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Bitcoin is one of the hottest assets in the world right now, growing beyond all previous expectations and still gaining more momentum as the days go by.u00a0<br><br>Visit at: https://www.bitcoinsensus.com/bitcoin-exchanges/<br>
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How Do You Get Started in Bitcoin Trading as a Beginner Coming into the Bitcoin market as a total beginner can be overwhelming and complicated at first, especially with all the fake news and scams going around in the industry. But it becomes easier as time goes by and you begin to understand all the steps and processes involved in successfully navigating this industry. Bitcoin 101: What is Bitcoin? is the best Bitcoin Introduction for all beginners. Step One: Get A Bitcoin Wallet
As a beginner, the first thing you need to get is a Bitcoin wallet. With this wallet, you can store your Bitcoin and keep it safe for quick and easy access whenever you need it. You can read our beginner’s guide on How to Buy Bitcoin for a detailed explanation on how to go about buying Bitcoin. There are two popular types of wallets you can choose from; 1. Software Wallets: These are both mobile and desktop applications that offer you an online virtual crypto bank for storing your Bitcoin and accessing it online whenever you need it with no limits. These software wallets can also be connected to your traditional bank account making it easy for you to buy additional crypto funds online at any time by using a bank transfer. The only drawback is that you are handing your Bitcoin over to a third-party company like SwissBorg for safekeeping. And while the leading software wallets are trustworthy, it is important to remember that regulation in the Bitcoin industry is still at its infant stage and we have seen several popular third-party crypto companies collapse, get hacked, or vanish with investors’ money. So, when choosing a software wallet for your crypto needs, you must carry out adequate online research on the company. You can read our guide on regular exchanges like this here. 2. Hardware Wallets:
These types of wallets are old school but a lot more secure than the software wallet. With these Hardware wallets, you can store your private key on physical hardware offline. This puts you in charge of safekeeping your Bitcoin and protecting your Hardware wallets from danger. The leading hardware wallet maker I recommend as the best for your Bitcoin offline storage is Ledger.
Now that you already have an online/offline Bitcoin wallet to store your Bitcoin, it is time to go out and start buying Bitcoin into these wallets. The way to do this is by simply exchanging your fiat money for Bitcoin of the same value. This step is very easy as we have a lot of third-party companies and online crypto exchange market place available for you to make use of from anywhere in the world. These Bitcoin exchange sites make it very easy for you to actually Buy and sell Bitcoin online and they do this for a very small commission. Some online Bitcoin Exchanges also allow you to connect your bank account or a debit card. This way you can easily purchase or withdraw directly to your bank account by using a bank transfer. For a full list of my top Bitcoin exchange sites, you can read my review “Best Bitcoin Exchanges to Buy Bitcoin Online”. Website: https://www.bitcoinsensus.com/bitcoin-exchanges/
