentially earn a significant return on investment, but you can also earn money remotely, giving you the freedom to make money – while achieving a healthier work-life balance. This article will discuss four steps all beginners need to follow to start their Bitcoin journey. We will discuss how to buy BTC with debit card – and much more.
Register An Account
Every Bitcoin investor will require a cryptocurrency exchange account. This is necessary for beginners as it is the central hub for users who buy, sell, and trade cryptocurrency. To open an account, there are some standard requirements you will need to follow. Most platforms need your personal information, such as your date of birth, address, mobile number, and email address. You will also need your social security number – and proof of your address. You can find a list of the best crypto trading platforms online to help you get started.
Learn How To Buy BTC
Most beginners buy Bitcoin through a crypto exchange. As previously discussed, you can do this once you have created your account. Some investors choose to purchase Bitcoin through tech companies like PayPal. The benefit of doing this is PayPal monitors transactions around the clock, which gives you more security, minimising your risk of fraud. If you are looking for a quick and easy way to purchase Bitcoin, you can buy BTC with debit card. Paxful shows you how to securely buy BTC with credit card in just five simple steps. The good news for beginners is that it is straightforward too.
Open A Crypto Wallet
Once you choose to invest in crypto, you must ensure that you can keep your assets secure. Opening a crypto wallet is essential. A crypto wallet will give you private keys. These are unique passwords that provide you with access to your digital currency. You can use your wallet to send and receive Bitcoin. As a beginner, you may struggle to find the right crypto wallet as there are many options. Typically, “cold wallets” are the most popular. These are hardware devices that look similar to a USB stick. The great thing about these crypto wallets is that you do not need to connect them to the internet, minimising your risk.
Diversify Your Portfolio
Now you’ve decided to invest in Bitcoin, you must try and diversify your portfolio. Rather than solely investing in cryptocurrencies, try investing in other areas like stocks and bonds. Doing this will help you protect yourself in the instance of investment losses. After all, Bitcoin is a highly volatile market, so you must approach it with caution. Avoid investing more than you can afford. There are plenty of tips for diversifying your portfolio online. Conduct as much research as possible.
