Congratulations! You’ve made the decision to join the Bitcoin revolution! But how exactly do you go about owning your very own Bitcoin or indeed any other Cryptocurrency?! This simple guide will provide you with the steps involved.
To do this, the absolute easiest way is to open an account here at Coinbase, they will ask a few questions to verify you and usually does not take very long at all. The exception is when Bitcoin has hit the news (again) and they are experiencing a large influx of new signups.
Once verified in Coinbase, your’e set! You can link a debit card which makes a transferring fiat super easy and you can transfer larger amounts direct from your bankaccount (SEPA transfer).So now you have deposited fiat into your wallet you can view the Crypto performance charts on the dashboard and on the buy/sell tab you can buy your chosen currency, BTC, ETH or LTC.
For the more adventurous out there you may want to buy one of the other 1000’s of cryptocurrency available! I don’t blame you, there are a lot of fantastic projects out there, make sure you do your research on them.
Once signed up you will have to transfer your Crypto to the corresponding wallet on that exchange. To do this, find the deposits page and choose what you would like to transfer. So if you have BitcoinfindBitcoin in the list, hit deposit and it will provide you with a walletaddress to send it to.
Go to where your Bitcoin is stored, choose to send from your Bitcoinwallet to the address provided by the exchange you want to send to. You will be prompted to enter the amount you want to send, asked to confirm off it goes!